IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
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Sector
Update: Telecommunication
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Results
Note: NESTLE, SUNREIT, XL AXIATA
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Company
Update: ASTRO, BIMB, MPI
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Quick
Bites: KNM
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On
Our Radar: FBMKLCI at an All-Time High
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On
Our Technical Watch: Monthly Technical Review
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Economic
Viewpoint: Malaysia
NEWS
HIGHLIGHTS
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Hong
Leong Industries 33.6% increase in net profit
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SOP
1Q profit plunges 49.0% despite jump in revenue
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TM
in pact to set up Bengal Gateway submarine
cable system
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Tune
Ins buys 70.0% stake in PT Batavia
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Hibiscus
Petroleum in Aussie joint venture
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I-Bhd
pre-tax profit likely to hit RM65.0m
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Tan Chong Motor eyes 8.0% of bus mart
FOREIGN NEWS HIGHLIGHTS
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Allstate
profit falls 7.4% on catastrophe costs
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SoftBank
slams Dish's Sprint bid, rules out sweeteners
ECONOMIC
NEWS HIGHLIGHTS (MACRO BITS)
l M3 Grew By 9.1% In March But Loans Moderated To 10.6%
l China
l Indonesia
l Manufacturing In U.S.
l ADP Says U.S. Companies Employed Fewer Workers Than
Forecast
l US Central Bank Keeps Buying Bonds To Boost Economy
l US Carmakers
Drive
l Mortgage Applications Rose Last Week As Rates Fell
l U.S.
l Eurozone Unemployment At Record High As Inflation
Drops
l UK
l Parliament In Cyprus Passes International Bailout Deal
l Slovenia Rating Cut To Junk By Moody’s As Bond Sale
Delayed
Currencies
l U.S. Dollar Extends Fall After Fed Statement
Commodities
l Oil, Stocks Fall On Weak Economic Data; Fed Stays
Course
l Gold Falls More Than 1 Pct As Commodities Dip
