COMPANY UPDATE
· Genting (BUY; RM7.20; TP:RM8.48)- Raising debt for rights subscription
ECONOMICS
· Malaysia External Trade- August exports takes a breather, fell larger-than-expected (Report to follow)
NEWS HIGHLIGHTS
· TM wins RM170m contract
· Top Glove to beef up capacity
· Media Prima renews Disney-ABC deal
· Naza Auto to roll out entry-level Peugeot car
· AirAsia, named Best Asian Low-Cost Carrier
· B. Braun to invest RM500mil to expand Penang plant
· MRCB to recoup IT spending on Sentral Park in 3 years
· China firm awaits Govt nod for RM28bil rail project
FOREIGN NEWS
· Gold rises to record above $1,060 on weak dollar
· Oil rises above $71 on recovery hope, weak dollar
· Fed boss sees no rush to boost rates
· New jobless claims fall to 521K, lowest since Jan.
· GM nearing completion of Hummer sale
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