Kenanga Today - 3 Dec 2012

NEWS HIGHLIGHTS

- BLD Plantation3Q profit falls 26.1%

- MAA 3Q profit plunges 97.2%, revenue down 76.9%

- Hubline 4Q loss narrows for full-year profit

- TNB awards RM2.5b job to Samsung Engineering

- Clearer picture to Tiger Synergy's 'takeover' this week

- Scomi trains to run in Mumbai

- Bursa Malaysiaamends listing requirements for Main and Ace markets

FOREIGN NEWS HIGHLIGHTS

- Credit Suisse said to sell home-loan bonds in USD330.0m deal

- Delta eyes Virgin Atlantic swoop

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia Pacific

- Japan Cabinet Approves $10.7bn Second Stimulus Package

- China’s Manufacturing PMI Expands For A Second Month

- India's Economic Growth Rate Slows To 5.3%

Americas

- Consumer Spending In U.S.Declines As SandyReduces Wages

- Business Activity In U.S. Expands For First Time In Three Months

- Geithner And Boehner In 'Fiscal Cliff' Talks Stalemate

- Canada Economy Slowed In Third Quarter On Exports

- Brazil Economy Slows Unexpectedly

Europe

- Eurozone Unemployment Rate Hits New High In October

- EFSF, European Stability Mechanism Ratings Cut By Moody’s

Currencies

- Dollar Hits Highest level Since April vs. Yen

Commodities

- Oil Posts First Monthly Rise Since August

- Gold Down For Day And Month On U.S. Fiscal Worries

Source: Kenanga