IDEAS OF THE DAY
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Initiating
Coverage: PADINI
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On
Our Portfolio: Volatility Increased
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On
Our Radar: MKLAND
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On
Our Technical Watch: GPRO, TWSPLNT
NEWS HIGHLIGHTS
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Petronas
aborts RSC award
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Daya
Materials secures RM228.0m building job
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SPK
Sentosa unit bags RM143.0m job
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Hua
Yang plans RM1.5b mixed project in Puchong
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Maybank
injecting USD100.0m in the Philippines
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KBB
buys stake in China's Tianxia
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Minority
Shareholders Watchdog Group to check on complaints from minority shareholders
of Bright Packaging
FOREIGN NEWS HIGHLIGHTS
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Hess
exits storage, refining; fund may seek board seats
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Goldman
Sachs to raise USD1.0b selling stake in ICBC
ECONOMIC
NEWS HIGHLIGHTS (MACRO BITS)
l Abe Predicts Bump In Revenue As Japan
l Singapore
l China
l Burma Gets Asian Development Bank And World Bank Loans
l US New-Home Sales In 2012 Reach Three-Year High
l Durable-Goods Demand Points To U.S.
l Pending Sales Of Existing Homes In U.S.
l UK
l Italian Consumer Confidence Declines To 17-Year L
l Eurozone Lending Shrinks For Eighth Month
l Euro Periphery Draws Back €100bn
l ECB Loans: European Banks To Repay Early
Currencies
l Dollar Clings To Gains After Economic Data
Commodities
l Oil Rises As Hess Refinery Closure Boosts Gasoline
l Gold Languishes Near 2-Week Low On Recovery Optimism