News Bits | 22 Jan 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Market Strategy: 1Q13 Investment Strategy Review

l  Initiating Coverage: PERDANA

l  Sector Update: Media

l  Results Update: AXREIT

l  Quick Bites: PCHEM, SKPETRO

l  On Our Radar: IBHD

l  On Our Technical Watch: SKPETRO, ZHULIAN

 

NEWS HIGHLIGHTS

l  TNB signs 3 deals for RM2.5b Prai power plant

l  Tenaga-Kuwait JV gets RM1.0b contract to run Kuwaiti power plant

l  Magana Prima to launch over RM2.0b projects this year

l  Seadrill, SapuraKencana extend due diligence process

l  Mah Sing: Overwhelming response for Aspen bungalows

l  No general offer, says Tiger Synergy

l  Bright Packaging dangles dividends

FOREIGN NEWS HIGHLIGHTS

l  America Movil to acquire unit of Mexico's CIE

l  Atari U.S. operations file for Chapter 11 bankruptcy

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  M’sia-India Trade To Hit RM45bil

Asia

l  BOJ Holds First Policy Meeting Under Abe Govt

Europe

l  Spain Recession Scars Exposed As Jobless Seen At 6 Mln

l  UK: Shopper Numbers Fell In December, Says BRC

l  U.K. Finance Industry To Cut 43,000 Jobs, CBI Survey Says

Currencies

l  U.S. Dollar Firm As Yen Bounces Back

Commodities

l  Oil Edges Lower On Oversupply Concern

l  Gold Firms As U.S. Budget Talks Lift European Stocks