News Bits | 6 May 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Market Strategy: Post GE Investment Strategy

l  Sector Update: Rubber Glove

l  Results Note: MBSB

l  On Our Portfolio: GE13 Settled, the Business Goes On

l  Economic Viewpoint: Malaysia 13th General Election

 

NEWS HIGHLIGHTS

l  Texchem reverses losses, 1Q net profit at RM168,000

l  Kejuruteraan Samudra Timur wins contract from Petronas Carigali

l  AmanahRaya REIT dispose of building

l  Hiap Teck secures RM142.0m govt funding for Kemaman blast furnace

l  Bintulu Port expects higher revenue on improved cargo throughput

l  Global Oriental in RM860.0m property tie-up

FOREIGN NEWS HIGHLIGHTS

l  Glencore woos investors with promise of aggressive cuts

l  BMC said to be close to be taken private by Bain, Golden Gate

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Malaysia's Ruling Coalition Wins Re-Election

Asia

l  Philippines No To Capital Controls, For Now

l  India Cuts Interest Rates For Third Time This Year

USA

l  US Economy Adds 165,000 Jobs In April

Europe

l  Portugal Aims To Cut 30,000 Civil Service Jobs

Currencies

l  Bank Indonesia Intervenes To Support Rupiah

l  Dollar Gains 1% Against Yen On Jobs Data

Commodities

l  Brent Climbs Towards $104, U.S. Jobs Eyed

l  Gold Flat After U.S. Jobs Data, Up Slightly For Week