Tuesday 18 December 2012

Kenanga Today - 18 Dec 2012


NEWS HIGHLIGHTS
l Silk registers 1QFY13 net profit RM2.8m, stays cash positive
l TA Enterprise 3Q net profit rises 187% YoY
l Magni-Tech earned 16% more in net profit
l UEM in RM17.5b Turkey job
l Khazanah selling 45% stake in Time Engineering
l Magna Prima acquires PJ land for RM23.0m
l Metronic board shake-up

FOREIGN NEWS HIGHLIGHTS
l U.S. agency sues JPMorgan over mortgage securities
l Deutsche bank employees are said to seek jail release

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l LDP Landslide Win Clears Pipes For Japan Fiscal Spigot
l India Cuts Growth Forecast
USA
l Obama And Boehner Meet As Fiscal Cliff Talks Pick Up
l Foreign Share In US Debt At Record High
Europe
l Greece's Lenders Warn Of 'Very Large' Risks To Bailout
l Euro-Area Exports Fall For A 2nd Month
Currencies
l Dollar Jumps To 19-Month High Vs. Yen
Commodities
l Oil Near $108, U.S. Fiscal Talks Eyed
l Gold Ends Near Flat, Capped By Us Budget Talks Progress

Source: Kenanga

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