Highlights of the day
Generally, 4QCY11 results of companies under coverage were within our and market expectations. Hence there were minimal earning revisions and recommendation change. Most of the sectors’ results were within house and consensus estimates except oil & gas and shipping sectors which fell short of our expectations.
Other reports
Malaysian news
§ KL Kepong: Eyes Indonesian palm oil refineries
§ SP Setia: PNB, Liew hold 51.24% of SP Setia, offer unconditional
§ Proton: VW’s grand vision for Proton
§ Proton: In talks with Turkish automotive firm
§ MRCB: Johor highway toll quandary
§ Dijaya: Major shareholder injects land-bank, property
§ Pelikan: To restructure and streamline operations
§ KUB Malaysia: Secures Shell’s local LPG assets
§ Carlsberg, GAB: Taking divergent path for profits
§ eBworx: Hitachi launches takeover offer for eBworx
§ Oil & Gas: Kazakhstan to tap oil expertise
§ Banking: BNM’s measures start to work as loan approvals contract
§ Construction: High speed rail-ity?
§ Power: 1MDB buys over AK’s power assets
§ Plantation: RSPO sustainability report out
Global news
§ Europe: Greek sovereign debt rating cut to lowest level by Moody’s
§ Europe: Producer-price inflation slows for fourth month
§ Japan: Job prospects improve as companies plan to hire
§ South Korea: Inflation moderates to 14-month low, within target
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