Friday, November 1, 2013

News Bits | 1 November 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Results Note: AIRPORT, PETGAS, TENAGA
l  Company Update: SKPETRO
l  Quick Bites: KIMLUN
l  On Our Technical Watch: ENGKAH, EVERSENDAI
 
NEWS HIGHLIGHTS
l  Petronas Dagangan’s Q3 earnings slip 6.8% to RM226.2m
l  Prasarana's RM1.0b sukuk gets overwhelming response
l  Berjaya boss plans to sell Caring Pharmacy stake
l  F&N not affected by reduced sugar subsidy
l  Hwang-DBS acquisition to be completed early 2014
FOREIGN NEWS HIGHLIGHTS       
l  Blackstone's Hilton looks to launch IPO week of December 2
l  Macquarie Profit Climbs 39% as Firm Predicts Further Gains
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Global
l  6 Major Central Banks Make Currency Swap Permanent
Asia
l  Minimal Rise In Japan Sept Wages, Tough Battle To End Inflation
l  BOJ Sticks To Easing As Some Board Members Cautious On Outlook
USA
l  Jobless Claims In U.S. Drop As California Clears Backlog
l  US Criticises Germany And China Policies
Europe
l  Euro Zone Unemployment Stuck At Record High
l  Eurozone Inflation Nears Four-Year Low
l  U.K. Mortgage Approvals Rise To Highest In 5 1/2 Years
Currencies
l  Dollar Jumps Vs. Euro On Low Euro-Zone Inflation
Commodities
l  Brent Oil Falls, Spread Narrows On Profit-Taking
l  Gold Drops 1.4 Pct On Month-End Profit Taking, Dollar Rise