Thursday, November 28, 2013

News Bits | 28 November 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l        Results Note: AXIATA, BIMB, COASTAL, FGV, GENP, MEDIAC, OLDTOWN
l        Quick Bites: MRCB, TM
l        On Our Radar: PRESBHD
  l        On Our Technical Watch: PESTECH, UOADEV
 
NEWS HIGHLIGHTS
l        LBS Bina Q3 pre-tax profit soars to RM358.1m
l        Keck Seng posts higher pre-tax profit in 3Q 2013 
l        KSL Q3 profit at RM92.0m 
l        Mudajaya 3Q profit down 27.5% to RM40.0m
l        Favelle Favco profit up 16.7% to RM21.7m
l        Lafarge Malaysia's construction development lab to be ready in 1H14  
FOREIGN NEWS HIGHLIGHTS           
l        Charter seeks to raise USD25.0b to fund Time Warner Cable bid
l        AMR merger settlement approved by bankruptcy judge
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 
Malaysia
l        S&P Cuts Outlook On Malaysia Banks On Household Debt Concern Asia
Asia
l        Thai Central Bank Surprisingly Cuts Rate, Citesl Political Tension
l        Fall In Thai Exports Adds To Woes As Politicall Tensions Mount
l        Indonesia's Q4 GDP Growth To Be Lowest In 4 Years-President
USA     
l        Jobless Claims In U.S. Unexpectedly Fall To Two-month Low
l        Drop In Durables Orders Points To Slow Investment
l        Consumer Sentiment Rises In November On Improved Economic Outlook
l        Leading Economic Indicators In U.S. Climbed 0.2% In October
Europe
l        Greek Economy To Shrink For Seventh Year, OECD Says
l        P Growth Driven By Rise In Consumer Spending
Currencies
l        Dollar Pushes Above ¥102 To Six-Monthl High
Commodities
l        U.S. Crude Oil Tumbles On Surprise Build, Brent Up
l        Gold Falls After Srong U.S. Labor Data