News Bits | 2 April 2013

IDEAS OF THE DAY

l  Sector Update: Banking

l  On Our Radar: Monthly Tracker Review

l  On Our Technical Watch: SAPRES, SPB

 

NEWS HIGHLIGHTS

l  JAKS buys 51.0% of MHH, gains access into RM940.0m property job

l  KUB unit gets Telekom contract worth RM16.5m

l  Dialog Axiata gets nod for RM1.2b sukuk

l  PetDag to issue special dividend of 35 sen

l  BToto declares eight sen interim dividend

l  BIMB rewards shareholders with 5 sen dividend per share

l  Digistar rights issue oversubscribed

 

FOREIGN NEWS HIGHLIGHTS

l  Nasdaq to buy eSpeed platform for USD750.0m

l  Exxon developing excavation plan for pipeline spill in Arkansas

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  M'sia, S'pore And Thai Regulators Implement Standards For Multi-Jurisdiction Offerings

Asia

l  Asia Manufacturing Rises

l  Japan Auto Sales Fall On End Of Subsidies As Korea Extends Slump

l  South Korea Offers Tax Breaks To Revive Flagging Home Sales

l  China Home Prices Pick Up In March

l  Indonesian Inflation Hits 2-Year High

USA

l  Manufacturing Cools In U.S. As Government Cuts Loom

Europe

l  UK Financial Regulation Overhauled

l  Cyprus Seeks More Time To Meet Targets In Talks With Troika

l  Cyprus Crisis: Moscow Will Not Bail Out Russian Savers

l  Greece To Extend Bank Recapitalization Deadline

Middle East

l  Tunisia Expects $1.8 Billion IMF Accord By May

Currencies

l  Dollar Extends Losses After Weak ISM Data

Commodities

l  Brent Higher In Choppy Trading, U.S. Crude Slips

l  Gold Rises On China PMI Data; Flirts With $1,600