News Bits | 25 November 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l        Company Update: SUNRETI

l        Results Note: INTEGRA, KOSSAN, POS, QL

l        Quick Bites: GAMUDA, PERDANA

l        Economic Viewpoint: Malaysia Inflation rate

 

NEWS HIGHLIGHTS

l        YTL ‘Track 3B’ bid hits snag (Comment included in Kenanga Today)

l        Scientex to bank on twin engines of growth

l        Sales mix boost for HLI

l        Tek Seng Q3 earnings surge

l        Titijaya posts RM24m profit

l        Allianz earnings rise on lower insurance liabilities

FOREIGN NEWS HIGHLIGHTS           

l        Indian units of Pfizer and Wyeth to merge

l        Vince Surges in first U.S. apparel IPO since Michael Kors

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

North America

l        Payrolls Rose In 34 U.S. States In October, Led By Florida

l        Canadian Inflation Slows More Than Forecast To 0.7%

Europe

l        German Business Confidence Improves As Growth Continues

l        France With Italy, Spain Seek Flexibility In Euro Budget Talks

l        Germany's Schaeuble Says No More Risks Of Contagion In Euro Zone

Currencies

l        Dollar Gains 2% Against Aussie For The Week

Commodities

l        Brent Spread Hits 8-Month High, Market Eyes Iran

l        Gold Posts Biggest Weekly Loss In Two Months On Fed Uncertainty