Welcome to Bursa Malaysia/KLSE Research Summary

Welcome to Bursa Malaysia/KLSE Research Summary

Friday, November 21, 2014

Kenanga - 21 Nov 2014

IDEAS OF THE DAY
l  Sector Update: Automotive
l  Results Note: AEON, ALAM, CBIP, GENP, KOSSAN, MAHSING, POS, QL, RHBCAP, TGUAN, YTLPOWR
l  Quick Bites: SKPETRO
l  On Our Technical Watch: CYPARK, SMRT
NEWS HIGHLIGHTS
l  IJM secured RM355.7m building jobs (Comments included in Kenanga Today)
l  KPJ gets nod for RM1.5b sukuk scheme
l  BDB unit to complete 323 PR1MA houses
l  MUI shares suspended
l  RM420.0m financing for MRCB unit
FOREIGN NEWS HIGHLIGHTS
l  Janus says Soros’s Quantum puts USD500.0m with Gross
l  GoDaddy aims to list next year, seeks USD4.5b valuation
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 
Asia
l  Japan’s Exports Rise Most In 8 Months In Recovery Sign
l  China Manufacturing Activity Hits Six Month Low
USA
l  U.S. Factory Activity Growth Slips In November: Markit
l  U.S. Underlying Inflation Rising; Economy Firming Broadly
l  U.S. Jobless Claims Fall; Continuing Claims Lowest Since 2000
l  U.S. Existing Home Sales Hit One-Year High In October
l  Leading Economic Indicators In U.S. Rise More Than Forecast
Europe
l  Euro-Area Growth At Risk As Factories, Services Weaken
l  Euro Zone Consumer Confidence Falls In November
l  French Business Slump Eases Slightly In November But New Business Drying Up: PMI
l  UK Retail Sales Rose By 0.8% In October As Prices Fell
Currencies
l  Dollar Falls From Seven-Year High Against Yen
Commodities
l  Oil Up After 3-Day Loss On Strong U.S. Data, OPEC Cut Speculation
l  Gold Rises As Price Drop Tempts Physical Buyers

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