News Bits | 23 Jan 2013

IDEAS OF THE DAY

l  Initiating Coverage: REDTONE

l  Sector Update: Telecommunication

l  Results Update: CMMT, PANTECH

l  Company Update: AXREIT, PBBANK

l  On Our Portfolio: Adding MPHB into our Thematic Portfolio

l  On Our Technical Watch: CIMB, PERDANA

l  Economic Viewpoint: Malaysia External Reserves

 

NEWS HIGHLIGHTS

l  Petronas Dagangan plans RM700.0m capex for 2013

l  BAT awaits impact of govt cigarette ruling

l  Perisai Petroleum’s 85.0m placement shares fixed at RM1.03

l  KFC's RM130m expansion plan

l  IRCB faces winding-up if it fails to pay RM16.9m debt

l  Latexx Partners sued by Sentinel

FOREIGN NEWS HIGHLIGHTS

l  Microsoft in talks to invest up to USD3.0b in Dell

l  Google profit rises on year-end advertising gain

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  World Jobless Numbers Rise, Says UN Labour Agency

l  Davos 2013: Business Leaders 'See No Growth'

Malaysia

l  Reserves As At January 15 Increased By RM0.8b

l  Malaysia-S. Korea Bilateral Trade Upturn

Asia

l  Japan Agrees 2% Inflation Target And Asset Purchases

USA

l  Existing Home Sales Decline As U.S. Supply Dwindles

Europe

l  German Investor Confidence Surges To Pre-Crisis High

l  Financial Transactions Tax In Europe Given Go-Ahead

Currencies

l  Dollar Falls After Bank Of Japan Policy Moves

Commodities

l  Brent Up Near $112 On Better Global Economic Outlook

l  Gold Up On Japan Stimulus