Tuesday, 6 November 2012

Kenanga Today - 6 Nov 2012

NEWS HIGHLIGHTS
l Pavillion REIT posts RM48.7m pre-tax profit
l SKP registers higher H1 profit
l GDEX doubles 1Q13 net profit to RM3.5m
l About 99.0% of KFCH shareholders vote for privatisation
l Hiap Huat to raise RM17.0m from IPO
l TNB launches RM30.0m Pulau Besar project
l UMW unit to sell 60.0% stake in Offshore
l Hayat Maya buys 5.3% stake of Tiger Synergy
l Ya Horng aims to go private via selective capital cut

FOREIGN NEWS HIGHLIGHTS
l Apple share of tablet market dips as Amazon, Samsung Gain
l Credit Agricole seals USD1.3b broker sale to CITIC

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l M'sia And European Free Trade Association Agree To Negotiate Free Trade Agreement Asia Pacific
l S'pore Production Activity Shrinks For Fourth Straight Month
l Indonesia’s Economic Growth Exceeds 6% As Investment Climbs
l China’s Non-Manufacturing Industries Signal Rebound Ahead
l Australia Retail Sales Rise, Trade Gap Narrows


USA
l Service Industries In U.S. Show Expansion’s Resilience

Europe
l Number Of Jobless In Spain Jumps By 2.7% In October
l Greece Presents Crucial Cuts Package To Parliament
l UK Service Sector Growth 'Weakest In Almost Two Years'

Currencies
l Euro Hit Two-Month Low On Greece Woes

Commodities
l Oil Higher In Choppy, Light Trade Ahead Of Electionl Gold Rises On Short-Covering, U.S. Election eyed

Source: Kenanga

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