MARKET ROUNDUP (Source Bloomberg)

European Stocks Advance Amid China Stimulus Speculation:
as an unexpected decline in Chinese manufacturing boosted speculation the government will announce further stimulus. The U.K.'s FTSE 100 increased 0.8 percent. France's CAC 40 rose 1.2 percent, while Germany's DAX climbed 0.6 percent.

Oil Rises To Highest In One Week On Stimulus Speculation: on speculation central banks will take more steps to boost growth after reports signaled the economic slowdown is deepening. Oil for October delivery increased as much as 83
cents to $97.30 a barrel in electronic trading on the New York Mercantile Exchange, the highest intraday price since Aug. 27, and was at $96.86 at 9:29 a.m. Sydney time. There was no floor trading yesterday because of the U.S. Labor Day holiday and transactions since the Aug. 31 close will be booked with today's
trades for settlement. Front-month prices are 2 percent lower this year.

CORPORATE NEWS

KKB unit signs RM74m deal with CMSIT: signed a two-year contract, worth about RM74.4 million, with CMS Infra Trading Sdn Bhd (CMSIT) for the supply of concrete-lined mild steel pipes and mild steel mechanical coup-lings. CMSIT is a subsidiary of Cahya Mata Sarawak Bhd, a major shareholder of
KKB.

Nam Cheong to sell 2 barges for US$59m: Singapore Stock Exchange-listed Nam Cheong Ltd clinched two contracts for the sale of two Accommodation Work Barges (AWBs) worth US$59 million (RM183.49 million) to Perdana Petroleum Bhd. Nam
Cheong, Malaysia's largest Offshore Support Vessel shipbuilder, has hit a high of RM1.06 billion in contract value, surpassing last year's figure of RM757 million.

Btimes

Celcom Axiata posts good results; telco to kick-start data campaign- recorded a 16% year-on-year growth in net profit to RM570mil for the second quarter ended June 30. Advanced data was one of the key revenue drivers, contributing 23.3% or
RM447mil of the second quarter's RM1.92bil revenue.

Zelan awarded RM215mil job: via wholly-owned subsidiary Zelan Construction Sdn Bhd for the subcontract works in relation to the development of the 1,000 megawatt coal-fired power plant in Tanjung Bin, Johor. The contract was awarded by Mudajaya Corp Bhd for the engineering design and construction of the cooling water intake, cooling water filtration and pump station, and offshore water discharge culverts.

StarbIz

Source:Jupiter Securities Research 04 September 2012