News Bits | 6 September 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Sector Update: Technology

l  Company Update: PPB

l  Quick Bites: DAYANG

l  On Our Technical Watch: BRAHIMS, PUNCAK

l  Economic Viewpoint : BNM MPC Meeting

 

NEWS HIGHLIGHTS

l  RHB Group Chief mum on appointment of new deputy CEO

l  Pos Malaysia eyes expansion through M&A

l  SAAG to be delisted on Monday

l  TH Heavy to issue RM170.0m sukuk murabahah

l  Kulim's offer for NBOL lapses

l  Haisan Resources enters LPG business

FOREIGN NEWS HIGHLIGHTS       

l  Samsung USD299.0 Galaxy gear tests demand for smart watches

l  Investment firm buys Bombardier's Flexjet, places USD1.8b order

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  G-20 Wrangles Over Stimulus Exit As Syria Roils Markets

Malaysia

l  OPR Unchanged At 3.00%

Asia

l  Bank Of Japan Keeps Policy Steady, Says Economy Recovering

USA

l  Private Payrolls In U.S. Increased By 176,000 In August

l  Jobless Claims In U.S. Decline More Than Forecast

l  Services Sector Growth Jumps, But Factory Orders Lag

l  Consumer Comfort In U.S. Declines For A Fourth Straight Week

l  Labor Costs Flat In Q2, Show Dormant US Price Pressure

Europe

l  Bank Of England Maintains Interest Rates At 0.5%

l  Draghi Says ECB Ready To Act As Market Rates Advance

l  ECB Improves Forecast For Eurozone Economy This Year

l  German Factory Orders Drop As Boost From Air Show Fades

Currencies

l  Dollar Rises As Data Foreshadow Jobs Report

Commodities

l  Crude Oil Up But Gains Capped By Worries About Fed

l  Gold At 2-Week Low As U.S. Data Fuels Fed Tapering

 

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