Highlights of the day
Sales of new vehicles regained its health in May,
charting a 22% m-o-m (+25% y-o-y) improvement to 58,299 units as supply chain
normalizes backed by new car launches. Sales of commercial vehicles was up 21%
to 6,784 units, while passenger vehicles increased 26% y-o-y to 51,515 units.
Total industry volume for the first 5 months reached 244,620 units, 2% lower
y-o-y—making up 40% of MAA’s 2012 TIV estimate of 615,000 units. However, YTD
total industry production (TIP) was marginally lower by 1%. TIP for May
increased 19% y-o-y to 46,284 units.
Other reports
Other Malaysian news
§ CIMB: AIA, Manulife among bidders for Aviva's Malaysia JV
§
Felda Global: Skirts Louis Dreyfus pullout
§
Genting: Raises Echo stake to 10%
§
RHB-OSK: To be headed by Kam
§
MAS: To focus on aircraft replacements
§
Eversendai: Eyes M&A in O&G, manufacturing sector
§
TA
Global: Completes purchase of Phuket hotel
§ Pharmaniaga: Freeze lifted
§
Glomac: Expected to post good growth with
strong demand
§
Ivory
Properties: Plans to unveil RM1.6bn worth of residential, commercial
units
§
P&O: Unit gets SC nod for RM150m sub notes
§
Ahmad Zaki: Order book at RM1.9bn, Eyes Jalan Sultan Ismail
projects
§ Telco: Kumpulan
Perangsang enters telecom business
§ Telco: Tune Talk eyes
1m users
Global news
§ US
§ US: Builders
begin work on more one-family homes
§ Europe : Greek
leaders poised to agree on three-way governing coalition
§ Europe: Spain
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