News Bits | 14 October 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: TOPGLOV

l  Company Update: CENSOF

l  Quick Bites: CBIP, FGV, UMW, UZMA

l  On Our Portfolio: Spotlight on US Debt Ceiling

 

NEWS HIGHLIGHTS

l  UMW O&G prices share sale at top end

l  Malaysia's AirAsia X bags air operator's license for Thai venture

l  Ahmad Zaki bags RM162.96m contract

l  BPHB dishes out major package of the RM2.0b Samalaju Port project

l  Karex IPO to raise RM75.0m

FOREIGN NEWS HIGHLIGHTS       

l  China dairy demand drives Warrnambool bid war

l  Alibaba to transform China's 'e-conomy' with USD500.0b marketplace

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Zeti Sees 2014 Malaysia Growth Rise Amid Domestic Demand

l  Najib Sees Malaysia Escaping Fitch Rating Cut

Asia

l  China’s Unexpected Export Drop Underscores Global Demand Threat

l  China September Auto Sales Surge 21% On Japanese Rebound

l  China Central Bank Says 2013 GDP Growth To Exceed 7.5%

USA

l  Shutdown: Obama Would Sign Short-Term Debt Rise

l  US Borrowing Crisis 'Days Away' From Danger, Says World Bank Head

l  Glum Consumers, Shutdown Send Sentiment Reeling To 9-Mo. Low

Europe

l  Republic Of Ireland To Exit Bailout In December, Says Pm

l  UK Construction Output Fell Slightly In August, Ons Says

Currencies

l  Dollar Strengthens Against Yen On Debt-Limit Talks

Commodities

l  Oil Ends Lower As U.S. Budget Fight Continues

l  Gold Drops To 3-Mth Low On Fund Trade, Debt Deal Hopes