Kenanga Today
IDEAS OF THE DAY
l Quick Bites: IOICORP, NOTION
l On Our Radar: ADVENTA
l On Our Portfolio: Adding Alpha-Generated Stock Into Portfolios
l On Our Technical Watch: REDTONE, PRLEXUS
NEWS HIGHLIGHTS
l Hong Leong Financial Group to take over its subsidiary
l YTL, MAHB in combined offer for RM5.0b UK airport
l Syed Mokhtar in bid to take Tradewinds private
l Scomi Group gets Bursa nod to list 348.9m new shares
l UEM in talks to acquire sprint
l Battersea confirms 75.0% of first phase reserved
FOREIGN NEWS HIGHLIGHTS
l TNT left at altar gets no immediate FedEx deal
l Swatch buys "diamond king" Harry Winston's luxury arm
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l Indian Inflation Eases To 11-Month Low In December
l India Delays Tax-Avoidance Clampdown To Spur Investment Inflows
USA
l Debt Ceiling Debate: Obama Stakes Out Position
Europe
l Eurozone Factory Output Falls Again In November
l U.K.’S BDO Confidence, Output Indexes Fall As Recovery Falters
Currencies
l Dollar Climbs Back Towards Multiyear Highs Vs. Yen
Commodities
l Oil Rises Toward $112 On Product Strength, Weak Dollar
l Platinum Hits 3-Month High On Supply Worry, Gold Up
