News Bits | 6 November 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Initiating Coverage: BARAKAH

l  Results Note: GENTING (GENS)

l  Quick Bites: GAMUDA

l  On Our Technical Watch: CENSOF, GENM

 

NEWS HIGHLIGHTS

l  Al-Hadharah boustead reit posts slightly lower pre-tax profit in Q3

l  Analysts back Karex and Barakah IPOs

l  Iskandar Waterfront delays IPO

l  Lion Corp's escape plan to exit PN17 status

l  S P Setia on the hunt overseas

l  Major shareholder Tiah continues to buy TA shares

FOREIGN NEWS HIGHLIGHTS       

l  Office Depot closes deal to buy OfficeMax

l  Sturm Ruger quarterly sales jump 45% on demand for new firearms

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  Financial Crisis Hits Happiness Levels

Asia Pacific

l  China Services Industry Picks Up Ahead Of Party Plenum

l  South Korea Ramps Up Forex Reserves To Record High

l  Australia Central Bank Holds Rates At 2.5%

l  New Zealand Jobs Growth Surges, Adding To Case For Rate Rise

USA

l  Surprise Services Pickup Shows Overcoming Shutdown

l  U.S. 10-Year Yields Reach 2-Week High As Services Tops Forecast

Europe

l  European Commission Predicts 'Turning Point' In Europe

l  UK Services Growth At 16-Year High

l  British Retail Sales Strengthen In Oct

Currencies

l  Dollar Rises Against Euro, EM Currencies

Commodities

l  U.S. Oil Settles At Five-Month Low As Supplies Rise

l  Gold Falls For 7th Day On Dollar Rise, Technicals