Thursday, November 7, 2013

News Bits | 7 November 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Sector Update: TECHNOLOGY
l  Quick Bites: MUHIBBAH
l  On Our Portfolio: REDTONE-WA
l  On Our Radar: Tracker Review
l  On Our Technical Watch: TA, UZMA
 
NEWS HIGHLIGHTS
l  Petronas Chemical to divest Vietnam PVC ops (Comment included in Kenanga Today)
l  Perisai appoints Hercules Offshore, Inc (Comment included in Kenanga Today)
l  Karex to invest RM100.0m to boost condom output to six billion pieces
l  Barakah Offshore aims to secure up to RM600.0m worth of contracts yearly
l  Maybank chief quashes speculation on asset buying in Thailand
l  Bernas asked to go for voluntary delisting
FOREIGN NEWS HIGHLIGHTS       
l  Despite rebuff, Alibaba may still list in Hong Kong
l  CBS profit climbs 22.0% on sales to streaming outlets
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Global
l  Global Economic Growth Hits 32-Month High In Oct - PMIs
l  Global Semiconductor Records Best Quarterly Sales In Q3
l  Asia
l  Indonesian Economy Sees Weakest Growth In Four Year
 
USA
l  Treasury 10-Year Note Gains On Speculation Fed To Keep Rates Low
Europe
l  German Factory Orders Beat Estimate As Euro-Area Recovers
l  U.K. Factory Production Increases More Than Forecast
l  Eurozone Data Shows Fragile Economic Growth
l  Middle East
l  Dubai GDP Grows Picks Up In First Half On Hotel Occupancy
 
Currencies
l  Dollar Under Pressure; Euro Rises Ahead Of ECB
Commodities
l  Brent Rises Back Towards $106 After U.S. Oil Product Data
l  Gold Rises On Dollar Drop, Snaps Seven-Day Decline