Thursday, May 23, 2013

News Bits | 23 May 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Results Note: AEON, AIRASIA, AXIATA, BSTEAD, CENSOF, CRESBLD, DAYANG, HUAYANG, JCY, KLK, KPJ, QL, STAR, WCT, UZMA
l  Company Update: SENDAI
l  On Our Radar: LBS
l  On Our Technical Watch: CRESNDO, P&O
l  Economic Viewpoint: April’13 CPI
 
NEWS HIGHLIGHTS
l  Yinson proposes private placement (Comment included in Kenanga Today)
l  Kulim 1Q profit grows 403.0% yoy after KFC, QSR sale
l  Cahya Mata Sarawak 1Q profit falls 8.4% to RM28.7m
l  Paramount 1Q profit rise 10.0% to RM14.7m
l  Deleum's earnings down 31.0% to RM6.8m
l  PetChem allocates RM3.0b for capital expenditure
l  Genetec secures new orders worth RM44.3m
FOREIGN NEWS HIGHLIGHTS
l  Pfizer to spin off Zoetis stake to shareholders
l  Sony Board discussing Loeb’s entertainment IPO proposal