News Bits | 18 October 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: BAT

l  Company Update: TOPGLOV

l  Quick Bites: KPJ

l  On Our Technical Watch: CENSOF, SKPETRO

 

NEWS HIGHLIGHTS

l  MKH buys RM50.7m land, plans residential development

l  Boost for UMW O&G in Naga 5

l  BIMB gets nod to buy Bank Islam stake

l  Sumatec shares, warrants surge while rights go ex

l  SapuraKencana's Brazil venture springboards group into more regional projects

FOREIGN NEWS HIGHLIGHTS           

l  IPO could value Blackstone's Brixmor at USD4.7b

l  AIA Group value of new business rises 26% in third quarter

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Foreign Investment In China Up 6.2% In First 9 Months

USA

l  US Government Employees Head Back To Work

l  Jobless Claims In U.S. Fall Less Than Forecast On California

Europe

l  UK Retail Sales Up 0.6% In September, Says ONS

Currencies

l  Dollar Falls With Yields After U.S. Debt Deal

Commodities

l  Brent Steady Above $110 As US Debt Impasse Ends, Data Deluge In Focus

l  Gold Jumps 3 Pct; U.S. Budget Deal Seen Delaying Stimulus Change