Thursday, February 28, 2013

News Bits | 28 Feb 2013


l  Result Note: BIMB, DRBHCOM, GENP, KGB, MAHSING, OLDTOWN, PPB, SEGI, SIME, TCHONG and TM
l  Company Update: UMW
l  Quick Bites: BPORT, PERDANA
l  On Our Radar: COCOLND
l  On Our Technical Watch: POS, WINSUN
 
NEWS HIGHLIGHTS
l  Kulim posts Q4 loss of RM1.3b
l  Dijaya Q4 profit advances 18.0%
l  Encorp 4Q profit falls 40% on higher finance cost
l  Inari Q2 earnings up 39.8% to RM8.7m
l  Offer for MBf
l  UDA appoints new Group COO
l  HSL to work on RM2.0b projects in hand 
FOREIGN NEWS HIGHLIGHTS
l  EU regulators block Ryanair's third bid for Aer Lingus
l  AIA Group beats estimate with 89.0% growth in 2012
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l  Malaysia Attracts RM162.4b Investments
Asia
l  South Korea January Current Account Surplus Hits Record
l  India Issues Optimistic Economic Growth Forecast
l  Key China Think-Tank Sees 8% GDP Growth In First Quarter
l  Hong Kong Posts Budget Surplus As Economy Set For Stronger Growth
USA
l  Machinery Orders Gain Shows U.S. Companies Plan To Grow
l  Bernanke: 6% Unemployment Rate Still 3 Years Away
l  Obama To Meet Lawmakers, But After Sequester Deadline
Europe
l  Euro Zone Sentiment Rises For Fourth Month In February
l  Hollande Jobs Pledge Turning Into Achilles Heel As Claims Rise
l  Italy’s 10-Year Government Bonds Advance After Auction
l  UK Economy Grew More Than Thought In 2012
l  Draghi Signals ECB In No Rush To Tighten Monetary Policy Soon
Currencies
l  Euro Up As Italy Anxiety Eases After Auction
Commodities
l  Brent Falls Near Month-Low Under $112
l  Gold Down 1% On U.S. Fed Policy And Budget Cuts