Highlights of the day
Based on data released by the Malaysian Automotive
Association (MAA), August’s total industry volume (TIV) declined 11% y-o-y to
51,823 units. Similarly m-o-m, TIV fell 13% as August was a short working month
due to the Hari Raya and National Day holidays. YTD (Jan-Aug) TIV rose 2% y-o-y
to 412,575 units, accounting for 67% of MAA’s 2012 forecast of 615,000 units.
Assuming an average monthly sales of 51,000 units for the remainder of the year
(Sep-Dec), 2012’s TIV should be able to meet MAA’s forecast. Maintain Neutral. (refer to report for details)
Other reports
Other Malaysian news
§ Maybank: Keen
on banking presence in Thailand
§ SapuraKencana: Files
statement of claim against ONGC
§ IGB REIT: Expects
Southkey Megamall
§ BRDB: Takeover
offer becomes unconditional
§ Dayang
Enterprise: Firms grip on Perdana
§ CMSB: Increases
K&N Kenanga stake
§ UM Land: Bandar Seri Putra development ready in 5 to 7
years
§
Ivory Properties: Sees
five-fold rise in sales
§ MAA: Associate
to buy Origin
§ Construction: Projects
RM100m and above should use IBS
§ Insurance: Bank Negara mulls allowing insurers to
formulate own structure
§ Manufacturing: Sector
draws RM27.5bn
§ Oil
& Gas: LNG
boost to Petronas
§ Oil & Gas: Petronas
Carigali extends contract with Eurasia
§ Plantation
Global news
§ Europe : Leaders
struggle to overcome fresh crisis stalemate
§ Europe: France
§ Europe : Troika
calls week’s truce in haggling over Greek budget package
§ Europe : Greek
official says budget gap is EUR13.5bn
§ China
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