Wednesday, January 30, 2013

News Bits | 30 Jan 2013

NEWS BITS
l  Results Note: MPI
l  Quick Bites: FGV, PERISAI
l  On Our Technical Watch: BAHVEST, MISC
 
NEWS HIGHLIGHTS
l  Gadang Holdings’ 2Q net profit leaps more than 11 times
l  Triplc posts lower net profit 2Q
l  Tower REIT posts RM44.9m net profit for 4Q12
l  K-One secures RM40.0m orders for mobile phone accessories
l  Salcon seeks partners for China listing
l  City of London purchases more icapital.biz shares
l  SIG buying 2 firms for RM151.2m
l  Muda Packaging acquiring KF Paper
FOREIGN NEWS HIGHLIGHTS
l  SingTel sells Warid Telecom stake to Abu Dhabi
l  Lilly profit beats analyst estimates
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l  Malaysia Sees RM1bil Foreign Direct Investment From China This Year
Asia
l  India Cuts Interest Rates For First Time In Nine Months
l  Japan’s Defense Spending To Increase For First Time In 11 Years
l  China Rural-Income Gains Aid Shift Toward Consumption
USA
l  Price Gains Signal U.S. Housing to Boost Growth
l  Consumer Confidence in U.S. Falls to Lowest Level Since 2011
Europe
l  Spain's Retail Sales Drop For 30th Month
l  Greek Finance Minister Eyes 2014 Recovery For Economy
l  German Consumer Confidence To Rise In February, Gfk Says
l  Polish 2012 GDP Slowed To 2% On Consumer Demand, Exports
Currencies
l  Dollar Falls As Aussie, Kiwi Score Gains
Commodities
l  Brent Crude Holds Steady Above $113 On Positive U.S. Data
l  Gold Rises, Ending Four-Day Slide; FOMC Eyed
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