News Bits | 28 October 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Market Strategy: Budget 2014

l  Sector Update: Property

l  Quick Bites: CENSOF, DRBHCOM, KIMLUN

l  On Our Portfolio: Bull Horns In the Horizon?

l  Economic Viewpoint: Budget 2014, Inflation

 

NEWS HIGHLIGHTS

l  Sapurakencana contract for the provision of subsea inspection services (Comments included in Kenanga Today)

l  SP Setia to launch projects with a GDV of RM10.3b within two years

l  HSL bags job for water pump construction

l  SEB in talks with local miners for supply of coal

l  MB lauds LBS for affordable housing offerings in Johor

FOREIGN NEWS HIGHLIGHTS       

l  China's Dongfeng still weighing benefits of investing in Peugeot

l  Twitter pitch to IPO investors hinges on potential for growth

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  World Bank Intends To Boost Lending With Existing Capital

Asia

l  Japan Consumer Prices Rise For 4th Straight Month

l  Thailand’s Interest Rate Acceptable For Economy, Kittiratt Says

USA

l  US Wholesale Inventories Rise More Than Expected In August

l  Orders Drop Shows U.S. Business Confidence Wanes

l  Consumer Sentiment Slides In October On Government Shutdown

Europe

l  UK GDP: Fastest Growth For Three Years

l  German Business Morale Falls For First Time Since April

Currencies

l  Dollar Struggles As Consumer Sentiment Weakens

Commodities

l  U.S. Oil Futures Edge Up; Brent/Wti Spread Narrows

l  Gold Up On Weak Economic Data, Deferred Tapering Of Fed Stimulus