Wednesday, February 20, 2013

News Bits | 20 Feb 2013


Kenanga Today
IDEAS OF THE DAY
l  Initiating Coverage: HUAYANG
l  Sector Update: Media
l  Company Update: KLCCP
l  Result Note: AFG, AMBANK, DIALOG, GASMSIA, MAYBANK BII, KIANJOO
l  Quick Bites: BIPORT, KNM
l  On Our Technical Watch: STAR, UZMA
 
NEWS HIGHLIGHTS
l  Deftechbuys CTRM from MOF (Comment included in Kenanga Today)
l  Lower operating expenses, cheaper raw material lift Padiberas Nasional 4Q profit
l  Jobstreet's pre-tax profit rises to RM18.2m in Q4
l  MAS Orders 36 ATR 72-600s for USD840.0m
l  KLK keen on Aussie farm land
l  Digistar bids for ICT jobs worth RM200.0m
FOREIGN NEWS HIGHLIGHTS
l  Herbalife fourth-quarter profit tops analysts’ estimates
l  Dell profit falls amid attempt to go private
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Global
l  OECD Economies In 0.2% Quarterly Decline
Asia
l  India Cuts Borrowing As Chidambaram Curbs Spending
USA
l  Obama Warns Sequester Will Cause Job Losses
l  Homebuilder Confidence In U.S. Unexpectedly Fell In February
Europe
l  German Investor Confidence Surges To Three-Year High
l  Greek Current Account Gap Shrinks
Currencies
l  Yen Up After Denial Of Plan For Foreign Bond Buys
Commodities
l  Brent Steadies Below $118, Global Growth Hopes Support
l  Gold Drops Near 6-Month Low On Economic Optimism