Kenanga Today : 6 August 2012

NEWS HIGHLIGHTS

- Silk Holdings secures three Exxonmobil contracts worthRM57.4m

- LNG proposes to acquire 100% stake in OFM for RM32.0m

- Datasonic to raise RM41.0m for capital, expansion

- Chin Well expanding ops

- Pinehill Pacific to dispose of two parcels of land forRM16.7m

- Emico plans to sell land for RM8.6m

- Tadmax's JV to build Papua timber complex

- SilverBird's suit shocks accountants; may result in higher audit fees

FOREIGN NEWS HIGHLIGHTS

- GM may write down Peugeot stake if Europeworsens

- Apple needs sharp with Foxconn stake as new Iphone nears

- Knighttalking to several parties on financing

ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)

Asia

- China, India Service Sectors Defy GlobalDownturn.

- China Central Bank To Step Up Monetary Policy Fine-Tuning InSecond Half.

USA

- US Economy Adds 163,000 New Jobs.

- Treasuries Fall as Better Job Gains Slow Fed Speculation.

- Service Industries in U.S. Expanded at Faster Pace inJuly.

Europe

- Eurozone Companies 'Weak In July'.

- IMF’s Talks With Greece Show Progress, Fund OfficialSays.

- UK Service Sector Output 'Unexpectedly SlowsIn July'.

- Spain 2-Year Yield Drops Most in 2012 on ECBBuying Speculation.

Currencies

- Dollar Down 1% on Jobs while Euro, Bonds Rally.

Commodities

- Oil Surges Most in a Month as U.S. Adds Jobs, Services.

- Gold Rises as Stimulus Hopes Alive after Payrolls.

Source: Kenanga