Journey to Wealth
Kenanga Today - 24 Oct 2012
NEWS HIGHLIGHTS
l Ajiya 3Q net profit up 29.6%, to benefit from ETP demand
l Tycoon Ananda Krishnan's Astro group wins in USD250.0m dispute
l Bumi Armada RM100m charter contract extended
l KLCC Prop may list RM12b REIT in 6-9 months
l Dialog disposes of 50.0% stake in Tracerco Asia
l Daya Materials secures RM120.0m Sabahproject
l Scientex proposes final dividend 8 sen per share
l BCorp to acquire 51% in MEVSB
FOREIGN NEWS HIGHLIGHTS
l Credit checker Experian agrees USD1.5b Brazilian buy
l Apple set to unwrap mini-iPad to take on Amazon, Google
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia
l Singapore September Inflation Way Above Forecasts
l China Property Loans Surge In Third Quarter
North America
l Obama Urges Congress To Pass Mortgage Relief
l Carney Strengthens Rate-Increase Bias On Debt Concern
Europe
l Spain Output Shrinks Fifth Quarter Amid Bailout Talk
l Financial Transaction Tax For 10 EU States
l King Says BOE Is Ready To Add To Stimulus If U.K.Recovery Fades
l UK: National Income Per Head 'Down 13% In Four Years'
Currencies
l Hong Kong Intervenes To Defend Peg As Upper Limit Tested
l Dollar Rises As Investor Worries Grip Equities
Commodities
l Oil Slumps On Growth Concerns, Corporate Forecast Cuts
l Gold Down 1 % Near $1,700/Oz On Economic Fears
Source: Kenanga
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