Friday, April 19, 2013

News Bits | 19 April 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Sector Update: Automotive
l  Results Note: AEONCR, BURSA, TENAGA
l  Quick Bites: FGV, GAMUDA, MMCCORP
l  On Our Technical Watch: ASUPREM
l  Economic Viewpoint: The Gold crash - A sign of recovery and subsiding inflationary fears?
 
NEWS HIGHLIGHTS
l  Tenaga, Formis, YTL Power short-listed to tender for RM8.0b coal-fired power plant
l  Ekovest to bid for  more Iskandar jobs
l  PNSB clears air over Dijaya land deal
l  Hektar plans RM19.0m capex to refurbish Kedah malls
l  Ken Holdings, with RM2.0b order book, sees better performance
l  Matrix Concepts to launch RM680.0m projects in Negeri, Johor
FOREIGN NEWS HIGHLIGHTS
l  Dish makes national security argument for Sprint offer
l  IBM said to be in talks to sell low-end server unit to Lenovo
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l  Japanese Exports Exceed Estimates As Yen’s Slide Aids Sales
l  Foreign Appetite For Japan Shares Highest Since 2005
l  China January To March FDI At $29.9 Billion, Up 1.44% Year-On-Year
l  China March Home Prices Rise For Third Month
USA
l  Jobless Claims Little Changed As U.S. Job Market Stabilizes
l  Leading Index’s Drop Points To Slower U.S. Growth
l  Consumer Comfort In U.S. Reaches Five-Year High As Finances Heal
Europe
l  German Parliament Backs Cyprus Bailout
l  U.K. Retail Sales Drop More Than Forecast On Weather
Currencies
l  Dollar Slips After Weak U.S. Economic Data
Commodities
l  Oil Bounces Back After Six-Day Sell-Off
l  Gold Up In Roller-Coaster Trade, Sentiment Stays Uneasy