Friday, June 21, 2013

News Bits | 21 June 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Quick Bites: TSH
l  On Our Portfolio: PUNCAK, TOMYPAK
l  On Our Technical Watch: HAIO, TOPGLOV
 
NEWS HIGHLIGHTS
l  Ingress net profit down 9.1%
l  Poh Kong 3Q profit falls 56.8% YoY to RM5.0m
l  Berjaya Media 4Q net loss narrows to RM12.0m
l  Maybank sells 9.0% of BII
l  MRCB, Nusa to resolve suit out of court with PKNS over control of PJ Sentral
l  Kulim offers to buy 20.0% stake in NBPOL
l  Unimech to list its Indonesian unit
FOREIGN NEWS HIGHLIGHTS
l  Rona to sell commercial specialty division in CAD215.0m deal
l  Goldman Sachs abandons Ebix deal as U.S. prosecutors open probe
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l  China Factory Activity Slows Further
USA
l  Sales Of Existing U.S. Homes Rise More Than Forecast
l  Jobless Claims Rise as Manufacturing Growth Slows
l  Bernanke Sees Beginning Of End For Fed’s Record Easing
Europe
l  Euro-Area Services, Factory Output Rises More Than Forecast
l  Euro-Area Consumer Confidence Rises to Highest in 22 Months
l  UK Retail Sales Sees Strong Rise In May
l  Greece To Avoid Funding Problems If It Delivers On Bailout Program: IMF
Currencies
l  Indian Rupee Falls To An All-Time Low Against Us Dollar
l  Dollar Extends Rally As Fed Talks Slower Stimulus
Commodities
l  Oil Hit By Biggest Decline Since November On Fed Plan
l  Gold Down 5 Pct In Global Rout On U.S. Fed Stimulus Fears