News Bits | 21 October 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Sector Update: Auto, Media

l  Results Note: SAM

l  Quick Bites: MAHSING

l  On Our Portfolio: All Eyes Back to Budget 2014

 

NEWS HIGHLIGHTS

l  Berjaya Auto to raise RM57.9m from IPO

l  Caring Pharmacy To raise up to RM43.8m from IPO

l  Scomi keen on Kerala's MRTs project

l  Brahim's to build RM150.0m sugar refinery in Sarawak

l  Zhulian expects higher sales driven by consumer goods exports

FOREIGN NEWS HIGHLIGHTS           

l  AT&t agrees to USD4.9b tower deal with Crown Castle

l  Zhuzhou CSR to raise USD294.0m through new shares issue

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Sept Vehicle Sales Rise To 54,945 Units

Asia

l  China's Economic Growth Picks Up Speed In Third Quarter

l  Japan: Manufacturers’ Mood Up

North America

l  Canada And European Union Agree Free-Trade Deal

Europe

l  Draghi Says Bank-Aid Rules Must Be Flexible On Forced Losses

l  Bank Of England Says Rate Rise Unlikely In 2014

Currencies

l  BNM, Bank Of Korea In Currency Swap Arrangement

l  Euro Trims Gains After Testing $1.37

Commodities

l  Oil Rises On Weak Dollar, Chinese Growth Data

l  Gold Drops On Profit Taking, Posts Biggest Weekly Gain In 2 Months