Wednesday, January 16, 2013

News Bits | 16 Jan 2013


IDEAS OF THE DAY
      l  Quick Bites: ALAM, AXIATA, SENDAI
l  On Our Technical Watch: MICROLN, INARI
 
NEWS HIGHLIGHTS
l  UOA REIT Q4 net profit jumps four-fold
l  Atlan Q3 net profit surges
l  Mintech Resources secures RM35.0m worth of supply contracts
l  Gamuda in talks to sell stakes in Litrak, Sprint
l  Perodua allocated RM2.3b in capex for next four years
l  Perodua records highest ever sales of 189,000 cars in 2012
l  Bina Goodyear to hold creditors meeting on Jan 29
 
FOREIGN NEWS HIGHLIGHTS
l  BASF says sweetened Pronova bid is final
l  Bain alumni vie for Billabong in a AUD527.0m fight
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l  Singapore Private Home Sales Jump 30%
l  India Banks System Face Worsening Asset Quality, IMF Says
USA
l  U.S. Says To Negotiate Services Trade Pact With EU, Japan, Others
l  US Retail Sales In December Beat Expectations
l  Business Inventories Rose Modestly In November
Europe
l  German Economy Slows Sharply
l  UK Inflation Holds Steady At 2.7%
l  Fitch Warns Of Risk To UK's AAA Credit Rating
l  Spanish Underlying Inflation Rate Declines Amid Recession
Currencies
l  Yen Roars Back; Euro Dips Under $1.33
Commodities
l  Brent Holds Above $111; US Debt, Forecast Oil Stocks Gain Weigh
l  Platinum At 3-Month High On Amplats Overhaul; Gold Firm