News Bits | 5 March 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Market Strategy: 4QCY12 Results Review

l  Company Update: MBMR

l  Quick Bites: GENTING, REDTONE, SENDAI

l  On Our Radar: Tracker Review

l  On Our Technical Watch: MBSB, UOADEV

 

NEWS HIGHLIGHTS

l  Celcom's RM100.0m capex for LTE rollout

l  MISC rises after EPF's expectations of higher takeover price

l  Foreign banks eye Hwang-DBS

l  Delima Oil eyes 20.0% overseas contribution to revenue this year

l  Japex partner Petronas in shale gas project

l  Daiman Development secures RM70.0m credit facility

FOREIGN NEWS HIGHLIGHTS

l  Carlsberg launches take-over offer for Chinese brewer

l  Repsol sells UD1.3b stake to Singapore’s Temasek

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Malaysia's 2013 Forecast Revised

l  Extra RM600m For Bumi Entrepreneurs

Asia Pacific

l  Kuroda Pledges Bolder Action As Bank Of Japan Governor

l  South Korea Inflation Eases, Gives Room For Rate Cut

l  Australia Building Permits, Profits Drop, Sending Currency Lower

USA

l  Job-hunt Time Shrinks In U.S. From Record High

l  Credit-Spurred Job Growth To Ease Blow Of U.S. Cuts

Europe

l  UK Construction Output Falls For Fourth Month

l  Euro Zone Sentiment Falls Sharply In March

l  Eurozone Confident On Cyprus Bailout

Currencies

l  Euro Dips Below $1.30; ECB Meeting In Sight

Commodities

l  Oil Falls On Slowing Chinese Economy, Ample U.S. Supply

l  Gold Eases As ETF Holdings Fall Again, U.S. Cuts Eyed