Thursday, December 19, 2013

Morning Call | 19 December 2013


 

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: HAIO

l  Quick Bite: GAMUDA

l  On Our Radar: KGB

l  On Our Technical Watch: JCY, PWROOT

l  Economic Viewpoint: Malaysia Inflation Rate

 

NEWS HIGHLIGHTS

l  AirAsia X To Buy 25 More A330-300s for USD6.0b

l  Boustead announces formal establishment of RM1.2b hybrid equity 

l  UMW O&G wins USD7.0m job from Nido

l  Cypark Parters TUV SUD to test dump site-turned solar park

 

FOREIGN NEWS HIGHLIGHTS 

l  Carlyle taps Credit Suisse to explore USD3.0b sale of PQ

l  Valassis Will Be Bought by Harland Clarke for USD1.8b

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 

Malaysia

l  Inflation In November Increased By 2.9%

l  New Interest Rate Framework Soon

Asia Pacific

l  Asia Business Sentiment Falls In Q4

l  Japan Posts Record Trade Deficit For Nov

l  Foreign Investment In China Up 5.48% In First 11 Months

l  China Home Prices Rose In November As Shenzhen Led Gains

l  N.Z. Economic Growth Accelerates To Fastest In Four Years

USA

l  Fed Trims QE Pace To $75 Billion On Labor Market Outlook

l  Budget Deal Easing $63 Billion In Cuts Advances In Senate

l  U.S. Housing Starts Jump To Highest Level In Five Years

Europe

l  German Business Confidence Rises To Strongest In 20 Month

l  UK Unemployment Rate At Lowest Since 2009

Currencies

l  Dollar Jumps To 2013 High Against Yen On Fed Taper

Commodities

l  Brent Climbs More Than $1; Shrugs Off Fed Taper Announcement

l  Gold Drops In Volatile Trade After Fed Says To Cut Stimulus