News Bits | 1 October 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: SKPETRO

l  Sector Update: Telecommunication

l  On Our Radar: Tracker Review

l  On Our Technical Watch: AFFIN, KPS

l  Economic Viewpoint: Malaysia Money & Market

 

NEWS HIGHLIGHTS

l  Berjaya Corp Q1 earnings up 90.0% to RM53.4m

l  XiDeLang to raise up to RM111.9m with corporate exercise

l  CCM to dispose of land for RM74.8m

l  KDEB to buy KHSB stake

l  Zelan to have clean slate after restructuring

l  Ireka order book hits RM1.1b, to expand property development

FOREIGN NEWS HIGHLIGHTS           

l  America Movil talks with KPN said to be snagged on price

l  Sprint investors need patience, possibly up to two years: SoftBank founder

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  IMF Says Domestic Investors Can Curb Capital Flow Volatility

Asia

l  S. Korea August Output At 9-Month High

l  China September Manufacturing Index Misses Preliminary Estimate

l  India Current-Account Gap Below Estimates As Gold Imports Curbed

North America

l  US Government Shutdown Nearer As House Republicans Huddle

l  Canadian Consumer Confidence At Highest Since 2011

Europe

l  Eurozone Inflation Falls To Lowest Rate In Three Years

Currencies

l  Dollar Posts Biggest Quarterly Decline In 2 Years

Commodities

l  Brent Falls Below $108 On Iran, U.S. Jitters

l  Gold Posts Best Quarter In A Year, Safe Haven Bids Weak