News Bits | 22 April 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

 

*        Sector Update: Media

*        Quick Bites: GAMUDA, MISC, WCT, UZMA

*        On Our Portfolio: All Eyes on the Election Campaign

*        On Our Technical Watch: Weekly Technical

 

 

 

NEWS HIGHLIGHTS

 

*        Petronas Dagangan gets sukuk approval

*        CIMB Thai Q1 net profit up 11.4%

*        Up to EPF to decide RHBCap privatisation, says group MD

*        Kamdar to sell land, building for RM26.0m

*        Datasonic awarded RM15.0m KDN service contract

*        Johan in talks to sell charge and credit card ops

 

FOREIGN NEWS HIGHLIGHTS

 

*        Sprint/SoftBank asks FCC to go ahead with deal review

*        Nestle's Nespresso Growth Hit by Swiss Contender Migros

 

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

 

Global

 

*        IMF To Boost Oversight Of Bank Stimulus

 

Asia Pacific

 

*        G-20 Eyes Stimulus Fallout Even As Japan Bond Buying Praised

*        Japan Invited To Join TPP Trade Talks

*        PBOC's Zhou Says Slower Growth Needed For Restructuring

*        Australia Sees Wider Deficit As High Currency Hits Revenue

 

North America

 

*        Dealers Say No End To QE In 2013 As Hatzius Sees 2016 Rate Rise

*        Carney Says Next Canada Rate Move Needs Above 2% Growth

 

Europe

 

*        Greeks Have Lost A Third Of Their Disposable Income

 

Currencies

 

*        Dollar Gains Vs. Yen After G-20 Statement

 

Commodities

 

*        Oil Rebound After Week's Big Sell-Off

*        Gold Posts 5% Weekly Loss, Outlook Seen Volatile

 

News Bits | 30 Oct 2012

Highlights of the day

§  Gadang Holdings Bhd (Company Update): Meeting with management reaffirms Trading Buy (Maintain TRADING BUY, TP: RM1.00) [download report]

Our meeting with Gadang’s management yesterday reaffirms our Trading Buy and target price of RM1.00.  Despite yesterday’s weak 1QFY13 results, earnings should pick up strongly from 2QFY13 onwards, and our initial estimate of at least 10 sen EPS in FY13 from construction division alone is on track. (refer to report for details)

 

Other reports

§  Newz Bits [download report]

 

Other Malaysian news

§  Petronas Chemical: Discontinues vinyl business

§  DRB-Hicom: Proton to collaborate with Honda

§  Maybank: Indonesia operations post record profit

§  CIMB: CIMB Niaga records 30% rise in net profit

§  Petronas Gas: Delay in operations of RGT in Malacca

§  IOI Corp: To start China project next year

§  Aeon Co: May announce Carrefour buy this week

§  Sarawak Oil Palms: Mulls plantations abroad

§  Mudajaya: Wins RM65m contract

§  Scomi Group: Abu Sahid strengthening control 

§  O&G: Lundin makes third gas discovery offshore Sabah

§  O&G: Petronas to renew bid for Progress

§  Construction: More MRT jobs awarded 

 

Global news

§  US: Consumer spending rises by most in seven months

§  US: Treasury lowers borrowing estimate by US$29bn

§  US: Labor Department will wait to decide on employment report status

§  Europe: Germany supports ECB Greek debt buyback plan, rejects write-off

§  Europe: Rajoy counters bailout split with Monti urging banking union

§  Europe: Juncker calls extra finance chief talks as Greece showdown looms

 

  

Visit ECM Libra at https://www.ecmlibra.com/ecmlsmy

Our on-line trading portal at www.ecmmoney.com

Newz Bits | 23 Oct 2012

Reports

§  Newz Bits [download report]

Malaysian news

§  Steel:  Govt completes initial anti-dumping probe on steel

§  CIMB:  APH under receivership
§  Genting:  Completes disposal of power assets
§  AirAsia: KLIA2 gets nod
§  Pelikan:  China Stationary to acquire 9.8% equity interest
§  Boilermech:  To double production capacity by April
§  O&G: Petronas to appeal Canada’s rejection of RM16bn takeover of Progress
§  Construction: Mitsubishi and Apex get MRT packages
§  Plantation: Palm oil duty reforms create ‘feel-good factor’
§  Consumer: JTI and Philip Morris maintain cigarette prices

Global news

§  Europe: ECB’s Mersch Says rescued euro nations are making progress
§  Japan: Exports tumble 10% as Maehara presses BOJ to ease
§  Vietnam: The economy to struggle to meet 2012 growth target

Visit ECM Libra at https://www.ecmlibra.com/ecmlsmy
Our on-line trading portal at www.ecmmoney.com