Wednesday 30 January 2013

Kenanga Today - 30 Jan 2013


NEWS HIGHLIGHTS
l Gadang Holdings’ 2Q net profit leaps more than 11 times
l Triplc posts lower net profit 2Q
l Tower REIT posts RM44.9m net profit for 4Q12
l K-One secures RM40.0m orders for mobile phone accessories
l Salcon seeks partners for China listing
l City of Londonpurchases more icapital.biz shares
l SIG buying 2 firms for RM151.2m
l Muda Packaging acquiring KF Paper

FOREIGN NEWS HIGHLIGHTS
l SingTel sells Warid Telecom stake to Abu Dhabi
l Lilly profit beats analyst estimates

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l Malaysia Sees RM1bil Foreign Direct Investment From ChinaThis Year
Asia
l India Cuts Interest Rates For First Time In Nine Months
l Japan’s Defense Spending To Increase For First Time In 11 Years
l China Rural-Income Gains Aid Shift Toward Consumption
USA
l Price Gains Signal U.S. Housing to Boost Growth
l Consumer Confidence in U.S. Falls to Lowest Level Since 2011
Europe
l Spain's Retail Sales Drop For 30th Month
l Greek Finance Minister Eyes 2014 Recovery For Economy
l German Consumer Confidence To Rise In February, Gfk Says
l Polish 2012 GDP Slowed To 2% On Consumer Demand, Exports
Currencies
l Dollar Falls As Aussie, Kiwi Score Gains
Commodities
l Brent Crude Holds Steady Above $113 On Positive U.S.Data
l Gold Rises, Ending Four-Day Slide; FOMC Eyed

Source: Kenanga

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