Journey to Wealth
Kenanga Today - 11 Jan 2013
NEWS HIGHLIGHTS
l MISC's 50% owned VTTI to invest RM1.0b in Johor terminal
l Lingui shareholders approve plan
l Hock Seng Leelands RM48.9m Samalaju upgrade project
l Sun Life, Khazanah near Aviva buyout
l West Coast Expressway to cost RM6.0b
l DRB-HICOM: We've not received any privatisation proposals
l Advance Synergy to hold 70% in JV to manage hotel in Terengganu
l SPKB offers to buy up shares in SPK-Sentosa
FOREIGN NEWS HIGHLIGHTS
l Clearwire investor loses bid for fast-track trial versus Sprint deal
l American Express profit falls on costs tied to job cuts
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l Production In November Grew By 7.5% YoY
Asia Pacific
l Indonesia Holds Rates, Sees Robust Growth
l China's Surprisingly Strong Trade Data Fans Optimism
l Australia HomeBuilding Continues Slow Recovery
USA
l Jobless Claims In U.S. Unexpectedly Increased Last Week
l Consumer ComfortFalls As U.S. Payroll Tax Takes Hold
l Wholesale Inventories In U.S. Increase 0.6% As Sales Surge
l Obama Nominates Jack Lew To Succeed Geithner At Treasury
Europe
l Eurozone Interest Rates Unchanged At 0.75%
l Bank Of EnglandRefrains From Further QE Stimulus
Africa
l South Africa Downgraded By Fitch As Strikes Hurt Growth
Currencies
l Dollar Drops Most Since September After ECB
Commodities
l Oil Rises After Saudi Arabia Cuts Output
l Gold Tops $1,675 On ECB Comments
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
