News Bits | 14 August 2013

Kenanga Today

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Sector Update: Media

l  On Our Technical Watch: ASUPREM, THHEAVY

 

NEWS HIGHLIGHTS

l  TH Heavy unit awarded Petronas “manufacturing” licence

l  Idris Jala: Sell MAS only if the price is right

l  FGV scouts for land in Asean, Africa

l  Unico-Desa Q1 earnings slump to RM348k

l  Manulife 2Q net profit doubles

l  Indonesian government to approve Axiata acquisition

FOREIGN NEWS HIGHLIGHTS       

l  U.S. sues to block AMR-US Airways merger; stocks fall

l  SingTel earnings beat estimates after cutting costs

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

USA

l  Rise In U.S. Retail Sales Points To Pickup In Spending

l  Companies In U.S. Kept Inventories Lean In June As Sales Rose

l  Import Prices In U.S. Increase Less Than Forecast On Auto Plunge

Europe

l  UK Inflation Rate Falls To 2.8% In July

l  U.K. Home-Price Index Rises To Seven-Year High, RICS Says

l  German Investor Confidence Up As Euro Area Resumes Growth

l  Eurozone Manufacturing Output Rises Ahead Of GDP Data

Currencies

l  U.S. Dollar Adds To Gains After Retail Sales

Commodities

l  Gold Down 1 Pct On U.S. Retail Data, India Duty Hike

l  Oil Up For Third Session On Supply Problems In Libya,