Kenanga Today : 19 July 2012

NEWS HIGHLIGHTS

- TNB ready to power MRT works

- Hua Yang 1Q net profit up 43.1% to RM16.47m

- Tanjung Offshore subsidiary gets purchase order worth RM40m

- TNB, Tanjong lead Prai bid

- Compugates gets RM1.2m Sabahcontract

- Yong Kung to buy rest of Starshine

- MBSB selling Gadini to Ken for RM56.2m

- George Kent chief: No indication on award of Ampang LRTproject

- Chan: Trinity land deal a non-issue

- Longervalidity for Zelan Job

FOREIGN NEWS HIGHLIGHTS

- Cogeco to pay USD1.4b for Atlantic Broadband, shares dive

- Singapore'sOCBC sells F&N, APB stakes for USD2.6b

ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)

Malaysia

- The Inflation Rate For The Month Of June Moderated To 1.6%

Asia

- China’s June Home Prices Rebound As Sentiment Improves

- China's Wen Vows Job Creation As Growth Slows

- India's Consumer Inflation Slows Slightly InJune

USA

- Home Starts In U.S. Rise To Highest Level Since2008

- Mortgage Applications Surge On Refinancing

Europe

- Spain's Banks Facing 156bn Euros Of Risky Loans

- UK Unemployment TotalFalls To 2.58m

- Osborne Plans $80 Billion U.K. Infrastructure Spending Boost

- Bank Of EnglandMpc Voted 7-2 To Increase Stimulus

Currencies

- Dollar Erases Gains Bernanke Testifies

Commodities

- Crude Advances On Housing Starts, Gasoline Inventories

- Gold Down On Uncertain Fed Outlook, Euro Debt Fear

Source: Kenanga