Wednesday, January 23, 2013

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