Tuesday, May 14, 2013

News Bits | 14 May 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Company Update: GAMUDA, REDTONE
l  Quick Bites: MPHB
l  On Our Radar: DELEUM
l  On Our Technical Watch: KIANJOO, PUNCAK
 
NEWS HIGHLIGHTS
l  MSM Malaysia 1Q profit drops 6.7% on lower domestic sales
l  United Plantations 1Q profit falls 11.0%
l  Scomi awarded Turkmenistan contract worth RM98.5m
l  Puncak Niaga to issue warrants, raise RM165.0m Sukuk
l  I-Bhd, Thailand's Central Pattana to build shopping mall in iCity
l  Malton sells 20-storey commercial building for RM140.0m
l  MMC to spend RM2.0b plan to upgrade ports
FOREIGN NEWS HIGHLIGHTS
l  Icahn, Southeastern reveal board nominees as Dell seeks more info
l  Take-Two profit beats estimates on ‘BioShock’ game
 
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l  China’s Investment Slows As Production Trails Estimates
USA
l  Retail Sales Gain Shows Resilient American Consumer
l  US Business Inventories Flat Again, Miss Forecast. U.S
Europe
l  Cyprus Receives EU-IMF Bailout Funds
l  UK Businesses See Brighter Economic Prospects
Currencies
l  Dollar Mostly Higher, But Edges Back From Yen High
Commodities
l  Brent Slips Towards $103 On Demand Growth Worries, Stronger Dollar
l  Gold Down 1 Pct On Fund Outflows, Economic Hopes