Thursday 14 February 2013

Kenanga Today - 14 Feb 2013


NEWS HIGHLIGHTS
l AZRB gets RM1.6b govt contract for East Klang Valley Expressway
l KKB Engineering awarded with RM32.8m job
l Samudra gets O&G contract from Mubadala Devt Co. subsidiary
l Java posts net loss of RM6.2m in 2Q
l MISC gets more time to submit draft independent advice circular
l MMC and partners sign 20-year water purchase pact
l Salim, son to helm MRCB

FOREIGN NEWS HIGHLIGHTS
l AMR creditors approve American-US Air merger

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l India Posts $20 Billion Trade Gap In January, One Of Its Widest
l Philippines Sees Record Investments Boosting Growth Prospects
USA
l Retail Sales In U.S. Increase For Third Straight Month
l Obama Drive To ‘Reignite’ USEconomy
l No Agreement On $1.2 Trillion In Cuts As Deadline Nears
Europe
l EU And US Free-Trade Talks Launched
l Euro Zone Factory Output Up As Economy Slowly Recovers
l King Says U.K.Faces Inflation Bout Plus Weak Growth
l Italy Clinches 30-Year Bond Sale Ahead Of Vote
Currencies
l Dollar Trims Loss Vs. Yen Amid G-7 Confusion
Commodities
l Brent Firm Near $119, U.S. Crude Stocks Rise
l Gold Drops Below $1,650, Focus Shifts To Equities

Source: Kenanga

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