News Bits | 12 September 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Result Note: ASTRO

l  On Our Radar: ENGTEX

l  On Our Technical Watch: AIRPORT, NTPM

l  Economic Viewpoint: Malaysia Industrial Production

 

NEWS HIGHLIGHTS

l  CBIP unit bags RM50.0m contract

l  LFE turns around in Q4

l  Westports secures major institutional investors amid volatility

l  TM not bidding for P1 stake

l  Salcon to sell investments in China

l  KSTB sells rig for USD4.2m

FOREIGN NEWS HIGHLIGHTS           

l  Yahoo’s Mayer says monthly users climbed 20.0% in August

l  Dell launches USD5.5b loan to back leveraged buyout

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Production In July Increased By 7.6%

l  Zeti: Malaysia’s Household Debt Has Not Reached Alarming Levels

Asia Pacific

l  Singapore Announces Lending Curbs Amid Rising Debt

l  Li Keqiang: China Economy At Crucial Stage

l  RBNZ Signals 2014 Interest Rate Rise As Inflation Picks Up

USA

l  Wholesale Inventories In U.S. Rose Less Than Forecast In July

Europe

l  UK Unemployment Rate Drops To 7.7%

l  France Cuts Forecasts For Growth, Budget Short

Currencies

l  Dollar Down As Pound Hits Seven-Month High

Commodities

l  Oil Edges Higher As U.S. Pursues Diplomacy For Syria

l  Gold Slips As Syria Worries Ease, Fed In Focus

 

Kenanga Coverage Rating Summary - (Please refer to the attached)