Monday 21 January 2013

Kenanga Today - 21 Jan 2013

NEWS HIGHLIGHTS
l Revaluation surplus of RM435.6m for Pavilion REIT
l MPHB sells AAA for RM169.3m
l Jetson accepts LoA from Clearwater
l Eswaran’s Pinehill stake sold
l JAKS says contract value revised downwards
l Perwaja sued by Petronas
l BCorp’s Tancontinues to buy TMC shares

FOREIGN NEWS HIGHLIGHTS
l Santander eyes GBP2.0b bid for NAB UKassets
l Bill Gates group invests USD1.0b in Orascom Construction

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l China's Outbound Investment Leaps To Record High In December
USA
l Confidence FallsAs U.S.Payroll Tax Rise Hits
l Treasuries Gain For Second Week Amid Debt-Ceiling Stalemate
Europe
l UK Retail Sales Fall In December
l Italy Needs 9 Billion Euros For Deficit Goal, Official Says
Currencies
l Dollar Gains For The Week China Data
Commodities
l Brent Crude Settles Higher On Supply Threats, Posts Weekly Gain
l Gold Slightly Lower After Weak U.S. Consumer Data

Source: Kenanga

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