Journey to Wealth
Kenanga Today - 8 Oct 2012
NEWS HIGHLIGHTS
l Shell M'sia 3Q posts profit, vs loss a year ago
l Tien Wah pre-tax profit up to RM14.3m
l KKB 3Q net profit drops 80% to RM1.7m
l Heitech Padu gets RM117.8m job
l Ireka secures RM69m MTD job
l HSL gets RM39.5m contract to build school
l PJBumi gets govt nod to sell 15.7% Alam Flora stake
l UEM in JV to bid for Turkish jobs
l Nadzmi has 5.3% stake in Tiger Synergy
FOREIGN NEWS HIGHLIGHTS
l CBS profit climbs 16% on affiliate fees, rerun revenue
l IAG studies Vueling buy and Iberia job cuts
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Asia Pacific
n N.Z. Jobless Rate Surges To 13-Year High
USA
n Obama First Since FDR Re-Elected With 7.9% Joblessness
n U.S. Consumer Credit Rose More Than Forecast In September
n Home Prices Rise In 81% Of U.S. Cities As Markets Recover
n US Mortgage Applications Down As Sandy Hit Northeast
Europe
n Greece Lawmakers Back Austerity Cuts Amid Protests
n Eurozone Growth Forecast Cut Sharply By European Commission
n Merkel Wants Ambitious Overhaul Of Euro Zone In 2-3 Years
Currencies
n Dollar Rises; Election SparksGrowth Fears
Commodities
n Oil Down About 4 Pct, Fiscal Cliff Looms After Us Vote
n Gold Up But Off Highs, Post-Election Fiscal Crisis Eyed
Source: Kenanga
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