Tuesday, May 7, 2013

News Bits | 7 May 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Sector Update: Property Developers & M-REITs, Technology
l  Quick Bites: DAYANG
l  On Our Radar: DAIBOCI
l  On Our Technical Watch: SKPETRO, SPSETIA
 
NEWS HIGHLIGHTS
l  Sabah Ports to invest RM229.0m
l  TH Heavy to raise RM41.8m via private placement
l  EA Holdings to acquire 25.0% in Plant Offshore
l  Batu Kawan plans Islamic debt programme
l  Destini unit gets RM3.0m job award
l  Global Carriers shares to be suspended
FOREIGN NEWS HIGHLIGHTS
l  BMC to go private in USD6.9b deal led by Bain, Golden Gate
l  Vornado Had USD98.8m of Quarterly J.C. Penney Losses
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l  Indonesian Growth At Slowest Pace In Two Years
l  China Services Sector Grows At Slowest Pace In Nearly 2 Years
USA
l  Fed Loan Officer Survey Says Business Loans Lead Credit Thaw
Europe
l  Draghi Says ECB Ready To Cut Interest Rates Again If Needed
l  Eurozone Retail Sales Fall For Second Consecutive Month
l  Euro Zone Business Downturn Points To Deeper Recession
l  Greece: IMF Hails Economic 'Progress' But Warns On Tax Evasion
Currencies
l  Ringgit Closes At 10-Month High
l  Dollar Gains Vs. Yen; Euro Falls Below $1.31
Commodities
l  Brent Touches One Month High Above $105 As Israel Strikes Syria
l  Gold Eases In Low Volume, ETF Outflows In Focus