News Bits | 3 July 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Sector Update: Banking, Construction, Gaming, Non-Bank Financials, Oil & Gas, Property Developers, Rubber Gloves, Telco, Utilities

l  Quick Bites: PANTECH, TM

l  On Our Portfolio: REDTONE WA

l  On Our Technical Watch: DELEUM,  GTRONIC

l  Economic Viewpoint: 3Q13 Economic Outlook

 

NEWS HIGHLIGHTS

l  iCapital.biz earnings jumps to RM47.1m

l  AmInvest Targets RM300.0m for new fund

l  AirAsia X ropes in global funds

l  Tune Insurance sells properties for RM12.8m

l  TNB plans RM2.0b sukuk

l  Metal fabricator Ewein close to securing job related to undersea tunnel project

FOREIGN NEWS HIGHLIGHTS       

l  Apple Hires Yves St Laurent CEO for Special Projects

l  Carlyle's CommScope explores IPO after USD3.9b buyout

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Bank Negara Gets More Regulatory And Supervisory Oversight Powers

Asia Pacific

l  Dollar Strength Forces Australia To Hold Rates

USA

l  U.S. Factory Orders Rose In May On Machinery, Computers

Europe

l  Energy Costs Pull Down Euro Zone Producer Prices In May

l  Greece Has 3 Days To Deliver Or Face Consequences: EU Officials

l  UK Business Confidence 'At Six-Year High'

l  Germans Let Cars Age As Consumers Halt Buying In Crisis

Currencies

l  Rising Dollar Sails Back Above 100 Yen

Commodities

l  Brent Nudges Up Above $103 On Mideast, Africa Supply Concerns

l  Gold Lower As Dollar Strengthens