News Bits | 30 August 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: AEON, AMWAY, BIPORT, DRBHCOM, FGV, GENM, GENTING, HLBANK, KIMLUN, PUNCAK, TCHONG, TM, UEMS

l  Company Update: TROP

l  Quick  Bites: GENP, GENTING

l  On Our Technical Watch: KOSSAN, PANTECH

 

NEWS HIGHLIGHTS

l  Sunway Q2 earnings up 10.3% to RM170.3m

l  Naim aims for RM1.0b in property investments

l  Tradewinds back in the black

l  Bumi Armada and Fugro set up JV for well services

l  Tanco sees double-digit growth

l  Sumatec optimistic of profit this year

FOREIGN NEWS HIGHLIGHTS           

l  Microsoft is said to be in talks to invest in Foursquare

l  Icahn raises Nuance stake, may push for board seats

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  'ETP Continues To Anchor Growth'

Asia

l  Philippines Growth Beats Forecast As It Defies Trend

l  Indonesia Raises Interest Rate As India Aids Rupee

Americas

l  US Economic Growth Revised Upwards To 2.5%

l  Jobless Claims In U.S. Fell More Than Forecast Last Week

l  Consumer Comfort In U.S. Declines To A More Than Four-Month Low

l  Brazil Raises Interest Rate To 9% To Battle Inflation

Europe

l  German Unemployment Edges Higher

l  British Chambers Of Commerce: Recovery Gaining Momentum

Currencies

l  Dollar Extends Gains After GDP Revised Higher

Commodities

l  Brent Falls Below $116 After 2-Day Surge; Syria Conflict Eyed

l  Gold Falls After 5-Day Rise As Syria Attack Fears Ease