Thursday, May 9, 2013

News Bits | 9 May 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Results Note: PERISAI, PPB - WILMAR
l  On Our Radar: PWROOT
l  On Our Technical Watch: DIALOG, SCOMI
l  Economic Viewpoint: Malaysia Trade March '13
 
NEWS HIGHLIGHTS
l  AirAsia X to issue 592.6m new shares under IPO
l  Matrix Concept to raise RM137.5m from IPO
l  KKB Engineering 1Q net profit rose to RM11.4m
l  Lysaght Galvanized Steel net profit jumped to RM11.1m
l  F&N to maintain market share, boost brand name
l  MAHB eyes 10.0-15.0% sales rise this year
l  Hock Lok Siew not to appeal against de-listing
l  Tan Chong to launch Nissan Leaf in Q3
FOREIGN NEWS HIGHLIGHTS
l  ING prepares European insurance arm for listing in 2014
l  Electronic Arts gains after forecast tops estimates
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l  Exports In March Declined By 2.9%
l  Govt 10-Year Bonds Head For Longest Winning Streak In 3 Weeks
l  Bank Negara's international reserves at RM433bil
Asia
l  China Trade Growth Accelerates Beating Forecasts
USA
l  Productivity Cooling As Gains From Tech Boom Fade
l  US Mortgage Applications Jump As Rates Fall
Europe
l  German Industrial Output Rises
l  Poland Cuts Interest Rates To Record Amid Lack Of Recovery
l  Euro Area Economic Situation Worsens: Ifo
Currencies
l  Dollar Drops On German Industrial Data
Commodities
l  Brent Turns Lower, U.S. Crude Initially Holds Gains After EIAs
l  Gold Up Over 1 Pct On Dollar Drop, Physical Demand
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