News Bits | 3 September 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Market Strategy: 2QCY13 Results Review

l  Quick Bites: FGV, KOSSAN, TSH

l  On Our Radar: Tracker Review

l  On Our Technical Watch: IJMLAND, JCY

l  Economic Viewpoint: Malaysia fuel & subsidy

 

NEWS HIGHLIGHTS

l  Salim to spearhead MRCB

l  Mohamed Ridzuan's appointment as Sersol MD fuels speculation of takeover

l  MyEG, Celcom Axiata sign MoU to explore business opportunities

l  CIMB a joint bookrunner for ASE's USD400.0m bonds

l  BIMB sukuk plan rejected, but it can buy remaining stake in Bank Islam

FOREIGN NEWS HIGHLIGHTS           

l  Indofood offers USD383.0m in cash for rest of China Minzhong

l  Verizon, Vodafone agree USD130.0b wireless deal

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Malaysia Raises Fuel Prices As Najib Seeks To Trim Budget Gap

l  PM: Govt To Go Ahead With MRT, Projects With High Impact On Rakyat

Asia

l  Indonesia’s Trade Gap Widens To Record As Inflation Quickens

l  China Rebound Signaled In Rising Manufacturing Gauges

Europe

l  Eurozone August Factory Orders Best Since May 2011

l  UK Manufacturing 'Booming Again'

l  British Retail Sales Growth Eases Slightly In August

Currencies

l  SNB Says It Will Cap Franc As Long As Conditions Warrant

l  U.K. Pound Ticks Higher After Upbeat PMI Data

Commodities

l  Oil Ekes Gain, Reversing Early Rout On Easing Syria Risk

l  Gold Down As Syria Concerns Ease