News Bits | 12 November 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Sector Update: Plantation

l  Results Note: MAHSING

l  Company Update: NESTLE

l  Quick Bites: IOI, SCIENTX

l  On Our Radar: ECS

l  On Our Technical Watch: THHEAVY, PJDEV

l  Economic Viewpoint: Malaysia Industrial Output

 

NEWS HIGHLIGHTS

l  Westport reports 18.8% rise in Q3 earnings, no dividend

l  Salcon returns RM30m to shareholders

l  IOI Plantations gets 76.6% of Unico-Desa shares

l  Work at KLIA2 98% done, should be completed by year-end

l  Boustead Holdings awards torpedo launch contract to BHIC subsidiary

FOREIGN NEWS HIGHLIGHTS           

l  T-Mobile US announces offering of 66.2m shares

l  UniCredit CEO sees fourth-quarter profit little changed

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  IPI Expanded By A Marginal 1.0%

Asia

l  China New-Credit Drop Shows Shadow-Finance Curbs As Leaders Meet

l  India Targets US$2.3b In Asset Sales

North America

l  Canada Consumer Confidence Extends Drop On Job Security

Europe

l  EU And US Resume Trade Deal Talks

l  Germany Under Renewed EU Pressure To Lift Domestic Demand

Currencies

l  Dollar Gains Versus Most Rivals Except Euro

Commodities

l  Brent Oil Rises As Iran Talks End Without Deal

l  Gold Falls On Strong Chinese Data, Fed Taper Worries