IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
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Company
Update: GAMUDA, REDTONE
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Quick
Bites: MPHB
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On
Our Radar: DELEUM
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On
Our Technical Watch: KIANJOO, PUNCAK
NEWS HIGHLIGHTS
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MSM
Malaysia
1Q profit drops 6.7% on lower domestic sales
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United
Plantations 1Q profit falls 11.0%
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Scomi
awarded Turkmenistan contract worth RM98.5m
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Puncak
Niaga to issue warrants, raise RM165.0m Sukuk
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I-Bhd , Thailand 's
Central Pattana to build shopping mall in
iCity
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Malton
sells 20-storey commercial building for RM140.0m
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MMC
to spend RM2.0b plan to upgrade ports
FOREIGN NEWS HIGHLIGHTS
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Icahn,
Southeastern reveal board nominees as Dell seeks more info
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Take-Two
profit beats estimates on ‘BioShock’ game
ECONOMIC
NEWS HIGHLIGHTS (MACRO BITS)
l China’s Investment Slows As Production Trails
Estimates
l Retail Sales Gain Shows Resilient American Consumer
l US Business Inventories Flat Again, Miss Forecast. U.S
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