News Bits | 9 May 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: PERISAI, PPB - WILMAR

l  On Our Radar: PWROOT

l  On Our Technical Watch: DIALOG, SCOMI

l  Economic Viewpoint: Malaysia Trade March '13

 

NEWS HIGHLIGHTS

l  AirAsia X to issue 592.6m new shares under IPO

l  Matrix Concept to raise RM137.5m from IPO

l  KKB Engineering 1Q net profit rose to RM11.4m

l  Lysaght Galvanized Steel net profit jumped to RM11.1m

l  F&N to maintain market share, boost brand name

l  MAHB eyes 10.0-15.0% sales rise this year

l  Hock Lok Siew not to appeal against de-listing

l  Tan Chong to launch Nissan Leaf in Q3

FOREIGN NEWS HIGHLIGHTS

l  ING prepares European insurance arm for listing in 2014

l  Electronic Arts gains after forecast tops estimates

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Exports In March Declined By 2.9%

l  Govt 10-Year Bonds Head For Longest Winning Streak In 3 Weeks

l  Bank Negara's international reserves at RM433bil

Asia

l  China Trade Growth Accelerates Beating Forecasts

USA

l  Productivity Cooling As Gains From Tech Boom Fade

l  US Mortgage Applications Jump As Rates Fall

Europe

l  German Industrial Output Rises

l  Poland Cuts Interest Rates To Record Amid Lack Of Recovery

l  Euro Area Economic Situation Worsens: Ifo

Currencies

l  Dollar Drops On German Industrial Data

Commodities

l  Brent Turns Lower, U.S. Crude Initially Holds Gains After EIAs

l  Gold Up Over 1 Pct On Dollar Drop, Physical Demand