News Bits | 29 November 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l        Results Note: AFFIN, AIRPORT, ANNJOO, BIPORT, DRBHCOM, GASMSIA, GENM, GENTING, KIMLUN, KPJ, PUNCAK, SUPERMX, NAIM, SENDAI, TM, TRC

l        Company Update:  AXIATA

l        On Our Technical Watch:  KOSSAN, SURIA

 

 NEWS HIGHLIGHTS

l  Date to object KL rate hike stays  (Comment included in Kenanga Today)

l  KUB posts turnaround profit of RM3.8m 

l  Pestech signs RM53m contract

l  MKH earnings rise 34% on current and new projects

l  Kulim Malaysia's Q3 pre-tax profit falls to RM45.5m

l  Panasonic Q2 Pre-Tax Profit Rises To RM27.1m  

FOREIGN NEWS HIGHLIGHTS           

l   Australia surprises with rejection of USD2.55b GrainCorp takeover by ADM 

l   Interjet Sees 2014 IPO topping Volaris sale on air traffic 

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 

Asia

l  Singapore’s Home-Price Decline Accelerates After Curbs

l  Philippine GDP Expands At Slowest Pace In More Than A Year

Europe

l  Euro-Area Economic Confidence Rises More Than Forecast

l  France 'More Pessimistic' On Economy As Confidence Dips

l  French Jobless Claims Decline For Second Time In Two Years

l  Spain Household Spending Snaps Declines Amid Recovery

l  German Unemployment Rises Fourth Month In Uneven Recovery

l  Bank Of England Cuts Mortgage Support To Avoid Housing Bubble

Currencies

l  Euro At Best Level In A Month, Yen At Fresh Lows

Commodities

l  U.S. Crude Oil Tumbles On Surprise Build, Brent Up

l  Gold Snaps Two-Day Decline, Chinese Buying Supports