News Bits | 25 October 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: CMMT

l  On Our Technical Watch: PRESBHD, SCIENTX

 

NEWS HIGHLIGHTS

l  Sunway to develop condo project with Mitsui Fudosan

l  Condom Manufacturer, Karex Bhd, garners strong support for IPO

l  I-Berhad plans RM820.0m project

l  Emkay sees RM600.0m revenue in 2014

l  IGB REIT Q3 pre-tax profit rises to RM53.8m

FOREIGN NEWS HIGHLIGHTS           

l  Microsoft first-quarter sales, profit top analyst estimates

l  Twitter IPO pegs valuation at modest USD11.0b

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Philippines Holds Key Interest Rate As Growth Exceeds 7%

l  Vietnam Ships RM43.2bil Worth Of Goods To ASEAN

l  South Korea 3Q GDP Grows 1.1 % Versus 2Q, Just Above Forecast

l  China’s Manufacturing Strengthens In Boost To Recovery

l  China's Central Bank Tightens Cash Supply

USA

l  More Americans Than Forecast Filed Jobless Claims

l  Markit Factory Index In U.S. Fell To 51.1 In October From 52.8

l  Trade Gap In U.S. Little Changed As Exports, Imports Stall

l  Consumer Sentiment In U.S. Falls To Eight-Month Low

Europe

l  Euro-Area Services, Manufacturing Unexpectedly Slow

Currencies

l  Dollar Trims Loss As Jobless Claims Fall

Commodities

l  U.S. Oil Prices Rise, Gasoline Supports As Brent/WTI Narrows

l  Gold Up 1 Pct, Above $1,350/Oz, After U.S. Jobless Claims