News Bits | 4 October 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Sector Update: Rubber Gloves

l  Quick Bites: QL

l  On Our Technical Watch: AKNIGHT, HIBISCUS

 

NEWS HIGHLIGHTS

l  Alam Maritim gets contract (Comment included in Kenanga Today)

l  Kulim to take control of 40,645 hectare of oil palm land in Kalimantan

l  MRCB's subsidiary bags RM80.8m contract to build Giant Hypermarkets in Danau Kota, Kampar

l  RM2.4b likely from listing of UMW O&G

l  UMLand to start new township in Iskandar

l  THHE in JVs with McDermott

FOREIGN NEWS HIGHLIGHTS           

l  Lufthansa sees low-cost success as main-brand revamp costs climb

l  China's Minmetals submits first-round bid for Las Bambas mine

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  IMF Head Warns US Debt Crisis Threatens World Economy

Malaysia

l  Malaysia Approves 428 Manufacturing Projects, RM28.3bil Investments

Asia

l  China Official Services PMI Hits Six-Month High, Supported Third-Quarter Pickup

USA

l  Service Industries In U.S. Grow At Slower Pace Than Forecast

l  Jobless Claims In U.S. Rose Less Than Forecast Last Week

Europe

l  Recovery In Euro Zone Services Sector Picks Up In September: PMI

l  UK Services Growth Reaches 16-Year High

l  Portugal Passes Latest Eurozone Bailout Test

Currencies

l  Dollar Falls To Eight-Month Low Against Euro

Commodities

l  Brent Slips Below $109 As U.S. Shutdown Drags On, Stocks Build

l  Gold Gains On U.S. Shutdown, Soft Service Sector Data