Welcome to Bursa Malaysia/KLSE Research Summary

Welcome to Bursa Malaysia/KLSE Research Summary

Wednesday, November 26, 2014

Kenanga - 26 Nov 2014

IDEAS OF THE DAY
l  Results Note: BARAKAH, BIMB, DLADY, HLBANK, IHH, IJM, IJMLAND, IJMPLNT, KPJ, NOTION, PERDANA, TAANN, UOADEV, UZMA
l  On Our Technical Watch: ASTRO, KAREX
NEWS HIGHLIGHTS
l  Sona gets SC approval, faces task to secure Salamander Energy asset
l  Contraves bags GBP3.9m job from Boustead Naval
l  KKB Engineering's unit bags RM43.9m contract
l  EEMSB wins RM79.0m MRT Corp job
l  RM192.0m BAuto share placement
FOREIGN NEWS HIGHLIGHTS
l  Apple tops USD700.0b valuation, fueled by new products
l  Ship broker Clarkson looks to acquire Norway's Platou for USD440.0m
l  United Technologies’ CEO leaves with USD172.0m package
l  Carlyle to buy tyre firm stake in maiden South Africa deal
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS) 
Global
l  OECD Sees Gradual World Recovery, Urges ECB To Do More
 
Malaysia
l  IMF: Growth Prospects Still Strong
l  Malaysia’s September Unemployment Rate Stays At 2.7pc
 
Asia
l  China Cuts Key Short-Term Money Rate As Beijing Pushes Down Cash Costs
 
USA    
l  Consumer Confidence In U.S. Unexpectedly Dropped In November
l  Home Prices In 20 U.S. Cities Increase At A Slower Pace
l  US Economy Grows Faster Than First Forecast
 
Europe
l  UK Service Sector Grows Steadily In Three Months To November
l  Jump In Private Consumption Helps Germany Avoid Recession In Third Quarter
l  Italy Retail Sales Post Fifth Consecutive Monthly Fall In September
 
Currencies
l  Dollar Weakens Against Rivals After Consumer-Confidence Data
 
Commodities
l  Oil Down 2 Pct As Pre-Opec Talks Don't Lead To Output Cut
l  Gold Edges Higher As U.S. Dollar Eases; Swiss Vote Eyed

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