News Bits | 4 Feb 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Sector Update: Banking

l  Results Note: AXIATA, BURSA, MBSB

l  On Our Portfolio: Volatility rose further for the week

l  Company Update: CIMB, RHBCAP

l  Quick Bites: MISC

l  On Our Technical Watch Review

l  Economic Viewpoint: BNM MPC Meeting, Money Supply and Loans

 

NEWS HIGHLIGHTS

l  Uzma enters Into JV with Sabah Air Aviation (Comment included in Kenanga Today)

l  HLI posts 11.7% net loss in Q2

l  I-Bhd profit soars over 1,000.0%

l  BHIC Gets RM32.4m Contract From Defence Ministry

l  EGM paves the way for IJM to be Scomi's largest shareholder

l  MPCorp ordered to pay RM113.0m

l  Nur Jazlan join hands with Azim Zabidi for control of Patimas

FOREIGN NEWS HIGHLIGHTS

l  Third Point sells 11.0m Yahoo shares to maintain stake level

l  Permira, KKR to work with JPMorgan on ProSiebenSat.1 exit

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Thai January Inflation Eases From A Year High

l  Japan Factory Output Up, Firms Expect Recovery

l  China Manufacturing Growth In Slowdown

l  China’s Services Industries Expand As Retailing Aids Recovery

l  China Reports Record Capital-Financial Account Gap For 2012

USA

l  Payroll Gains In Recent Months Show Progress In U.S. Jobs Market

l  Treasury Yields Rise To Highest Since April As U.S. Adds Jobs

l  US Consumer Sentiment Gains On Fiscal Deal Optimism

l  US Manufacturing Growth Picks Up; Construction Spending Rises

Europe

l  Eurozone Manufacturing 'On Course' For Return To Growth

l  Euro Zone Inflation Nears ECB Goal, Record Joblessness

l  UK Manufacturing Activity Edges Higher In January

Currencies

l  Euro Surges Against Dollar After Jobs Data

Commodities

l  Brent Crude Jumps, Premium Over US Crude Widens

l  Gold Lifted By Us Payrolls Data, Posts Weekly Gain