Kenanga Today - 6 July 2012

IDEAS OF THE DAY (SEE SEPARATE REPORTS FORDETAILS)

- Technically Speaking: Market Snapshot: Stock of the Day– JCY International

- Quick Bites: S P Setia

- Economic Viewpoint: Bank Negara Malaysia MPC meeting

 NEWS HIGHLIGHTS

- AirAsia's F&B segment aims to boost revenue contribution

- HSL wins RM291m UiTM campus contract

- MAS targets 20-30% digital revenue growth

- Gunung Capital in joint bid for Saudi job

- Hektar REIT bullish on strategies

- Ho Hup to start work on Bukit Jalil land

FOREIGN NEWS HIGHLIGHTS

- Qatar sticks to its guns on Glencore's Xstratabid

- Crunch time for Sinopec, ENN in USD2.2b China Gas bid

ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)

Malaysia

- BNM MPC maintaining OPR at 3.00%

Asia Pacific

- China's Central Bank Cuts Interest Rates InGrowth Move

- Australia Racks Up Record Exports To ChinaIn May

USA

- Fewer Americans Than Forecast File Unemployment Claims

- ADP Says U.S. Companies Added 176,000 Workers In June

- Service Industries In U.S. Grew Less Than Forecast InJune

- US Retailers Hit By Slower Spending

Europe

- ECB Cuts Eurozone Rates To Record Low Of 0.75%

- Bank Of EnglandPumps £50bn More Into Economy

- UK: House Prices Rose By 1% In June, SaysThe Halifax

- Ireland 'Encouraged' By Successful Bill Auction

Currencies

- Euro Falls To Five-Week Low After ECB, BOE

Commodities

- Oil Drops As ECB’s Draghi Says Economic Risks Remain

- Gold Falls After Cenbank Easing, Eyes US Payrolls

Source: Kenanga