Friday, June 28, 2013

News Bits | 28 June 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Sector Update: Plantation
l  Results Note: HELP, GAMUDA, SPSETIA, UMCCA
l  Quick Bites: MUHIBAH, SKPETRO
l  On Our Technical Watch: PUNCAK
 
NEWS HIGHLIGHTS
l  Encorp bags RM69.0m contract
l  Pestech, ABB in switchgears tie-up
l  Letter of award for PJBumi
l  Selangor Properties 2Q profit falls 39.5% yoy
l  Goldis Q1 profit advances 56%
l  BCorp full-year profit falls to RM596.0m on higher revenue
l  Karex: Listing plan safe, set for H2
FOREIGN NEWS HIGHLIGHTS
l  Adobe to buy digital marketing software company for USD600.0m
l  Malone said to explore scenarios for Time Warner Cable deal
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l  China Industrial Profits Jump in May, Beat Forecast
l  India’s Current Account Deficit Narrows; Rupee Rebounds
l  Vietnam Economic Growth Quickens As Investment Aids Exports
USA
l  Federal Reserve Officials Clarify 'Tapering'
l  Fed Officials Step Up Campaign To Stem Increase In Rates
l  Consumer Spending In U.S. Rebounds As Incomes Increase
l  Jobless Claims In U.S. Declined 9,000 Last Week To 346,000
Europe
l  EU Reaches Political Deal On Seven-Year Budget
l  European Economic Confidence Improves More Than Forecast
l  French Consumer Confidence at All-Time Low, Outlook Bleak
l  UK Double-Dip Recession Revised Away
l  U.K. Plans To Sell $23 Billion State Assets To Cut Debt
l  Russia Scales Down Asset Sales As Medvedev Bemonas Delays
Currencies
l  Dollar Could Extend Longest Win Streak In A Year
Commodities
l  UK Shale Gas Resources 'Greater Than Thought'
l  Oil Rises Amid Talk Fed Will Continue Stimulus For Now
l  Gold Sinks Below $1,200 For First Time In Nearly 3 Years
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