Welcome to Bursa Malaysia/KLSE Research Summary

Welcome to Bursa Malaysia/KLSE Research Summary

Friday, November 14, 2014

Kenanga: 14 Nov 2014

IDEAS OF THE DAY
l  Results Note: MAXIS
l  Company Update: MPI
l  On Our Technical Watch: ALAM, SUPERMX
NEWS HIGHLIGHTS
l  Econpile secures RM30.0m contract for condominium project
l  51.0% NBPOL stake ideal
l  Pos Malaysia submits proposal for fuel subsidy rationalisation plan
l  Encorp seeks RM68.0m in claims over wrongful termination of contract
l  I-Bhd plans theme park expansion in rural area
FOREIGN NEWS HIGHLIGHTS
l  Alibaba seeking USD8.0b in first U.S. bond sale
l  Buffett's Berkshire Hathaway buys P&G's Duracell
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 
Global
l  Banks Back G20 Infrastructure Hub
Asia
l  China October Data Shows Economy Cooling Further, Need For More Policy Support
l  Bank Of Korea Keeps Policy Steady In Nov, Dims Rate Cut Outlook
l  Bank Indonesia Holds Rate Before Widodo Fuel-Price Move
l  India And US Reach WTO Breakthrough Over Food
Americas
l  Jobless Claims In U.S. Rose More Than Forecast Last Week
l  Hiring In U.S. Picks Up As Workers Gain Confidence To Quit Jobs
l  U.S. Budget Deficit At $122b In October
l  China, Mexico Eye $7.4b In Investment Funds
Europe
l  Greek Unemployment Eases To 25.9% In August
l  ECB Reiterates Ready To Act As Experts Cut Forecasts
Currencies
l  Yen Drops To 7-Year Low Vs Dollar As Japan Election Talk Picks Up
Commodities
l  Oil Slumps To Four-Year Low As Brent Crashes Below $80 A Barrel
l  Gold Down On Drop In Oil Prices, Bright US Outlook

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