Welcome to Bursa Malaysia/KLSE Research Summary

Welcome to Bursa Malaysia/KLSE Research Summary

Tuesday, November 18, 2014

Kenanga: 18 Nov 2014

IDEAS OF THE DAY
l  Results Note: ASIABRN, IOICORP, MATRIX
l  On Our Radar: GUH
l  On Our Technical Watch: KIANJOO, QL
NEWS HIGHLIGHTS
l  Felda partners ECERDC to develop Kuantan land
l  Sona to continue Salamander pursuit
l  Daya Materials to acquire DP2 offshore subsea construction vessels
l  IJM, SILK agree to pact extension
l  TH Heavy shares up on RM90.0m Petronas contract award to unit
FOREIGN NEWS HIGHLIGHTS
l  Halliburton to buy Baker Hughes for USD34.6b
l  Allergan agrees to USD66.0b Actavis offer; Valeant walks
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 
Asia Pacific
l  Japan's Economy Makes Surprise Fall Into Recession
l  Japan Seeks To Strengthen 2015 Growth After Recession Hit
l  China To Cut 40b Yuan A Year In Fees To Spur Business Growth
l  Thai Economy Grows Less Than Estimated
l  Indonesia Raises Fuel Prices As Jokowi Enacts Key Pledge
l  Australia, China Deepen Ties With Landmark Free Trade Deal
USA
l  Industrial Output In U.S. Unexpectedly Fell In October
Europe
l  Draghi Says ECB Measures May Entail Buying Government Bonds
Currencies
l  Dollar Rises Against Rivals After Data
Commodities
l  Oil Ends Down On Japan, But Pares Loss On OPEC Speculation
l  Gold Eases Off Two-Week High As Dollar Gains On Japan Recession

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