IDEAS OF THE
DAY (SEE SEPARATE REPORTS FOR DETAILS)
l Quick Bites: DRBHCOM
l On Our Portfolio: Market Sentiment Remains Fragile
l On Our Technical Watch: Weekly Technical
NEWS HIGHLIGHTS
l FGVH ready for M&As with RM6.2b cash pile
l Kossan to increase capacity to 22.0b gloves yearly by
2014
l Starhill REIT plans to raise up to RM800.0m
l Ireka major shareholders to privatise builder
l CB Industrial Product awarded contract
l IOI Properties expects at least RM2.5b revenue
annually
l Ranhill RM1.0b IPO likely on June 28
FOREIGN NEWS HIGHLIGHTS
l Pratt sees deal for F-35 engines in next 30 days
l Airbus said to win A380 order over USD4.0b from Doric
Asset
ECONOMIC NEWS
HIGHLIGHTS (MACRO BITS)
Asia
l Japan Approves Growth Steps, Promises to Do More After
Polls
USA
l Industrial Output In U.S. Unchanged As Utility Use
Drops
l Treasuries End Longest Losing Streak In 4 Years As Fed
Best Ebb
l Consumer Mood Comes Down From May Highs
l U.S. Net Outflow of Long-Term Securities Rises to
$37.3 Billion
l IMF: US Budget Cuts ‘Ill-Designed’
Europe
l ECB Urged To Set Up Cheap Funding Scheme
l Merkel Tells Young Europeans To Move To Find Work
Currencies
l Dollar Posts Fourth Weekly Loss Against Yen
Commodities
l Brent Slips From Near $105 on ample U.S. Inventory,
Weak Outlook
l Gold Posts Weekly Gain On Physical Demand, Weak
S&P