News Bits | 21 Jan 2013

IDEAS OF THE DAY

l  Initiating Coverage: ASTRO

l  On Our Portfolio: Gain some, lose some

 

NEWS HIGHLIGHTS

l  Revaluation surplus of RM435.6m for Pavilion REIT

l  MPHB sells AAA for RM169.3m

l  Jetson accepts LoA from Clearwater

l  Eswaran’s Pinehill stake sold

l  JAKS says contract value revised downwards

l  Perwaja sued by Petronas

l  BCorp’s Tan continues to buy TMC shares

FOREIGN NEWS HIGHLIGHTS

l  Santander eyes GBP2.0b bid for NAB UK assets

l  Bill Gates group invests USD1.0b in Orascom Construction

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  China's Outbound Investment Leaps To Record High In December

USA

l  Confidence Falls As U.S. Payroll Tax Rise Hits

l  Treasuries Gain For Second Week Amid Debt-Ceiling Stalemate

Europe

l  UK Retail Sales Fall In December

l  Italy Needs 9 Billion Euros For Deficit Goal, Official Says

Currencies

l  Dollar Gains For The Week China Data

Commodities

l  Brent Crude Settles Higher On Supply Threats, Posts Weekly Gain

l  Gold Slightly Lower After Weak U.S. Consumer Data