News Bits | 27 June 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: HAIO

l  Quick Bites: KIMLUN, UOADEV

l  On Our Radar: YEELEE

l  On Our Technical Watch: AEONCR, PERISAI

 

NEWS HIGHLIGHTS

l  KLCC Property seeks anchor tenant an undeveloped land near KL City Centre

l  Felda Global Ventures may announce series of purchases by Sept

l  Vietnam hydraulic job for UMW unit

l  SILK posts RM23.2m 9-month pre-tax profit

l  Sapura Industrial 1Q profit plunges 64% yoy

l  No plan to privatise Maxwell

FOREIGN NEWS HIGHLIGHTS

l  Verizon eyes Canadian wireless start-ups

l  Hess said to begin sale process for oil-terminal network

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  World Foreign Direct Investment Down 18%

Malaysia

l  Goldman Sachs Downgrades Several Asean Outlooks, Including M'sia

Asia Pacific

l  Japan Economic Strength Will Show In Stocks, Nishimura Says

l  Pakistan Plans Talks With IMF On Loan Of Up To $7 Billion

l  Swan Quits Treasury as Friend-Turned-Foe Rudd Back as Leader

USA

l  US Growth Rate Revised Down To 1.8%

Europe

l  ECB Policy Makers Say Accommodative Monetary Policy To Stay

l  EU Resumes Battle Over Imposing Losses At Failing Lenders

l  Bank Of England Warns On Risk From Interest Rate Rises

l  UK Sugars Austerity Pill With Infrastructure Boost

Currencies

l  U.S. Dollar Rises For Sixth Straight Session

Commodities

l  Oil Edges Higher On Easing Fed Concerns, Spread Trading

l  Gold Slides 4 Pct, Near 3-Year Low As Wall Street Rallies