News Bits | 4 April 2013

IDEAS OF THE DAY

l  Market Strategy: 2Q13 Half-Time Review

l  Sector Update: Technology

l  Quick Bites: MAHSING, SKPETRO

l  On Our Radar: TOMEI

l  On Our Technical Watch: DUTALND, PUNCAK

 

NEWS HIGHLIGHTS

l  Icon Offshore gets RM90.0m contracts

l  CI Holdings finds core business

l  Seal buys RM41.0m worth of tracts in Kedah

l  AirAsia X looks forward to moving its ops to new airport

l  CLIQ Energy’s IPO oversubscribed by 7.34 times

l  Pharmaniaga eyes rise in contribution

l  ECS to work with IBM on smartCloud

FOREIGN NEWS HIGHLIGHTS

l  British Airways parent IAG, Boeing reach deal on 18 Dreamliners

l  Lululemon product chief to step down after pants recall

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Najib Announces Dissolution – Finally

l  Bank Negara Ties Up With Brunei

Asia Pacific

l  Singapore's Lee Urges Us To Pursue Trade Ties With ASEAN

l  Thailand Holds Policy Rate Even As Kittiratt Pushes For Cut

l  Japan Service Sector Sentiment Improves In February

l  South Korea Top Exporters Already Hit By Weak Yen

l  Construction Drives China March Services PMI Higher

l  China Flags Risks Of Weakening Yen

l  PM Manmohan Singh: India Economic Downturn Temporary

l  Australia Trade Deficit Shrinks To 14-Month Low In February

USA

l  Slowing Service Industries Point To Cooler U.S. Growth

l  ADP: Private Sector Job Growth Slowed In March

Europe

l  Euro-Area March Inflation Slows Less Than Estimated

l  German March Car Sales Drop 17% On Europe Economy Concern

l  Cyprus Rescue Plan Will Require Great Efforts, IMF Says

Middle East

l  IMF And Egypt Discuss $4.8bn Loan

Currencies

l  U.S. Dollar Drops Against Yen, Other Rivals

Commodities

l  Crude Drops Below $97 On Stock Buildup, Pipeline Worries

l  Gold Hits 9-Month Low As Crude And Equities Slump