Tuesday, September 24, 2013

News Bits | 24 September 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Results Note: UMCCA
l  On Our Radar: TMCLIFE
l  On Our Technical Watch: AIRPORT, ILB
 
NEWS HIGHLIGHTS
l  OCK Group launches RM150.0m in Sukuk programme
l  Glomac Q1 net rises to RM24.1m on strong sales
l  Farlim sells 116.9ac of Penang land to 1MDB for RM112.5m
l  Versatile Creative gets Iris-related takeover offer at 50 sen a share
l  Land & General rights ICULS oversubscribed 49.4%
l  Charon resigns from CIMB Group to join Khazanah
FOREIGN NEWS HIGHLIGHTS           
l  Fairfax consortium bids USD4.7b to take BlackBerry private
l  Chrysler files for IPO as fiat seeks deal to merge carmakers
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l  China Manufacturing Activity Growth Picks Up Speed
USA
l  Demand Strong As Ever As Institutions Bid For Bond Sales
Europe
l  Eurozone PMI Survey 'Shows Underlying Improvement'
l  Draghi Says ECB Is Ready To Offer More Long-Term Loans
Currencies
l  Dollar Down As Fed Officials Cast Doubt Over Taper
Commodities
l  Brent Stays Above $109 On Upbeat China PMI Data
l  Gold Falls On Renewed Fed Tapering Worries