New Bits | 15 May 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: GAB

l  Quick Bites: CENSOF, IOICORP, MPHB

l  On Our Technical Watch: IJM, MAHSING

 

NEWS HIGHLIGHTS

l  BHIC posts 1Q profit versus loss a year ago

l  Instacom saw turnaround in Q1 results

l  MAS on track to return to profitability by end-2014

l  PPB Group to invest RM307.0m in flour milling business

l  Catcha Media units, Says in RM60.0m deal

l  Bursa raps Petrol One over delay in announcing defaults in payments

FOREIGN NEWS HIGHLIGHTS

l  Ford to build small SUV in Russia for local market

l  Airbus said to discuss A350 order from biggest Japanese carriers

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia Pacific

l  India's April Trade Deficit Jumps On Huge Gold Imports

l  Australia Forecasts Budget Deficit

USA

l  Import Prices Fall; Lower Oil Prices To Help Households

l  Small-Business Optimism In U.S. Rose In April To Six-Month High

Europe

l  German Investor Confidence Rose Less Than Forecast In May

l  Fitch Upgrades Greece Credit Rating On Financial Progress

l  France Leads Europe In Growing Disillusionment With EU

l  Euro Zone Factory Output Jumps On Energy, German Strength

Currencies

l  Dollar Pushes Past ¥102 On Rising Equities

Commodities

l  IEA Forecasts US To Account For A Third Of New Oil Supplies

l  Brent Oil Prices Fall In Light Trading

l  Gold Down On Economic Optimism, ETF Holdings Steady