IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
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Results
Note: GENS
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Company
Update: AXIATA, HARTA, MHB
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On
Our Technical Watch: MAYBULK
NEWS HIGHLIGHTS
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Suria
Capital Q1 net profit slips to RM11.5m
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Lu xchem 1Q profit drops 29.0% on costlier raw material
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Daya
Materials JV secures RM198.0m Malaysian navy contract
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Aircel
lenders mull equity infusion from Maxis
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Nestle
allocates RM200.0m as capex
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Gadang
buys 60.0% of Ikhwan
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Hock
Lok Siew to be suspended, delisted
FOREIGN NEWS HIGHLIGHTS
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Monster
Worldwide to buy back shares if sale doesn't go through
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Apple
avoids USD9.2b in taxes with debt deal
ECONOMIC
NEWS HIGHLIGHTS (MACRO BITS)
Global
l Global Manufacturing Barely Grows In
April: PMI
l Philippines Overtakes Indonesia
l RBI Says Consumer Inflation, Trade Gap
Constrain Policy Scope
l Jobless Claims Fall Sharply To Five-Year
Low
l Americans Most Upbeat In Five Years As
Firings Slow
l Trade Deficit In U.S.
l Treasury 10-Year Yield At Almost Year’s
Low
l Fed Open To Expanding QE As It Counters
Talk Of Tapering
l Bank Of Canada
l ECB's Draghi 'Ready To Act If Needed'
l Euro Zone Factory Downturn Deepens In
April
Currencies
l Euro Falls 1% After ECB Cuts Interest
Rates
Commodities
l Up Broadly After ECB Rate Cut; Brent Oil
Above $100
l Gold Up After ECB Rate Cut But Physical Demand Slows
Kenanga Coverage Rating Summary - (Please refer to the attached)