Wednesday, December 11, 2013

News Bits | 11 December 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Sector Update: Plantation
l  Quick Bite: MAHSING
l  On Our Technical Watch: TEBRAU, THHEAVY
 NEWS HIGHLIGHTS
l  Perisai Petroleum’s associate starts work on USD272.1m deal at North Malay Basin
l  Goldis posts higher pre-tax profit in Q3
l  MBSB targets 15% rise in revenue, focus on corporate business
l  Destini bags RM46.3m defence contract
l  SCH Group to be listed on Ace Market by end January 2014
l  Hytex plans EGM to sack exec chairman, MD
 
FOREIGN NEWS HIGHLIGHTS           
l  Santander ups bet on China with Bank of Shanghai stake
l  Starbucks slumps on analyst’s report of sales slowdown
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 
Asia
l  China’s Retail Sales Accelerate As Factory Output Slows
USA
l  Rising Job Openings Show U.S. Companies Poised To Hire
l  Manufacturers In U.S. ‘Optimistic’ About Growth In 2014
 
Europe
l  U.K. October Industrial Production Rises For A Second Month
l  UK: Gap Between Goods Exports And Imports Narrows In October
Currencies
l  U.S. Dollar Falls Below ¥103
Commodities
l  U.S. Crude Gains $1 On Anticipated Inventory Draw
l  Gold Up 2 Pct On Technicals, Fund Buying