Welcome to Bursa Malaysia/KLSE Research Summary

Welcome to Bursa Malaysia/KLSE Research Summary

Thursday, November 20, 2014

Kenanga: 20 Nov 2014

IDEAS OF THE DAY
l  Results Note: AIRASIA, AMBANK, KLK, STAR
l  Quick Bites: PMETAL
l  On Our Radar: FIBON
l  On Our Technical Watch: GENTING, UNISEM
NEWS HIGHLIGHTS
l  Shell, Petronas Carigali to develop E6 field offshore Malaysia
l  MSM to seal Asian deals soon
l  EA Technique signs underwriting pact with RHB Investment Bank
l  Farlim to sell Penang shoplot for RM2.2m
l  Minetech to venture into gold mining in Indonesia
FOREIGN NEWS HIGHLIGHTS
l  E.ON, Macquarie in exclusive talks over Spanish ops
l  Royalty Pharma buys royalties on Vertex Pharma drugs for USD3.3b
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 
Asia
l  Bank Of Japan Stands Pat Despite Grim GDP
l  OECD Ups India Growth Outlook, Urges Structural Reforms
USA
l  Single-Family Housing Starts In U.S. Rise Along With Permits
l  Fed Officials On Guard For Signs Of Lower Inflation Expectations
Europe
l  Bank Of England Voted 7-2 To Hold Interest Rates
l  German Exporters See 2015 Growth, Expect More Russia Sanctions
l  Bank Of Spain Calls For Increased Deficit Cutting Efforts
Currencies
l  Dollar Surges Past ¥118 After Fed Minutes
Commodities
l  Oil Down On Fed Uncertainty Over U.S. Economy; OPEC In Focus
l  Gold Down 1 Pct On Swiss Referendum Poll, Fed Minute

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