News Bits | 28 May 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: ALAM, BPURI, KOSSAN, MPHB, NAIM, PARKSON, PCHEM

l  Quick Bites: DAYANG, SKPETRO

l  On Our Technical Watch: LIIHEN, YEELEE

 

NEWS HIGHLIGHTS

l  E&O FY13 pretax profit rises to RM187.3m

l  AmCorp Properties 4Q jumps 285.0%, but revenue falls

l  Bonia Q3 earnings up 95.0% to RM13.8m

l  Protasco 1Q revenue up but profit down

l  Zecon posts RM1.1m loss in Q3, to focus on development

l  Ta Win Holdings returns to the black in 1Q

l  Gromutual to launch projects worth RM700.0m

FOREIGN NEWS HIGHLIGHTS

l  Drugmaker Valeant to buy Bausch & Lomb for USD8.7b

l  Chevron lends Venezuelan oil venture USD2.0b for output boost

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Japan Risks Yield Jump Undermining Boj Easing, Fiscal Panel Says

l  Japan Boosts Aid To Burma During PM Shinzo Abe Visit

l  Policy Delays Push Up Indonesia Yield To Record

Europe

l  German Chancellor Moves To Cool EU-China Trade Dispute

l  Norway Unemployment Unexpectedly Rises As Euro Crisis Weighs

Currencies

l  Yen Firms, Euro Edges Up Versus Dollar In Thin Trade

Commodities

l  Brent Eases On Weak Economic Data, Plentiful Supplies

l  Gold Rises Due To Physical Demand, Weaker Dollar