Tuesday, 11 December 2012

Kenanga Today - 11 Dec 2012


NEWS HIGHLIGHTS
l Petronas to complete Progress deal Dec 12
l SC approves MPHB Capital listing
l George Kent 3Q net profit rises 27.65% to RM4.57m
l Axiata unit to buy stake in Digital
l Jetson clinches RM29.0m subcontract
l Pelikan International Corp aims for double-digit sales growth in China
l 24m Tiger warrants converted
l Scomi CEO expands shareholding
l Unico-Desa IPO oversubscribed 11.6 times

FOREIGN NEWS HIGHLIGHTS
l HSBC said to pay at least USD1.9b in U.S. probe
l Chinese group buys AIG aircraft firm for up to USD4.8b
l Yahoo and NBC Sports Group to combine sports content

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l Japan Economic Data Revision Suggests Recession
l China's Export Growth Weaker Than Expected
USA
l US And UKAgree Failed Banks Plan
Europe
l Euro Zone Crisis Triggers US$70bil Collapse In Cross-Border Lending To Emerging Economies
l German Exports Unexpectedly Rose On Non-European Trade
l French Business Confidence, Industrial Output Decline
l Italy Industry Output Dives, Dashing Recovery Hopes
l Greece Extends Debt Buyback Deadline After Nearing Target
l Recruitment In Britain Rises At Fastest Rate In 19 Months
Currencies
l Euro Recovers Losses Spurred By Italian Turmoil
Commodities
l Brent Oil Gains After Chinese Oil Imports Grow
l Gold Rises On US Budget Talks, Fed Stimulus Hopes

Source: Kenanga

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