Wednesday, November 27, 2013

News Bits | 27 November 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l        Results Note: BARAKAH, BENALEC, DAYANG, DLADY, ENGKAH, HLBANK, IHH, IJM, IJMLAND, IJMPLANT, UZMA
l        Company Update:  DIGI, STAR
l        On Our Technical Watch:  MKH, PADINI
 
 NEWS HIGHLIGHTS
l  Hong Leong Financial Group Q1 pre-tax profit up 18.0% to RM812.6m
l  Al-Aqar Healthcare Q3 pre-tax profit increases to RM14.7m
l  Inari posts RM20.9m earnings in the first quarter 
l  SC Approves Malakoff's proposed RM5.4b sukuk issuance
l  E&O pre-tax profit falls to RM25m
l  Hap Seng Q3 profit down
l  Destini earnings almost doubled
FOREIGN NEWS HIGHLIGHTS           
l       ThyssenKrupp to sell U.S. plant for USD1.97b
l  TiVo quarterly profit beats estimates on new subscribers
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 
Global
l IMF’s Global House Price Index Rises To Highest Level Since 2008
Malaysia
l Malaysian Govt Bullish On Higher Q4 Growth
Asia
l China C.Bank Says To Rely On Reform, Not Loose Policy, To Underpin Growth
USA       
l Consumer Confidence In U.S. Declines To A Seven-Month Low
l Home Prices In 20 U.S. Cities Rise Most Since February 2006
l Building Permits In U.S. Jump To Five-Year High
Europe
l Italy Doubles Trade Surplus
l Portugal Passes Latest Austerity Budget
Currencies
l Dollar Down Against Euro; Aussie Falls
Commodities
l Oil Ends Lower In Choppy Trading
l Gold Gives Up Gains To Drop Nearly 1 Pct On U.S. Housing Data