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Thursday 15 October 2009

Kenanga Today 15 Oct 2009





NEWS HIGHLIGHTS

· Penang submits Budget 2010 wish-list

· Norwegian fund buys into Kulim

· Top Glove may build more factories overseas

· Ho Wah plans capital reduction

· TRC (BUY; TP: RM2.90) unit secures RM13m project in Australia

· Litrak open to Asas Serba takeover proposal

· TM plans service to enable Internet access on TV set



ECONOMIC NEWS HIGHLIGHTS

· Mier revises upward 2009 GDP forecast

· Japan to promote Iskandar Malaysia



FOREIGN NEWS HIGHLIGHTS

· Dow passes 10,000 mark on earnings optimism

· JPMorgan 3Q profit soars; shares jump

· Lazard CEO Bruce Wasserstein dies

· Top 10 sovereign wealth funds have US$1t in stocks

· Dollar trades near 14-month low on earnings, equity rally

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