News Bits | 4 June 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)                                                                                        

l  Market Strategy: 1QCY13 Results Review

l  On Our Radar: GOB

l  On Our Technical Watch: AFG, DATAPREP

 

NEWS HIGHLIGHTS

l  Wah Seong plans USD744.0m agro-industrial complex in Congo (Comment included in Kenanga Today)

l  Tropicana Corp's 18.98m shares placed out to govt-linked fund

l  Freight Management ventures into O&G with Scomi Energy

l  Jiwa Holdings to complete KLIA2 renovation within estimated date

l  AmCorp unit, TNB sign energy deal

l  RHBCap appoints Yap new CFO

l  Latexx to be delisted tomorrow

FOREIGN NEWS HIGHLIGHTS

l  Sprint slams Dish's latest offer for Clearwire

l  Elan purchase by Royalty Pharma temporarily blocked

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Indonesia Trade Deficit Rises To Near Record On Commodity Slump

l  China Growth Limited By Struggling Small Manufacturers

l  China’s Xi Offers Caribbean Nations $3 Billion In Loans

USA

l  US Manufacturing Shrinks; Construction Spending Up

l  Auto Sales, Led By Trucks, Jump In May

Europe

l  Eurozone's Manufacturing Downturn Eases In May

l  Germany Plans 1 Billion Euros Aid For Spanish SMEs

l  UK: Bank Loans To Business Fall Again Despite Funding For Lending

l  UK Manufacturing Grows At Fastest Pace For A Year

Currencies

l  U.S. Dollar Falls Below 100 Japanese Yen

Commodities

l  Oil Prices Rise On Weaker Dollar, North Sea Outage

l  Gold Up 2 % On Dollar Slide, Weak U.S. Data