News Bits | 20 November 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Sector Update: Automotive

l  Results Note: ALAM, CRESBLD, DIALOG, PERDANA, TSH

l  Company Update: REDTONE

l  On Our Technical Watch: PIE, SOP

 

NEWS HIGHLIGHTS

l  KPJ to lease 250-bed hospital in Dhaka

l  Matrix Concepts post higher profit

l  Bina Puri targets more joint ventures

l  AirAsia X Q3 profit falls

l  Gadang eyes mega highway jobs

l  Nova MSC unit bags RM7.1m Saudi job

FOREIGN NEWS HIGHLIGHTS           

l  T-Mobile US eyes airwaves buy from Verizon Wireless

l  Yahoo boosts share buyback by USD5.0b

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Global

l  OECD Revises Down Global Economic Growth Forecasts

Asia

l  South Korea's Household Debt Grows In 2013

l  Foreign Investment In China Up 5.8% In First 10 Months

USA

l  Treasury 10-Year Yield Rises From 1-Week Low on Fed Speculation

l  Yellen Reiterates Support For Fed's Bond Buying

l  Obama Says He Does Not Foresee January Repeat Of Debt-Ceiling Crisis

Europe

l  OECD Calls On ECB To Buy Euro Zone Assets

Currencies

l  Dollar Inches Lower As Monetary Policy Dominates

Commodities

l  Brent Sheds $1 A Barrel On Iran Talks, Libya Exports

l  Gold Ends Nearly Flat, Fed Minutes In Focus