IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
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Results
Note: DIALOG, GASMIA, TCHONG, UOADEV
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Quick
Bites: ASTRO
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On
Our Radar: GADANG
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On
Our Technical Watch: JCY, GBGAQRS
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Economic
Viewpoint: 1Q13 GDP, BOP
NEWS HIGHLIGHTS
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Pharmaniaga
posts 1Q profit vs loss in 4QFY12
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ABM
Automotive 1Q profit falls 14.0% on competitive OEM pricing
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Shell
Refining Co posts loss in Q1
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Tomei
hopes bigger profit for FY13, after gold price plunge
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BIMB
to deliberate on Bank Islam stake by end-May
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San
Miguel: Sale of
BoC to CIMB at last stage
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Skali
Group positive on bid for TIME Engineering
FOREIGN NEWS HIGHLIGHTS
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Chevron
agrees terms of Argentina
shale investment
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Tesla
seeks to raise USD830.0m to speed U.S. repayment
ECONOMIC
NEWS HIGHLIGHTS (MACRO BITS)
l 1Q13 GDP moderated to 4.1%
l Zeti: Govt Can Rationalise Subsidies Gradually
l BOJ To Pump US$27b Into Money Mart
l Production Falls
As U.S.
Feels Global Weakness
l Homebuilder Confidence In U.S.
Climbs As Outlook Improves
l Foreign Demand For U.S. Financial Assets Declined In
March
l CBO Slashes 2013 Deficit Projection To
$642 Billion
l Canadian Factory Sales Record Third Drop
In Four Months
l Eurozone Recession Continues Into Sixth
Quarter
l French Economy Returns To Recession
l UK Unemployment Rises To 2.52 Mil
l King Declares U.K. Recovery Is In Sight As
Outlook Raised
Currencies
l Dollar Holds Broad Gains After U.S.
Data
Commodities
l Oil Gains $1 On U.S. Equity Rally
l Gold Slips Below $1,400, Down 2 Pct On Eco