Friday, December 21, 2012

News Bits | 21 Dec 2012

Kenanga Today
IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Sector Reports: Media, Plantation
l  Quick Bites: OLDTOWN
l  Technically Speaking: ICRB, HAIO
 
NEWS HIGHLIGHTS
l  BLand posts Q2 net profit of RM98.3m
l  Subur Tiasa 1Q net profit slumps 70.0% to RM3.2m
l  A-Rank records lower net profit as revenue dropped 10.9%
l  Parkson buys ownership rights of Qingdao mall for RM769.8m
l  Apex Healthcare to set up JV to manufacture orthopedic devices
l  Benalec in advanced talks
l  Contest for Bank Islam sake
l  Bonia undertakes restructuring
 FOREIGN NEWS HIGHLIGHTS
l  IntercontinentalExchange to acquire NYSE for USD8.2b
l  Siemens to cut almost 1,100 German jobs in energy sector
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l  Bank Of Japan Boosts Stimulus To Help Revive Growth
USA
l  US Economy Grew 3.1%; Jobless Claims Rise
l  Republicans To Hold Vote On Fiscal Cliff 'Plan B'
l  U.S. Home Values Rose In 2012 For First Gain In 6 Years
l  Sales Of Existing U.S. Homes Climb To Three-Year High
l  Leading Economic Indicators Index In U.S. Fell 0.2% In November
l  Foreign Central Banks' U.S. Debt Holdings Rise
Europe
l  UK Retail Sales Flat In November
Currencies
l  Dollar Hits New High Against Japan’s Yen
Commodities
l  Crude Futures End Mixed As Budget Deal Stalls
l  Gold Below $1,650/Oz, Down 1.1% On Fund Selling