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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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