News Bits | 10 May 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  IPO Notes: MATRIX

l  Sector Update: Oil and Gas

l  Results Note: HLBANK, MAXIS

l  Company Update: ECS

l  On Our Technical Watch: BOILERM

l  Economic Viewpoint: BNM MPC meeting, Industrial Production March ’13

 

NEWS HIGHLIGHTS

l  Quill Capita 1Q pretax profit flat, at RM8.11m

l  CIMB Group resumes proposed dual listing in Thailand

l  DiGi.Com still exploring business trust

l  IOI Corp shares suspended for corporate announcement

l  Manulife and Metlife bid for AMMB unit

l  Malaysia's biggest ever REIT jumps 3.9% on debut

l  MyEG closing in on Customs deal

FOREIGN NEWS HIGHLIGHTS

l  Fannie Mae to send USD59.4b to U.S. Treasury

l  Tesla surges after posting profit; value exceeds Fiat’s

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  G7 Finance Ministers To Discuss Banking Reforms

Malaysia

l  OPR Remains Pat At 3.00%

l  IPI In March Declined By -0.2% YoY

Asia Pacific

l  Bank Of Korea Cuts Interest Rates To Spur Economy

l  China Subdued Inflation Gives Room To Raise Utility Costs

l  China April Passenger-Vehicle Sales Rise 13% On New Models

l  Australia Employment Surges In April, Jobless Drops

USA

l  Jobless Claims In U.S. Unexpectedly Fall To Five-Year Low

l  Wholesale Sales Plunge Most Since March 2009

Europe

l  Bank Of England Keeps Interest Rates And QE Unchanged

l  UK Industrial Output Beats Forecasts, Official Figures Show

l  Slovenia Unveils Reforms As It Seeks To Avoid EU Bailout

Currencies

l  Dollar Soars Above 100 Yen

Commodities

l  Brent Oil Closes Higher After Late Gains

l  Gold Down 1 Pct On Broad Dollar Rally