News Bits | 18 September 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Quick Bites: PERISAI, TSH, UMW

l  On Our Portfolio: HOVID

l  On Our Technical Watch: KELADI, KIANJOO

 

NEWS HIGHLIGHTS

l  Contract for provision of underwater services (Comment included in Kenanga Today)

l  Sumatec denies talks on oil concession acquisition in Kazakhs

l  Sunway awarded 99-year land lease in Singapore worth RM1.1b

l  Ramsay JV aims to have at least 12 in three to five years

l  Bina Puri, Kensington to develop RM148.0m commercial project in Sabah

l  Y&G plans to buy Klang land for RM100.0m

FOREIGN NEWS HIGHLIGHTS           

l  Twitter’s IPO spurs horse race between NYSE and Nasdaq

l  Huntsman buying Rockwood's pigments unit for USD1.1b, plans IPO

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  FDI into China up 6.37% in first eight months

l  Sri Lanka, China To Close Free-Trade Deal

l  Turkey Bank Keeps Rates Unchanged With ‘Cautious Stance

USA

l  Cost Of Living In U.S. Increases Less Than Forecast

l  Homebuilder Confidence In U.S. Holds At Highest Level Since 2005

l  U.S. Net Inflow Of Long-Term Securities Rises To $31.1 Billion

l  US Budget Deficit To Rise To 3.5 % Of GDP By 2023

Europe

l  European Car Sales Drop 5% In August

l  UK Inflation Rate Falls To 2.7% In August

l  German Investor Confidence Rises To Three-Year High

l  Crisis In Greece: Pm Samaras Sees Recovery By 2019

Currencies

l  Dollar Slips Ahead Of Federal Reserve Guidance

Commodities

l  Brent Ends At Six-Week Low As Fears Over Syria Fade

l  Gold Slips On Tame U.S. Inflation, Market Braces For Fed