Friday 4 January 2013

Kenanga Today - 4 Jan 2013


NEWS HIGHLIGHTS
l AirAsia withdraws daily Penang-HK flights from March 4
l Boustead acquisition to increase land bank
l Destini to expand aviation equipment services, buys RM14.8m property
l GW Plastics sells units, maintains listing
l Bursa Malaysia queries Bright Packaging over unusual market activity
l Maxwell extends timeframe on IPO proceeds
l EPF sells Wah Seong shares

FOREIGN NEWS HIGHLIGHTS
l Disney Seeks to Halt Bankruptcy Sale of 3-D Technology
l Hormel buys Unilever's Skippy peanut butter for USD700.0m

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia
l Malaysian Businesses To Benefit From China-HK Pact

Asia
l Japan’s Aso Targets Myanmar Markets Amid China Rivalry
l China Services Sector Sees Growth Pick Up

USA
l Consumer Confidence Improves As Hiring In U.S. Picks Up
l Jobless Claims In U.S. Rose More Than Forecast In Holidays
l Concern Over Federal Reserve's Bond-Buying Programme

Europe
l Spain Sees Jobless Total Fall In December
l German Unemployment Rose Less Than Forecast In December

Currencies
l Dollar Jumps After Fed Signals End To QE

Commodities
l Brent Crude Slips As Profit Taking, Fed Minutes Weigh
l Gold Down 1.2% As Fed Minutes Show Doubts On QE

Source: OSK

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