Tuesday, July 30, 2013

News Bits | 30 July 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Quick Bites: KPJ, REDTONE, TCM, TM
l  On Our Radar: GADANG
l  On Our Technical Watch: BURSA, SPRITZR
 
NEWS HIGHLIGHTS
l  Asas Dunia major shareholders / directors to privatise firm
l  Spritzer 4Q profit grows 195%, declares 4 sen/share dividend
l  PLB 3Q profit up 59.3% to RM4m on property projects
l  Kim Loong Resources to buy land in Sarawak
l  Khazanah in Turkish deal
l  TM extends HyppTV service to Streamyx users
FOREIGN NEWS HIGHLIGHTS       
l  Plains All American affiliate files for IPO of up to USD1.0b
l  General Growth to sell its stakes in Brazil’s Aliansce
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l  Malaysia Continues To Draw French Investors
l  Foreign Funds' Buying Spree Gets Less Frenzied
Asia
l  Credit Squeeze In Asia Now Worst Since Financial Crisis
l  RBI Says Restoring India Rupee Stability Is Key Policy Objective
USA
l  Pending Sales Of Previously Owned U.S. Homes Decline 0.4%
l  Treasuries Fall On Fed-Tapering Speculation Before GDP, Jobs
Europe
l  IMF Approves $2.3 Billion Aid For Greece
Currencies
l  U.S. Dollar Falls Below 98 Japanese Yen
Commodities
l  Brent Little Changed Above $107, Weak Demand Weighs As Dollar Supports
l  Gold Eases After 3-Week Gain, Investors Await Fed Meet