News Bits | 21 March 2013

IDEAS OF THE DAY

l  Sector Update: Telecommunication

l  On Our Radar: GCB

l  On Our Technical Watch: MULPHA, SUNWAY

l  Economic Viewpoint: CPI Feb ’13, BNM Annual Report

 

NEWS HIGHLIGHTS

l  MRCB gets letter of intent for KVDT job

l  Lower minority interests lift Glomac 3Q profit

l  E&O partners Japan’s largest developer to develop The MEWS in KL

l  Pintaras bags RM30.0m contract from Metbuild

l  Willowglen bags RM15.3m contracts

l  Notion VTec to spend RM10.0m for expansion

l  Green light for Malakoff IPO

FOREIGN NEWS HIGHLIGHTS

l  American Realty Capital offers to buy Cole Credit trust

l  Lennar earnings beat estimates as housing recovery broadens

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  BNM: Malaysia To Grow 5.0% - 6.0% in 2013

l  Inflation Rate In The Month Of February Registered At 1.5% YoY

Asia Pacific

l  Rebound In Taiwan Exports

l  N.Z. Grows At Fastest Pace In 3 Years On Christchurch Work

USA

l  Fed Holds Firm To Stimulus Plan Despite Brighter Economy

l  Fed Officials Trim Forecasts For 2013, 2014 Jobless Rate

Europe

l  UK Unemployment Rises To 2.52m

l  UK Budget 2013: Economic Growth Forecast For 2013 Halved

l  Cyprus Government 'To Present Bailout Plan B On Thursday'

l  Italian President Seeks Way Out Of Political Stalemate

Currencies

l  Dollar Holds To Losses After Fed Policy Statement

Commodities

l  Brent Crude Oil Rises To $108 From 3-Month Low

l  Gold Slips After Fed Maintains Policy, Euro Rise Supports