Journey to Wealth
Kenanga Today - 27 September 2012
NEWS HIGHLIGHTS
l BCorp reports higher revenue
l Selangor Properties pre-tax profit rises to RM40.6m
l Glomac Q1 earnings up 17.5% to RM21.0m
l Ingress earnings down despite higher revenue
l Losses widen for Trinity Corp
l Muhibbah's unit bags RM240.6m job
l KSK completes sale of Kurnia Insurans for RM1.6b
l Ayudhya stake not sold to Maybank
l BRDB gets 90.0% acceptances
l Tricubes will be delisted on October 1
FOREIGN NEWS HIGHLIGHTS
l TNK-BP co-owners to bid for entire BP stake
l Taylor & Martin to raise up to USD180.0m in IPO
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Global
l IMF: Global Financial Reform Stuck In Growth Slump
Malaysia
l IMF Tells How MalaysiaEscaped Worst Effects Of Global Crisis
Asia
l Surprise Contraction In S'pore Industrial Output
l Bank Of JapanIs Ready For Monetary Stimulus Again
USA
l New Homes Sales Dip, But Prices Hit 5-Year High
l US Mortgage Applications Rose As Rates Hit New Lows
l Factory Job Gains Under Obama Best Since Clinton: BGOV Barometer
Europe
l French Unemployment Tops 3 Million As Economy Struggles
l Spain Budget To Impose 39bn Euros Of Austerity Cuts
l Spanish Bonds Slump As Marchers Plan Further Protests
Currencies
l Euro Hit By SpainWorries; Dollar Gains
Commodities
l Oil FallsAs Europe's Crisis Reinforces Growth Worries
l Gold Down But Off Two-Week Low, EU Debt Crisis Eyed
Source: Kenanga
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