Friday, December 13, 2013

News Bits | 13 December 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  Results Note: SPSETIA
l  Quick Bites: BENALEC, QL
l  On Our Technical Watch: CUSCAPI, SIGN
 
NEWS HIGHLIGHTS
l  Genting to subscribe for 8.4% stake in Linc Energy (Comments included in Kenanga Today)
l  Silver Bird expects to be cashflow to be positive by mid-2014
l  Mitrajaya pockets RM428m job to build SPRM office buildings
l  TA Enterprise 3Q profit up 24.8% YoY at RM42m
l  George Kent quarterly earnings surge 55%
l  Two new Mudajaya property projects, one in PJ Sec 13
l  DA Land to develop RM5b theme park
 
FOREIGN NEWS HIGHLIGHTS 
l  Hilton Worldwide Holdings shares climb 9% in IPO
l  Peugeot takes writedown, gets GM's backing for Dongfeng deal
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 
Malaysia
l  Zeti: M'sia On Track For 4.5%-5% GDP Growth This Year
Asia
l  India CPI Tops 11% As Industrial Output Slows In Rajan Test
USA
l  Retail Sales In U.S. Increase By Most In Five Months
l  Jobless Claims In U.S. Surge In Week After Thanks
Europe
l  UK: Earnings Rise Slower Than Inflation For Fifth Year Running
Currencies
l  Dollar Rises As Retail Sales Improve
Commodities
l  Brent Falls On Libya Supply, Fed; Spread Narrows
l  Gold Tumbles 2 Percent As US Retail Sales Data Boosts Dollar