Wednesday, May 22, 2013

News Bits | 22 May 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Results Note: AFG, CIMB, DIJACOR, IOICORP, KIANJOO, MHB, SEB, SENDAI
l  Quick Bites: DAYANG
l  On Our Technical Watch: L&G, WTK
 
NEWS HIGHLIGHTS
l  Bumi Armada's earnings up 22.0% to RM109.67m
l  JT International 1Q profit rises 5.0% but revenue falls
l  MK Land nets RM13.4m in 3Q
l  Green Packet 1Q loss widens despite bigger revenue
l  Prestar Resources 1Q profit grows six-fold
l  Suria Capital, SBC to develop KK Port area
l  Protasco bags RM37.0m Kedah road works
FOREIGN NEWS HIGHLIGHTS
l  Sprint raises Clearwire offer, not enough for some
l  Victory for Dimon as JPMorgan shareholders reject CEO-Chairman split
 
Kenanga Coverage Rating Summary - (Please refer to the attached)