Thursday, 25 October 2012

Kenanga Today - 25 Oct 2012

NEWS HIGHLIGHTS
l KAF 1Q net profit jumps 119.25% to RM3.53m
l Zhulian 3Q profit up 16.0% to RM28.2m
l RM3.7b Nusajaya deal
l Bumi Armada secures contracts worth RM147.0m
l Masterskill To Embark On Transformation Plan
l Amcorp Prop to net RM27.2m from N9 land sale
l Phisontech eyes Bursalisting
l Lion Industries to buy firm for RM24.1m
l Amtel unit buys property in Glenmarie
l Pacificmas to be delisted from Bursa

FOREIGN NEWS HIGHLIGHTS
l Iconix to buy Umbro from Nike for USD225.0m
l Singapore Airlines in USD7.5b Airbus deal


ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l Clear proof of ETP success
Asia Pacific
l China Manufacturing Contracts At Slower Pace, HSBC Says
l Australian Inflation Accelerates, Paring RBA Rate-Cut Bets
l N.Z. Holds Benchmark Rate At 2.5% As Wheeler Term Begins
USA
l Fed Says Growth ‘Moderate’ While Maintaining Bond Buying
l Home Sales Rising To Two-Year High Spur U.S. Growth
l Mortgage Applications Slump, Borrowing Rates Rise
Europe
l Eurozone Business Activity Hits Fresh Low
l Eurozone Debt Soars To 90% Of Its Economy
l Greece To Get Bailout Extension, Says Finance Minister
l Spain Lawmakers Reject Amendments To 2013 Budget
l CBI Points To UKManufacturing Gloom
l German Ifo Business Confidence Unexpectedly Fell In October
Currencies
l Hong Kong Weakens Local Currency Again
l Dollar Holds On To Modest Gains After Fed Decision
Commodities
l Oil Falls On Crude Stocks Rise, Europe's Weak Data
l Gold Falls To $1,700/Oz As Fed Offers Few Surprises

Source: Kenanga

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