Thursday 20 December 2012

Kenanga Today - 20 Dec 2012


NEWS HIGHLIGHTS
l Scientex Q1 net profit up 20.6% to RM24.9m
l Hai-O double earnings in 2QFY13 to RM16.1m
l Apollo Food net profit jumped 85%
l LB Aluminium posts higher Q2 earnings
l New Hoong Fatt to acquire Jakarta land for RM22.9m
l MyEG allocates RM60.0m capex for two new online services

FOREIGN NEWS HIGHLIGHTS
l Macquarie to shut Singapore infrastructure fund on outlook
l UBS fined USD1.5b in growing Libor scandal

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l November CPI Stays At 1.3%
l Zeti Sees Growth To Hold Steady At 5% Next Year
Asia Pacific
l Asia Business Sentiment Edges Up In Fourth Quarter, But Global Worries Persist
l Japan Exports Slide Even As Yen Decline Improves ’13 Outlook
l World Bank Raises China Growth Forecast
l N.Z.’S Economic Growth Slows More Than Forecast
USA
l Building Permits Increase As U.S. Housing Rebounds
l Housing Starts Fall As Northeast Feels Effects Of Sandy
l Republicans Said To Consider Spending Cuts In Bill
l Fitch Warns US Could Lose AAA If 'Fiscal Cliff' Hits
Europe
l German Business Confidence Rises
Currencies
l Euro Comes Off 8-Month High Vs. Dollar
Commodities
l Oil Rises On U.S.Budget Deal Hopes, Demand Optimism
l Gold Ends Flat, U.S. Budget Talks In Focus

Source: Kenanga

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