News Bits | 26 April 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: PANTECH

l  Quick Bites: PCHEM

l  On Our Technical Watch: TOMYPAK

 

NEWS HIGHLIGHTS

l  Maybank’s BII Q1 net profit rises 16.0%

l  Country View 1Q profit more than double to RM17.2m

l  Daibochi posts highest quarterly net profit of RM7.1m

l  Pintaras Jaya wins RM36.0m contract

l  Bright Packaging revokes 100% dividend payout

l  MAS seeks code-share with British Airways, Latam Airlines

l  Lion Industries shares bought at hefty premium

FOREIGN NEWS HIGHLIGHTS

l  BB Seguridade raises USD4.25b in world’s biggest 2013 IPO

l  Soros reports 7.9% stake in Penney, shares rise

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  South Korea Economic Growth Hits Two-Year High

l  Japan Investors Keep Repatriating Foreign Assets

l  China’s First-Quarter Capital-Financial Account Surplus Surges

USA

l  Jobless Claims Fall, Labor Market Recovery Advances

Europe

l  UK Economy Avoids Triple-Dip Recession

l  Spain Unemployment Hits Record High

Currencies

l  U.S. Dollar Drops; Pound Gains 1% After GDP Report

Commodities

l  Oil Gains On Syria, Commods Rally; Brent Premium Under $10

l  Gold Jumps 2.5 % For Biggest One-Day Gain Since June