News Bits | 11 June 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)                                                                                        

l  Sector Update: Plantation

l  Company Update: STAR

l  Quick Bites: YINSON

l  On Our Radar: GLOMAC

l  On Our Technical Watch: PUNCAK, SCOMI

 

NEWS HIGHLIGHTS

l  HK’s Tencent, Patimas in equity partnership for Malaysia data center

l  Paramount 2013 earnings to slow, to pick up in 2014

l  Protasco bags RM50m contract from Desaru Development

l  Tanjung said to be buying controlling stake in foreign firm in RM1.0b deal

l  Maxis streamlines structure

l  AirAsia X to raise up to RM1.3b

l  Petronas calls for Rapid tender

FOREIGN NEWS HIGHLIGHTS

l  Texas Instruments forecasts miss analysts’ estimates

l  EU regulators to clear Delta, Virgin deal unconditionally

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Japan Growth Data Revision Adds To Recovery Hopes

USA

l  Standard And Poor’s Lifts US Credit Outlook

l  Treasuries Retreat With U.S. Stocks As Commodities Drop

l  Surge In Commercial Lending Raises Bubble Worries

Europe

l  Italian Economy Contracts As French Confidence Stalls

l  France Economy Picks Up As Italy's Decline Deepens

l  Sweden Industrial Output Declines As Domestic Demand Falters

Currencies

l  Dollar Gains Vs. Yen Ahead Of BoJ Decision

Commodities

l  Brent Slips Toward $104, Weak China Data Hurts Demand View

l  Gold Up Slightly After S&P Raises U.S. Credit Outlook