News Bits | 24 April 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: BAT, DIGI, PBBANK

l  Quick Bites: CENSOF, COASTAL, KIMLUN, PERDANA, UMW

l  On Our Technical Watch: INARI, OLDTOWN

 

NEWS HIGHLIGHTS

l  TRIplc 1QFY13 net profit 35 times higher to RM8.4m

l  Spritzer 3Q net profit up 35.0% at RM5.0m

l  Pensonic nets RM34,000 for 3Q

l  SapuraKencana gets green light to acquire Seadrill rig business

l  Tradewinds gets nod for privatisation

l  4G LTE to boost Celcom Axiata revenue by end-2014

l  HELP International expects revenue to rise 10.0%

FOREIGN NEWS HIGHLIGHTS

l  FedEx signs new USD10.5b contract with USPS

l  Panera Bread falls after cutting 2013 same-store sales forecast

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  China Manufacturing Activity Growth Slows In April

l  Asia-Pacific countries set to start free trade talks

USA

l  Sales Of New Homes In U.S. Climb 1.5% To 417,000 Rate

l  US Manufacturing Growth Worst In Six Months

Europe

l  Spain’s Recession Eases As Rajoy Prepares Growth Plan

l  German Economic Indexes Show Unexpected Decline

l  Euro-Area April Manufacturing, Services Contract

l  Government Bonds Surge As Italian, Irish Yields Drop To Records

l  UK Government Borrowing Sees Slight Dip

l  Hungary Cuts Main Rate To Record As Matolcsy Targets Growth

Currencies

l  Euro Drops After Weak Global PMI Data

Commodities

l  Oil Hovers Above $100 As Chinese, German Data Disappoint

l  Gold Down On Stronger Dollar, ETFs Outflows