NEWS HIGHLIGHTS

• Dayang gets contract extensions for supply of three work boats to Petronas Carigali

• Ekovest bags extension from EPF to implement Duke Highway exit plan

• Nextgreen's largest shareholder ups stake by 2.0% via preference share conversion

• Kumpulan Kitacon bags RM65.4m contract to build terrace houses in Selangor

• Agmo in collaboration to develop financial services-related software

MACRO BITS

• OPEC sticks to oil demand view, sees better economic growth
   
• India, UAE sign pact on trans-continental trade corridor

• Malaysia, Australia foreign ministers discuss bilateral ties, leaders’ meet

• El Nino: Local crops, food supplies under control, unaffected, says Mat Sabu

• HSR will give economy boost

• KL sees surge in influx of charter flights from China for Chinese New Year holidays

• Japan's GDP set to confirm slip to fourth-largest economy last year

• Indonesia launches WTO dispute against EU over fatty acids

• Srettha’s standoff with central bank risks Thailand’s economic turnaround

• Australia trade minister to ask China to lift barriers, query Wang sentence

• US consumer prices rise more than expected in January

• Labor worries, costs drag small business sentiment down by most in 13 months -NFIB

• Commercial-property loans coming due in US jump to USD929.0b

• UK wage growth stronger than expected, supporting BOE caution

• French president Macron’s unemployment challenge may help Marine Le Pen

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

• Sector Update: Plantation (MPOB Jan 2024)

Source: Kenanga Research - 14 Feb 2024