Kenanga Today : 5 July 2012

Kenanga Today

IDEAS OF THE DAY (SEE SEPARATE REPORTS FORDETAILS)

-  IPO Notes: OCK Group

-  Company Update: Bursa Malaysia

-  Economic Viewpoint: Malaysia External Trade

 NEWS HIGHLIGHTS

-   MMC to submit proposal on KTMB

-   MRT Corp awards two more jobs worth RM1.6b

-   Genting M’sia restructures UK subsidiaries

-   Sime Darby set to seal Battersea deal

-   YTL buys back 17.9m of its own shares for RM36.5m

-   AirAsia X, MAS to fly to Nepal

-   IHH eyes China, India after flotation

-   NTPM takes lease on Vietnamese Land

 FOREIGN NEWS HIGHLIGHTS

-   Exxon Mobil said to explore sale of German Esso gas stations

-   Volkswagen aims to wrap up Porsche purchase on Aug 1

ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)

Malaysia

-   Exports In The Month Of May Grew By 6.7% YoY,

-   Ron97 Petrol Price Dips To RM2.60.

Europe

-   Weak Eurozone Services Data Ahead Of ECB Rate Decision.

-   Eurozone Retail Sales Edge Up But Trend Still Weak.

-   Italy's Budget Deficit Widens In First QuarterOf 2012.

-   Hollande Unveils 7bn-Euro Tax Rise For Rich And Firms.

Currencies

-   Dollar Gains In Thin Trading.

Commodities

-   Oil Declines From One-Month High On Fuel Demand Concern

-   Gold Steadies, Nearing Highest In Two Weeks

Source: Kenanga