IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l Results Note: BURSA
l On Our Radar Review: On The Right Track
l Technically Speaking: MBFH, MYEG
l Economic Viewpoint: Malaysia’s September Inflation
NEWS HIGHLIGHTS
l Canada blocks USD5.2b Petronas bid for Progress Energy
l TM open to tie-ups; already collaborating with Celcom
l Sime Darby denies allegations
l Scomi’s restructuring faces hurdles
l BAT Malaysiaannounces cigarette price increases effective Oct 22
l TH Heavy Engineering says unaware to be lifted out from PN17
FOREIGN NEWS HIGHLIGHTS
l Rosneft, BP said to still be in talks on USD28.0b TNK-BP sale
l San Miguel bids to acquire unspecified USD5.0b target
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia Pacific
l China's Foreign Investment Shows Further Declines
l China’s Third-Quarter Land-Price Inflation Cools To 1.77%
l Australia Set For Budget Savings Amid Sturdy Economy, Swan Says
USA
n Existing U.S.Home Sales Decline As Supply Drops
Europe
l Spanish Yields Drop To 6-Month Low Amid Moody’s Rating Optimism
l UK Public SectorBorrowing FallsTo £12.8b
Currencies
l Dollar Gains On Weak Earnings, Economic Data
Commodities
l Oil Falls On Economic Fears, Pipeline Restart Estimate
l Gold Has Biggest 1-Day Drop Since July On Eco Fears
Source: Kenanga
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