Thursday, April 18, 2013

News Bits | 18 April 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Company Update: TM
l  Quick Bites: KPJ
l  On Our Radar: PIE
l  On Our Technical Watch: CENBOND, SUPERMX
l  Economic Viewpoint: Malaysia Inflation Rate March ‘13
NEWS HIGHLIGHTS
l  Zhulian 1QFY13 up 5.0% on higher investment profit
l  MUI Prop units sell stake in George Kent
l  MARC downgrades Perwaja Steel's RM400.0m Islamic debt rating
l  BAT expects good performance in 2013, with right strategies
l  Paramount to acquire more land
l  Ekovest plans new development projects worth RM2.0b
l  AirAsia Indonesia to go public in fourth quarter of 2013
FOREIGN NEWS HIGHLIGHTS
l  Dish's USD25.5b Sprint bid may force others to act
l  EBay’s sales miss estimate as PayPal revenue growth slows
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l  Inflation For March Edged Up To 1.6% YoY
l  Rubber Sector Contributes Rm36bil To Country’s Exports
Asia
l  Fund Managers Say Goodbye China, Hello Japan
USA
l  Fed Says ‘Moderate’ Growth Across U.S. Was Led By Housing
Europe
l  European Car Sales Fall Again In March
l  IMF Sees Some Corporate Debt Unsustainable In Parts Of EU
l  UK Unemployment Rises To 2.56 Million
l  Russian Economic Growth Slows Sharply
Currencies
l  U.S. Dollar Rises As Traders Seek Safe Haven
Commodities
l  Brent Slips Further Below $100
l  Gold Up On Physical Buying But Seen Vulnerable