News Bits | 30 May 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)                                                                                        

l  Results Note: ANNJOO, AMWAY, BENALEC, CARLSBG, GENP, FGV, MAS, MBMR, MEDIAC, OLDTOWN, PUNCAK, RHBCAP, SAM, WASEONG

l  Quick Bites: MAHSING, REDTONE

l  On Our Radar: FIBON

l  On Our Technical Watch: MBSB, PENERGY

 

NEWS HIGHLIGHTS

l  Tradewinds Corp Q1 net profit falls 56.0% to RM5.8m

l  WTK 1Q profit rises 1.3% with non-timber division's support

l  Press Metal 1Q profit up 11.6% to RM25.2m

l  Can-One Q1 net profit slumps 80.0% on one-off gains

l  Maybulk 1Q profit falls 71.0% to RM9m

l  Petra Energy awarded HUC job by Petronas Carigali

l  PJI Holdings gets RM32.0m MRT contract

FOREIGN NEWS HIGHLIGHTS

l  Fiat said to ready USD10.0b in financing for Chrysler

l  Dish tops rival Sprint's bid for Clearwire

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  OECD Forecasts Global Economy To Recover Next Year

Malaysia

l  Malaysia Remains In Top 15 Competitive Nations

Asia

l  Thailand Cuts Rate First Time This Year As Growth Slows

l  China's Growth Forecast Cut By IMF

l  South Korea April Current-Account Surplus Falls

Americas

l  Mortgage Rates Surge As Fed Tapering Fears Mount

l  Doubts Cloud Brazil Outlook After Disappointing First Quarter

Europe

l  German Unemployment Rises In May

l  OECD Cuts Eurozone Growth Forecasts

l  European Countries To Be Allowed To Ease Austerity

l  UK Retail Sales Fell Sharply In May, CBI Says

Currencies

l  U.S. Dollar Drops Sharply Versus Euro, Yen

Commodities

l  Oil Slides With Wall Street And On Energy Demand Worry

l  Gold Rises 1 Pct On Physical Demand, Drop In Equities