News Bits | 22 November 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: CBIP, MAYBANK, UMW, WCT, YTLPOWR

l  Quick Bites: DIALOG, PUNCAK

l  On Our Technical Watch: BENALEC, WINGTM

 

NEWS HIGHLIGHTS

l  Titijaya Land's IPO oversubscribed 19.34 times

l  Time Dot Com 3Q net profit down 21% to RM28m

l  Paramount Corp 3Q profit down 7.2% to RM14.7m

l  Ibraco profit jumps more than 14 times to RM24m

l  Chin Well profit up, unveils dividend policy

l  Xingquan Q1 earnings down 30.5% to RM27.9m

FOREIGN NEWS HIGHLIGHTS           

l  As Omnicom and Publicis merge, rivals prepare to snare clients

l  Intel expanding use of factories for other chipmakers

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Govt Optimistic On 5.5% GDP Growth Next Year

l  September Unemployment Rate Unchanged At 3.1%

l  Malaysia Records RM46bil Tourism Revenue For Jan-Sept

Asia

l  BOJ's Kuroda, Upbeat On Global Outlook, Says Japan Recovery On Track

l  Singapore Raises 2013 GDP Growth Forecast On Manufacturing

l  China Manufacturing Gauge Declines In Growth Headwind

USA

l  US Claims Slide Sharply, Raising Hopes For Labor Market

l  Wholesale Prices In U.S. Fell In October For A Second Month

Europe

l  Eurozone Business Activity Slows As Recovery Falters

l  French Private Sector Contracts As Germany’s Grows

l  UK Public Finances Improve In October As Economy Grows

l  Greece Sees Higher Budget Surplus, Still At Odds With Lenders

Currencies

l  Dollar Above ¥101 As Focus Stays On Central Banks

Commodities

l  Oil Jumps $2, U.S. Gasoline Squeeze Aids Rally

l  Gold Rebounds As Bargain Hunting Offsets Fed Taper Concern