Thursday, July 4, 2013

News Bits | 4 July 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Sector Update: Auto, Building Material, Consumer, Healthcare, MREIT, Technology, Transport and Logistics
l  Company Updates: MISC, SEG
l  On Our Radar: SPRITZR
l  On Our Technical Watch: AMBANK, KPS
 
NEWS HIGHLIGHTS
l  Astro plans RM500.0m investment
l  IJM to invest RM2.0b in new Kuantan Port terminal
l  CBIP bags RM40.6m contract to build palm oil mill
l  Toyo Ink seeks approval for RM11.2b Vietnam power venture
l  KLIA2 contractors claim RM250.0m more
l  Goldis aborts capital distribution plan
l  Bina Puri eyes RM44.1m via private offering
FOREIGN NEWS HIGHLIGHTS       
l  Samsung acquires startup Boxee to add connected tv set-top boxes
l  FCC approves Sprint, Clearwire, SoftBank deal
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l  World Bank: Malaysia Poised To Achieve High Income Status
l  Malaysia Wants To Diversify Exports To Japan
l  Malaysia's Household Debt Not At Worrying Level
Asia
l  China's June Services Sector Growth At Nine-Month Low
USA
l  Companies In U.S. Added More Workers Than Forecast In June
l  Jobless Claims In U.S. Fall By 5,000 In Week To June 29
l  Trade Deficit In U.S. Jumped In May As Imports Near Record
l  US Car Sales Hit Best Pace Since Dec 2007
l  Service Industries Unexpectedly Grew At Slower Pace In June
Europe
l  Eurozone Economy On Track To Stabilise In Second Half
l  UK Service Sector Growth 'Fastest For Two Years'
l  Portugal Borrowing Costs Rise Amid Looming Crisis
l  Merkel Warns On Youth Unemployment Problem
Currencies
l  Dollar Dips As Traders Await Payrolls, ECB
Commodities
l  U.S. Crude Rises Above $100 To Highest In 14 Mths
l  Gold Buoyed By Weak Dollar, Safe-Haven Buying
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