News Bits | 15 August 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Sector Update: Plantation

l  Company Update: IJM & IJMLAND

l  Results Note: MHB, STAR

l  On Our Radar: PTARAS

l  On Our Technical Watch: APOS, IJMLAND

l  Economic Viewpoint: Ringgit Trend & Outlook

 

NEWS HIGHLIGHTS

l  Genetec wins RM12.0m new orders

l  Sunway gets Islamic loans worth RM491.0m

l  Censof may get Time Engineering stake

l  Vincent Tan appoints banks to manage 7-Eleven IPO

l  Kulim likely to see improved Q2 results

l  Sarawak Cable seen as frontrunner for RM1.0b project

FOREIGN NEWS HIGHLIGHTS       

l  Macy’s drops after sales unexpectedly fall

l  US Airways, American focus battling U.S. in court

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  India Inflation Tops Estimates As Rupee Plunge Tests Rajan

USA

l  Producer Prices In U.S. Little Changed As Car Costs Decline

Europe

l  Eurozone Comes Out Of Recession

l  UK Unemployment Falls By 4,000 To 2.51 Million

l  Merkel Warns Against Debt Perils As She Begins Re-Election Bid

Currencies

l  Dollar Falls Against Pound, Steady Vs. Euro

Commodities

l  Oil Reaches 4-Month High As Middle East Tensions Flare

l  Gold Rises 1 Pct On Commodities Rally