Kenanga Today : 16 July 2012

NEWS HIGHLIGHTS

- EPF no longer major shareholder in FGVH

- ST Engineering, AirAsia in 10 year RM255.0m maintenance deal

- OM Sarawak awards RM115.0mcontract to Pestech

- SP Setia set to unveil luxury condo project in JB

- Boustead: RM400m MRO ventures in Penang,Terengganu

- TM targets 1.3m premises using Unifi by year-end

- ATS partners Chinacompany

- Guan Chong maintains plans for secondary listing in Singapore

- World's biggest condom maker Karex looks to float shares

- Rubber market set to be firmer next week

FOREIGN NEWS HIGHLIGHTS

- GSK in weekend talks to buy Human Genome: sources

- Softwaremaker Gigamon files for IPO of up to USD100m

ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)

Asia

- Eurozone Woes Hit Singapore GDP In Q2

- China Economic Growth Slows To 7.6% In SecondQuarter

- China Property Investment Slows, But SalesRebound In June

- India's Exports Fall 5.5%, But Trade Deficit Narrows

Europe

- Moody's Cuts Italy'sDebt Rating

- Spain Govt To Cut US$69bil From Public DeficitIn Next 2½ Years

- Germany To Help Spain Give Skills To Jobless Youths

- Merkel Gives No Ground On Demands For Oversight In DebtCrisis

- German, French Yields Fall To Records As Investors SeekHavens

- UK Unveils Lending Scheme To Help Firms AndHouseholds

- UK Construction Output Fell Sharply In May,ONS Says

Currencies

- Euro Turns Up From 2-Year Low On Short Squeeze

Commodities

- Oil Up Third Day On ChinaGDP, North Sea Problems

- Gold Rises On Equities, Commods Rallies, China Data

Source: Kenanga