News Bits | 1 Nov 2012

Highlights of the day

§  Economics (Money and Banking): September 2012: Loans growth may be bottoming out [download report]

Overall loans growth slowed for a second consecutive month to 11.9% y-o-y in September from 12.3% in August. Yet again, the slowdown was brought upon by slower business loans growth. Business loans growth slowed mainly due to weaker demand growth from the real estate and financial services sectors. The good news was that loans indicators improved significantly from last month to suggest that loans growth may halt its slowdown soon. Meanwhile, M3 also grew slower at 12.5% y-o-y from 13.9% but the monetary base grew stronger. Finally, we do not expect the MPC to change the OPR. (refer to report for details)

 

Reports

§  Newz Bits [download report]

 

Other Malaysian news

§  Axiata: XL’s revenue driven by data

§  TNB: Sees higher profit due to hike in demand

§  FGV:  Genting not shareholder, never given shares

§  MAHB: Offered stake in Indian airport

§  MAS:  Ethiopian Airlines plans major tie-up

§  LPI Capital: Refutes M&A speculation

§  Tan Chong: Car price war in the pipeline

§  Dijaya: Rakes in RM38m gain from land sale

§  KNM Group: To secure financing for Peterborough project

§  CI Holdings: Eyeing power assets, new business

§  Port: Samalaju Port ready by 1Q2016

§  Economy: September PPI declines 1.2% to 127.3

 

Global news

§  US: Fed says banks saw rising demand for auto and mortgage loans

§  US: Wage costs rise cool as employers hold line

§  US: Chicago Business Index increased to 49.9 in October from 49.7

§  Europe: Greece deepens budget cuts as it forecasts Steeper 2013 slump

§  Taiwan: Economy recovers as exports improve on Chinese demand

  

 

Visit ECM Libra at https://www.ecmlibra.com/ecmlsmy

Our on-line trading portal at www.ecmmoney.com