IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR
DETAILS)
l
Sector
Update: Rubber Gloves
l
Results
Note: ASIABRN, MASTEEL, MUHIBAH, SIME
l
Quick
Bites: YINSON
l
On
Our Portfolio: In a Consolidation Phase Last Week
l
On
Our Technical Watch: Monthly Technical Review
l
Economic
Viewpoint: Money Supply & Loans growth April
NEWS HIGHLIGHTS
l
Higher
Johor property tax on foreigners not a concern (Comment included in Kenanga
Today)
l
Petron
1Q profit falls 63.0% to RM30.8m
l
Litrak
4Q bounces from y-o-y losses
l
TH
Plant 1Q profit plunges 75.0% yoy
l
IJM
unit signs share sales deal
l
Star
Publications units to acquire 90.0% stake in Ocision for RM13.5m
l
Kulim
eyes 60.0% stake in Danamin
l
PJD
to buy land in PJ for RM124.2m
l
GPacket
unit plans to sell land, office building
FOREIGN NEWS HIGHLIGHTS
l
DirecTV,
two others bid over USD1.0b for Hulu
l
Singapore
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
l Japan Deflation Ebbs, Output Up
l Abe Offers $32 Billion To Africa As Japan
l South Korea’s May Exports Unexpectedly Rise On
Smartphone Sales
l China
l India
l US Consumer Sentiment Rallies To Six-Year High In May
l US Consumer Spending Falls For The First Time In A
Year
l Eurozone Unemployment Reaches New Record High In April
l IMF Approves Greek Disbursement And Seeks Better Tax
Collection
Currencies
l Dollar Boosted By Strong Data, Drops Vs. Yen
Commodities
l Brent Holds Above $102 On Weak Dollar; US Crude
Stockbuild Weighs
l Gold Falls 1.6 Pct, Notches Second Sharp Monthly Loss