News Bits | 4 November 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Results Note: AXIATA XL

l  On Our Portfolio: The Market Valuation Looks Stretch

l  On Our Technical Watch: Monthly Technical Review

 

NEWS HIGHLIGHTS

l  Sime Darby Motors expands to Vietnam

l  Ahmad Zaki to exit QSR

l  Eco World’s RM5b plan nears completion

l  Guocoland plans RM1.5b projects next year

l  Censof gets nod for notes programme

l  Caring IPO oversubscribed by 33.7 times

FOREIGN NEWS HIGHLIGHTS       

l  Air France sets tough conditions for Alitalia investment

l  Berkshire profit advances 29% on Railroad, investments

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Asia Factory Sector Upbeat, Led By China

l  Indonesia Trade Deficit Remains A Concern

l  S. Korea Records Strong Oct Exports

l  China Services Index Rises To Year’s High In Rebound Sign

USA

l  US Manufacturers Shake Off Effect Of Budget Impasse

l  Fed To Test Banks For Interest Rate Rise, Housing Collapse

l  US Public Investment Falls To Lowest Level Since War

Europe

l  Spain’s Outlook Revised To Stable By Fitch

l  UK Manufacturing Continues 'Solid' Growth

l  U.K. Growth Forecasts Raised By Cbi As Recovery Builds Momentum

Currencies

l  Euro Tumbles More Than 2% Vs. Dollar On Week

Commodities

l  Brent Sheds Nearly $3 On Strong Dollar, Spread Narrows

l  Gold Falls, Posts Sharp Weekly Drop On Fed Worries