Wednesday 12 September 2012

Kenanga Today : 12 September 2012


NEWS HIGHLIGHTS
l        Konsortium Logistik appointed logistics service provider for MRT, Petronas Carigali
l        Ranhill’s water money: Company sees generating RM976.0m from China water concessions
l        TNB eyes RM5.0b revenue from non-regulated businesses by 2015
l        Boustead Naval Shipyard gets RM70.0m contract from Ministry of Defence
l        BCorp, Mazda in tie up
l        Malindo Airways not a threat says Fernandes
l        Mulpha International issues USD65.0m debt notes

FOREIGN NEWS HIGHLIGHTS
l        Coca-Cola Masala gets USD5.0b to catch Pepsi in India: retail
l        Texas Instruments narrows 3rd-quarter profit, sales outlook
l        Silver Bay Realty Trust files for USD287.5m IPO

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l        Lower Deficit Under Budget 2013, On Target For 3% Deficit In 2015
l        Malaysia-Russia Trade To Soar
Asia
l        China Growth On Track, Says Wen Jiabao
l        China's Lending Surges In August, But M2 Disappoints
USA
l        Moody’s Warns On Us Credit Rating
l        Trade Gap In U.S. Widens As Exports Start To Wane
Europe
l        UK Trade Deficit Narrows In July As Oil Exports Rise
l        Portugal Given More Time To Cut Deficit
Africa
l        South Africa Manufacturing, Current Account Show Weakness
Currencies
l        Dollar Index Falls To A Four-Month Low
Commodities
l        Oil Rises For Fifth Day On Speculation Of Fed Stimulus
l        Gold Firms; Investors Eye Fed Decision, German Ruling

Source: Kenanga

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