Tuesday, May 21, 2013

News Bits | 21 May 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Initiating Coverage: ASIABRN
l  Results Note: AFFIN, FAJAR, PERDANA, POS, TSH
l  On Our Radar: MYEG
l  On Our Technical Watch: TEBRAU, WCT
 
NEWS HIGHLIGHTS
l  Daya Materials 1Q profit jumps 71.0%
l  KPS doubles net profit, revenue up 34.0%
l  Sino Hua-An turns around, 1Q net profit at RM3.3m
l  Pharmaniaga in venture with Saudi company
l  Battersea Power Station's Phase 1 records RM3.12b sales
l  TH Plantations to build palm oil refinery in Sarawak
l  BToto hopes to list business trust in Singapore end-August
FOREIGN NEWS HIGHLIGHTS
l  Yahoo buying Tumblr for USD1.1b
l  Dish eyes LightSquared's Spectrum for USD2.0b
 
Kenanga Coverage Rating Summary - (Please refer to the attached)