Kenanga Today : 18 July 2012

NEWS HIGHLIGHTS

- West Coast Express concession to be signed in 2 months

- Maxis's Indiaunit Aircel to invest USD500m for 4G

- Aeon Co. scraps RM107m purchase plan

- Top Gloves buys Melaka glove firm

- Naim Indah to raise RM21.4m from share placement

- SILK unit wins Exxon Mobil job Several parties keen to takeIngress private

- Rexit raises stake in Reward-Link

- Glenn Marine eyes Bursalisting

- Gabungan AQRS' 18m shares oversubscribed 0.51 times

- Cybertowers says unaware of reason for UMA

- Hopesof more monetary stimulus drive markets higher

FOREIGN NEWS HIGHLIGHTS

- Thai PTT set to win Cove after Shell drops bid

- Samsung buys chipmaker CSR's handset technology

ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)

Malaysia

- Survey: Consumer Confidence Up In Q2

Asia

- Singapore Export Growth Unexpectedly Quickens OnPharmaceuticals

- Foreign Investment In China Slips 6.9% As Economy Slows

- China Raises Treasury Holdings First Time InThree Months

North America

- Consumer Price Index In U.S. Was Unchanged, Core Up 0.2%

- Factories In U.S.Show Resilience As Production Rises

- Homebuilder Confidence In U.S. Rises Most Since September2002

- International Demand For U.S.Assets Rises On Europe Crisis

- Bernanke Sees Range Of Options For AdditionalFed Easing

- Bank Of CanadaKeeps Higher Rate Bias In Slower Rebound

Europe

- Germany: ZEW Investor Confidence Declines ToLowest Since January

- UK Inflation RateFalls To 2.4% In June

- Spain Debt Costs Fall, But Still SeenUnsustainable

Currencies

- U.S. Dollar Turns Down After Bernanke

Commodities

- Oil Advances In New  York, Reversing Earlier 1.2% Decline

- Gold Cuts Losses After Bernanke, Equities Help

Source: Kenanga