News Bits | 25 April 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: REDTONE, UNISEM

l  On Our Radar: UNIMECH

l  On Our Portfolio: Average Down Our HOVID Investment Cost

l  On Our Technical Watch: PWROOT, SBCCORP

 

NEWS HIGHLIGHTS

l  NCB Holdings net profit lower

l  Pavilion REIT 1Q profit up 14.0% to RM54.0m

l  Tambun Indah 1Q profit rises 28.0% to RM11.7m

l  Industronics buys stake in SEHB

l  Technodex unit wins 2 contracts worth RM7.4m

l  KNM gets court order to restrain winding-up petition

l  Petronas Dagangan's RM700.0m strategy for Malaysia, Philippines

l  Carlsberg Malaysia to have new CEO from July

FOREIGN NEWS HIGHLIGHTS

l  Google buys Wavii for USD30.0m, mirroring Yahoo's deal

l  Akamai soars as first-quarter profit tops analyst estimates

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Australia To Buy Chinese Government Debt

l  Australia Consumer Prices Rose Less Than Forecast

USA

l  Manufacturing In U.S. Cools As Durables Orders Slump

Europe

l  German Business Confidence Falls For Second Month In Row

l  Bank Of England Extends Funding For Lending Scheme

l  Belgian Business Confidence Rebounds On Manufacturing Industry

Currencies

l  Euro Trades At $1.30 On Rate-Cut Speculation

Commodities

l  Brent Jumps Nearly 2 Pct; U.S. Gasoline Stocks Decline

l  Gold Rises On Physical Buying, Outlook Cautious