Kenanga Today - 20 Nov 2012

NEWS HIGHLIGHTS

- JobStreet 3Q profit up 37.5% on stronger online job postings

- China Stationery 3Q profit up 98% on higher sales

- CIMB to be top regional financier for big SGD13.1b Singaporedeal

- Matang, Scope agree on deal

- Tatt Giap to sell 49.0% stake in unit for RM20m

- NTPM invests USD19.0m in Vietnam plant

- Bina & Kuari clinches UEM road-paving job

- Bina Goodyear may be under PN17

FOREIGN NEWS HIGHLIGHTS

- Hedge fund Tiger Global discloses big Groupon stake

- JPMorgan appoints Marianne Lake to replace Braunstein as CFO

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

- Malaysia Vehicle Sales Accelerate 20.7% To 55,358 In October

Asia

- Thai Post-Flood Recovery Slows As Global Demand Cools

- China Home Price Rise Indicates Small Rebound In Demand

USA

- US Home Sales Continue To Rise

Europe

- Moody's Strips France Of Triple-A Rating, Downgrades One Notch

- Troika Says Portugal’s Economic Program On Track

- Spain's Banks See Bad Debts Hit New High

- UK's Cameron Pledges To Lower Hurdles To Growth

Currencies

- Dollar Falls As Cliff Hopes Boost Stocks

Commodities

- Oil Rises 2.5% On MideastTensions, US Optimism

- Gold Firms, Buoyed By Middle East

Source: Kenanga