News Bits | 11 November 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Sector Update: Plantation

l  Results Note: GAB

l  Quick Bites: SUPERMX

l  On Our Portfolio: Consolidation mode remains

l  Economic Viewpoint: Malaysia External Trade

 

NEWS HIGHLIGHTS

l  Titijaya eyes RM122m IPO

l  Destini sees earnings boost from acquisitions

l  MAHB declares single-tier interim dividend of six sen per ordinary share

l  Boustead signs RM5.32m service acquisition agreement

l  F&N sticks to property plan

FOREIGN NEWS HIGHLIGHTS           

l  Deutsche Telekom buys GTS Central Europe for EU546m

l  Cooper not yet entitled to get USD35 a share from Apollo

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  China Trade Data Adds To Recovery Hopes

l  China October Factory Output Stronger Than Exp

l  Chinese Inflation Up, But Not As Much As Expected

North America

l  US Job Creation Stronger In October

l  Obama Urges Infrastructure Spending To Spur U.S. Economy

l  Canada Unemployment Rate Holds At 6.9% In October

Europe

l  France's Credit Rating Cut By S&P To AA

l  UK Goods Trade Deficit Widens In September

Currencies

l  Dollar Jumps On October U.S. Job Gains

Commodities

l  Gold Falls 1.7 Pct As U.S. Payrolls Rekindle Taper Fears

l  Oil Gains But Flat On Week As Iran Talks Progress

 

Kenanga Coverage Rating Summary - (Please refer to the attached)

Regional News Update - (Please refer to the attached)