News Bits | 16 April 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Quick Bites: DIJACOR, PUNCAK

l  On Our Radar: TAMBUN

l  On Our Technical Watch: BRIGHT, OSK

 

NEWS HIGHLIGHTS

l  TAS Offshore selling 4 ships for RM160.0m

l  Bina Puri unit gets RM80.0m construction job in Bangkok

l  CKLY Equity buys 7.5% stake in Industronics

l  DRB-Hicom eyes RM5.0b gross development value

l  E&O aims to launch RM2.2b projects in M'sia and UK within 12 months

l  Hwang-DBS gets BNM nod for talks with AMMB, Affin

FOREIGN NEWS HIGHLIGHTS

l  Dish's USD25.5b Sprint bid may force others to act

l  Facebook talking to Apple about new ‘Home’ software for IPhone

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  World Bank Lifts Malaysia Growth Forecast To 5.1%

Asia

l  World Bank Cuts China, Indonesia Growth Estimate

l  China's Q1 GDP Growth Slows Unexpectedly To 7.7%

USA

l  Homebuilder Confidence In U.S. Unexpectedly Dropped In April

l  US Business Inventories Climb Less Than Expected

l  Foreign Demand For U.S. Financial Assets Plunged In February

Europe

l  Greece Moves Closer To Securing Latest Bailout Payment

l  Sweden Cuts 2014 GDP Forecast As Krona Adds To Crisis Pain

Currencies

l  Dollar Sheds 1.85% Vs. Yen As Growth Fears Rise

Commodities

l  Brent Oil Drops 3 Pct To Near $100 In Commodities Rout

l  Gold Has Worst Two-Day Rout In 30 Years