Tuesday, February 26, 2013

News Bits | 26 Feb 2013


l  Sector Update: Automotive
l  Company Update: DIGI, ECS
l  Result Note: BSTEAD, CIMB, COASTAL, CRESBLD, KIMLUN, KOSSAN, MBMR, MISC, PARKSON, PCHEM, PERDANA, SENDAI, WCT
l  Quick Bites: CENSOF
l  On Our Radar: PESTECH
l  On Our Technical Watch: DRBHCOM, CENSOF
 
NEWS HIGHLIGHTS
l  Quek fails to take HLCap private
l  Scrapped Turkey bid seen for UEM
l  DRB-HICOM to assemble Audi cars in Malaysia
l  UMW on track to list O & G assets
l  Ingress sees RM107m revenue from Proton contract
l  Green Packet’s revenue growth target is 10.0% rise this year
FOREIGN NEWS HIGHLIGHTS
l  CNOOC closes USD15.1b acquisition of Canada's Nexen
l  Virgin Earnings Drop on Qantas Competition, Carbon Taxes
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l  China's February Manufacturing Growth Eases
l  Singapore Budget Heavy On Social Spending
l  Vietnam’s Trade Surplus Widens In February Buoyed By Exports
USA
l  Sequester: Obama Urges Governors To Prod Congress To Deal
Europe
l  Markets Fall On Fear Of Italy Post-Election Deadlock
Currencies
l  Euro Slides On Italian Election Signals
Commodities
l  Brent Up As China Imports Rise, Italian Elections Weigh
l  Gold Rises Nearly 1% Pct On Wall St Losses, Euro Zone Worry