Kenanga Today : 25 July 2012

NEWS HIGHLIGHTS

- Country View Q2 earningssurge 446.0% to RM8.54m

- Globetronics 2Q netprofit up 29.3% to RM9.71m

- Gabungan AQRS postRM5.64m profit

- THP to double plantationland with acquisition of plantation assets from Tabung Haji

- Inari to raise USD30.3mfor acquisition of Amerton Inc

- PAAB snubs offer forjoint venture

- Cambodia okaysOSK proposal

- Adventa gets revisedtakeover offer from Aspion

- Autoair gets takeover at23 sen a share

- Bursa assessingCybertowers’ trading activities

- Tanco subsidiary sellsPD land

- Brahim's expands intoJapan

FOREIGN NEWS HIGHLIGHTS

- Cisco wins EU approvalfor USD5.0b NDS acquisition

- TPG makes freshUSD712.0m bid for Australia'sBillabong

 ECONOMIC NEWS HIGHLIGHTS (MACROBITS)

Global

- Fitch Ratings: Ratings With Negative Outlook Double

Malaysia

-  Malaysia'sDebt Still Manageable, Says Idris Jala

Asia

-  ChinaManufacturing 'Picking Up', Hsbc Survey Indicates

USA

- Home Values Post First Year-Over-YearIncrease Since 2007

Europe

-  Spain UnderNew Pressure As Borrowing Costs Rise

- GreeceRecession Will Deepen, Says Antonis Samaras

Currencies

- Dollar Extends Gains ToTwo-Year High

Commodities

- Oil Up On China Data, But EuropeConcerns Limit Rise

- Gold Edges Up On EuroZone Fears, Dollar Limits Gains

Source: Kenanga