Journey to Wealth

Kenanga Today : 22 August 2012

kiasutrader
Publish date: Wed, 22 Aug 2012, 09:26 AM

NEWS HIGHLIGHTS
- Bernas net profit down60.0% on higher cost of imports
- GHL Q2 net profitimproves to RM1.6m
- Forex losses slash CCMQ2 net profit
- FGVH denies talks withSarawak Plantation
- CEO buys stake in BumiArmada
- Guan Chong won'tproceed with listing in Singapore
- KNM pins hope on UK job
- KSL allocates RM200.0mto increase KlangValley landbank

FOREIGN NEWS HIGHLIGHTS
- Samsung to investUSD4.0b in U.S.plant to make more mobile chips
- Facebook director Thielsold 20.0m shares worth USD400.0m after lockup
- Temasek sells stake inTiger Beer maker to Heineken


ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)
Asia
- Weak Asia Data Shows GrowingToll From Downturn
- India Consumer Prices Rise At Slowest Pace In 4Months
- China's Swaps Climb As Central Bank Adds Funds AtHigher Yield
- Weak Demand Drags On Chinese Carmakers, Earnings GrowthStalls
- China Property Prices Rise In July Boosted ByRate Cuts
- Thailand Economy: Robust Domestic Demand BoostsGrowth

Americas
- Belize Misses $23m Interest Payment As DefaultLooms

Europe
- Eurozone Trade Surplus Rises To Record High In June
- U.K. Unexpectedly Posts Deficit as TaxReceipts Plunge
- Germany Puts Pressure On Greece Pm Over Bailout Targets

Currencies
- Euro Rallies 1% On ECB Hopes

Commodities
- Oil Trades Near Three-Month High As U.S. Crude Stockpiles Drop
- Gold Up 1% At 3-1/2-Month High On ECB Stimulus Talk

Source: Kenanga
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