News Bits | 24 October 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note:  MBSB, MHB, PBBANK

l  Quick Bites: AXIATA, SKPETRO

l  On Our Technical Watch: CAELY, GADANG

 

NEWS HIGHLIGHTS

l  Halim Saad making comeback to corporate sector via O&G

l  UOA extends SPA for KL Land

l  Axiata: IPO on telecom tower in two years

l  Maxis aims to capture half of Malaysia's mobile internet market through #hotlink plan

l  Asas Dunia shares to be suspended

FOREIGN NEWS HIGHLIGHTS           

l  Juniper cuts 3% of workforce as forecast trails estimate

l  Twitter obtains USD1.0b credit line on road for IPO

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Manufacturing Sector's Sluggish Q3 To Continue: MIER

Asia

l  China Major Cities Home Prices Jump, Fanning Bubble Concerns

USA

l  U.S. Payrolls Rise Less Than Forecast Ahead of Shutdown

l  Foreigners Sold U.S. Assets As China Reduces Treasuries

l  US Construction Spending Approaches 4-1/2 Year High

Europe

l  UK Borrowing Falls In September

Currencies

l  Singapore Inks Direct Currency Trade, RQFII Quota With China

l  Euro Jumps To Late 2011 High After Jobs Report

Commodities

l  U.S. Oil Sinks Below $98, Brent Gap Widest Since April

l  Gold Rallies To 3-Week High After U.S. Job Data