Kenanga Today : 14 August 2012

NEWS HIGHLIGHTS

- MSM Malaysia’s 2Q net profit falls 31.1% YoY to RM52.8m

- Handal’s 2Q net profit falls 40.0% YoY to RM1.8m

- UAC earnings up on better margin

- FFM buys another 20.0% of Wilmar’s flour mill

- Minorities advised to accept UM Land privatisation  offer at RM2.50 per share

- Malakoff kicks off construction of RM6.5b Tanjung Bin plant

- Sime Darby gets China's nod for trading business

- Berjaya Assets’ bid for lower public spread rejected

- MAS expects 15% growth in passenger load from India

- Encorp to expand landbank

FOREIGN NEWS HIGHLIGHTS

- Google plans to eliminate 4,000 jobs at Motorola division

- Baer close to buying Merrill wealth unit, says sources 

Source: Kenanga