Journey to Wealth

Kenanga Today : 5 July 2012

kiasutrader
Publish date: Thu, 05 Jul 2012, 09:48 AM

Kenanga Today
IDEAS OF THE DAY (SEE SEPARATE REPORTS FORDETAILS)
-  IPO Notes: OCK Group
-  Company Update: Bursa Malaysia
-  Economic Viewpoint: Malaysia External Trade

 NEWS HIGHLIGHTS
-   MMC to submit proposal on KTMB
-   MRT Corp awards two more jobs worth RM1.6b
-   Genting M'sia restructures UK subsidiaries
-   Sime Darby set to seal Battersea deal
-   YTL buys back 17.9m of its own shares for RM36.5m
-   AirAsia X, MAS to fly to Nepal
-   IHH eyes China, India after flotation
-   NTPM takes lease on Vietnamese Land

 FOREIGN NEWS HIGHLIGHTS
-   Exxon Mobil said to explore sale of German Esso gas stations
-   Volkswagen aims to wrap up Porsche purchase on Aug 1

ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)
Malaysia
-   Exports In The Month Of May Grew By 6.7% YoY,
-   Ron97 Petrol Price Dips To RM2.60.

Europe
-   Weak Eurozone Services Data Ahead Of ECB Rate Decision.
-   Eurozone Retail Sales Edge Up But Trend Still Weak.
-   Italy's Budget Deficit Widens In First QuarterOf 2012.
-   Hollande Unveils 7bn-Euro Tax Rise For Rich And Firms.

Currencies
-   Dollar Gains In Thin Trading.

Commodities
-   Oil Declines From One-Month High On Fuel Demand Concern
-   Gold Steadies, Nearing Highest In Two Weeks

Source: Kenanga 
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