News Bits | 15 April 2013

IDEAS OF THE DAY

l        Initiating Coverage: KPJ

l        Quick Bites: SIME

l        On Our Portfolio: A New Record High Week

l        On Our Technical Watch: Weekly Technical

 

NEWS HIGHLIGHTS

l        Hock Seng Lee secures RM81.0m worth of projects

l        Bina Puri to place out a third of share base

l        CIMB Aviva acquisition completed

l        Two Kamdar shareholders withdraw EGM notice

l        PNB funds may accept Petronas offer

l        Plenitude plans 5 projects with GDV of RM1.3b

l        Emas Kiara offer deemed not fair, not reasonable

FOREIGN NEWS HIGHLIGHTS

l        Thermo Fisher nears USD13.0b Life Tech deal

l        Wind Picks Huawei for USD1.3b Italy Mobile Network

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l        Pahang Expects RM20bil Investments Over Next Three Years

Asia

l        Singapore Sticks To Monetary Policy Despite GDP Contraction

l        ADB: Fuel Subsidy Threat To Indonesia’s GDP

l        U.S. Urges Japan To Refrain From Competitive Yen Devalue

USA

l        US Retail Sales See Fall In March

l        Consumer Sentiment Tumbles, More Unemployment Expected

Europe

l        Portugal And Ireland To Be Given More Bailout Repayment Time

Currencies

l        Weak U.S. Retail Sales Prompt Small Yen Comeback

Commodities

l        Brent Oil Hits 9-Month Low Near $101, Bounces On Spread Trade

l        Gold Falls Into Bear Market Territory