Wednesday, June 19, 2013

News Bits | 19 June 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Sector Update: Media, Construction & Property (KVMRT2)
l  Results Note: BJTOTO
l  Quick Bites: AIRPORT, ASIABRN
l  On Our Technical Watch: AFFIN, HUAYANG
 
NEWS HIGHLIGHTS
l  MAHB sets May 2, 2014 as KLIA2 revised opening date
l  MHB has placed bids worth RM4.0b this year
l  Mudajaya scouts for regional power plants to boost recurring income
l  Aeon Credit Services to expand fee business
l  Hibiscus Petroleum unit gets USD10.0m investment
l  ECM Libra 1Q profit falls 51.0% to RM2.9m
FOREIGN NEWS HIGHLIGHTS
l  Icahn seeks Dell share buyback, buys Southeastern stock
l  Verizon says it’s considering deal for Canada’s Wind Mobile
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Global
l  G8 Leaders Agree Tax Evasion Measures
Malaysia
l  M’sia-Australia FTA To Help Expand Bilateral Trade
l  Vehicle Sales Down For 2nd Consecutive Month
Asia
l  China Home-Price Gains Add To Dilemma On Cash Crunch
USA
l  Consumer Prices In U.S. Increased Less Than Forecast In May
l  Housing Starts In U.S. Rose In May To 914,000 Annual Rate
Europe
l  UK Inflation Rate Rises To 2.7% In May
l  German Investor Confidence Rises As Recovery Strengthens
l  European Car Sales Hit 20 Year Low for May
Currencies
l  Dollar Rises Vs. Yen Ahead Of Fed Decision
Commodities
l  Brent Hovers Near 10-Week High, Fed Meeting In Focus
l  Gold Prices Retreat Ahead Of Fed Meeting