Monday, May 6, 2013

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
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