IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
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Quick
Bites: TSH
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On
Our Portfolio: PUNCAK, TOMYPAK
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On Our Technical Watch: HAIO, TOPGLOV
NEWS HIGHLIGHTS
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Ingress
net profit down 9.1%
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Poh
Kong 3Q profit falls 56.8% YoY to RM5.0m
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Berjaya
Media 4Q net loss narrows to RM12.0m
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Maybank
sells 9.0% of BII
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MRCB,
Nusa to resolve suit out of court with PKNS over control of PJ Sentral
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Kulim
offers to buy 20.0% stake in NBPOL
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Unimech
to list its Indonesian unit
FOREIGN NEWS HIGHLIGHTS
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Rona
to sell commercial specialty division in CAD215.0m deal
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Goldman
Sachs abandons Ebix deal as U.S.
prosecutors open probe
ECONOMIC
NEWS HIGHLIGHTS (MACRO BITS)
l China Factory Activity Slows Further
l Sales Of Existing U.S. Homes Rise More Than Forecast
l Jobless Claims Rise as Manufacturing Growth Slows
l Bernanke Sees Beginning Of End For Fed’s Record Easing
l Euro-Area Services, Factory Output Rises More Than
Forecast
l Euro-Area Consumer Confidence Rises to Highest in 22
Months
l UK Retail Sales Sees Strong Rise In May
l Greece To Avoid Funding Problems If It Delivers On Bailout
Program: IMF
Currencies
l Indian Rupee Falls To An All-Time Low Against Us
Dollar
l Dollar Extends Rally As Fed Talks Slower Stimulus
Commodities
l Oil Hit By Biggest Decline Since November On Fed Plan
l Gold Down 5 Pct In Global Rout On U.S. Fed Stimulus Fears