IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
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Initiating
Coverage: DAYANG
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Results
Note: CIMB Niaga, MPI
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On
Our Radar: SPRITZR
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On
Our Technical Watch: PESTECH, MFLOUR
NEWS
HIGHLIGHTS
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Tasek
Corp 1Q profit falls 12.8% on intense competition
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Southern
Steel turns around in 3Q with RM18.3m profit
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Chin
Teck 2Q profit plunges 94.0% to RM535,000
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PLB
Engineering 2Q posts 182.0% jump in profit
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BTM’s
unit sells boiler for RM4.2m
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Sunway
subsidiary awarded RM222.0m contract
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Ninian
Lourdenadin set to complete MBf buyout
FOREIGN NEWS HIGHLIGHTS
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Sprint
seeks details from Dish on takeover proposal
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ANZ
Bank first-half cash profit rises 10.0% as expenses drop
ECONOMIC
NEWS HIGHLIGHTS (MACRO BITS)
l Zeti: Malaysia
l Malaysia
l 62% Of Businesses In M’sia Find It Hard To Source
Skilled Workers
l IMF Flags Risk Of "Middle-Income Trap" In
Emerging Asia
l IMF Warns Over Strong Capital Inflows Into Asia
l US Consumer Spending In March Beats Forecasts
l Pending Sales Of Existing Homes In U.S.
l U.S.
l Eurozone Economic Sentiment Hits 4-Month Low In April
l German Inflation Rate Plunges To Lowest In More Than
Two Years
l Italy
l Greece Passes Reform Law To Unlock More EU/IMF Rescue
Loans
Currencies
l Dollar Loses More Steam After Weak Data
Commodities
l Brent Slips Under $103 On Murky Global Economic
Outlook
l Gold Up On Cenbank Stimulus Hopes, Eyes Fed Meeting