Kenanga Today

RESULTS NOTES

· Adventa (BUY; RM1.14; TP: RM1.48) - Worst over

· VS Industry (HOLD; RM1.27; TP: RM1.13) - Bottoming



NEWS HIGHLIGHTS

· Scapped — 30% bumi equity rule

· New department to replace Foreign Investment Committee

· Maybank sees slight deterioration in NPLs

· Maybank may boost BII asset size

· KLCCP sees lettable commercial space to double in 5-10 yrs

· Ingress units bag RM61.9m Tenaga jobs

· F&N gets extension of Coca-Cola bottling business until Sept 30, 2011

· Kulim secures RM430m loan

· Bursa rejects Wimems appeal

· AirAsia placement to raise RM500mil

· Property transactions no longer need FIC approval

· Bursa plans to raise free-float: Chief

· TM plans to sell KL property



FOREIGN NEWS HIGHLIGHTS

· Wall St brakes on confidence data, but has upbeat Q2

· Gloomy U.S. consumers clip housing recovery hopes

Japan’s Tankan confidence rebounds from record low