Tuesday, December 17, 2013

News Bits | 17 December 2013


IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Quick Bites: IOICORP

l  On Our Radar: INARI

l  On Our Technical Watch: HIAPTEK, PTARAS

 

NEWS HIGHLIGHTS

l  SapuraKencana Petroleum Berhad award of contracts (Comment included in Kenanga Today)

l  Inari Amertron to allocate up to RM40.0m capex to raise capacity 

l  Mesiniaga appoints new MD

l  AirAsia X to ink major Airbus deal

l  Silk Q1 profit lower due to higher costs

l  Barakah hits record on Saudi job prospect

 

FOREIGN NEWS HIGHLIGHTS 

l  AIG sells aircraft leasing wing to focus on insurance

l  Avago will buy LSI for USD6.6b to gain storage chips

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 

Malaysia

l  Central Bank: M'sia Well Prepared To Face Us Quantitative-Easing

l  IMF: BNM Strategies Help Make Malaysia's Financial System Resilient

l  Report On Illicit Financial Outflows Grossly Overstated: BNM

l  GST Will Mitigate Trade Mispricing, Says BNM

l  ETP Attracted Rm220bil Investments In 3 Years

l  Nov Vehicle Sales Fall 2% On-Year To 52,252 Unit

Asia

l  Tankan: Japanese Business Mood Rises To Six-Year High

l  China Manufacturing Index Unexpectedly Drops

l  India Inflation Speeds Up To 14-Month High Of 7.52%

North America

l  Production Gain Shows U.S. Factories To Spur Growth

l  Canada Consumer Sentiment Falls On Waning Housing Outlook

Europe

l  PMI Surveys Raise Fears That France May Be Back In Recession

l  Portugal Passes 'Troika's' Bailout Review Of Its Economy

Currencies

l  Dollar Falls Broadly Ahead Of Fed Meeting

Commodities

l  Oil Rises On Libyan Outages, EU Data Signals Demand

l  Gold Rises On Short-Covering Rally, Fed In Focus

 

Kenanga Coverage Rating Summary - (Please refer to the attached)