Friday 12 October 2012

Kenanga Today - 12 October 2012


NEWS HIGHLIGHTS
l Petronas’ RM170.b projects ‘at risk’ if payment to states raised
l AMMB to run Kurnia and AmG under single licence
l Astro grants near 21.9m share options
l AirAsia buys 121.6m shares of Tune Ins for RM16.0m
l Tan Chong upbeat on new Almera
l KSTB gets oil & gas services licence
l Haisan to dispose of Guanzhou unit

FOREIGN NEWS HIGHLIGHTS
l Icahn makes offer to acquire Oshkosh in USD3.0b deal
l Gibson to buy U.S. oilfield services company OMNI, hikes payout
l Workday raises USD637.0m in IPO, pricing shares above range

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l 0.7% Decline In IPI, Lowest In 15 Months
Asia
l Bank Of KoreaSharply Cuts Economy's Growth Forecasts
l China Raises Rail Spending Plan Again To Support Economy
l China’s Banks Said To Resist Cutting Lending Rates
USA
l Jobless Claims In U.S. Fall To Four-Year Low
l Trade Deficit In U.S. Widened In August As Exports Dropped
l Consumer Comfort In U.S. Stayed Near Three-Month High Last Week
Europe
l Greece Unemployment Hits A Record 25% In July
l Italy Weathers Spanish Downgrade In Strong Bond Sale
Currencies
l Dollar Eases As Euro Recovers From Spain Downgrade
Commodities
l Oil Rises As Turkey-Syria Tensions Fuel Supply Concerns
l Gold Up With Riskier Assets, Snaps Four-Day Decline

Source: Kenanga

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