Friday, April 26, 2013

Chart - SBCCORP

STW

(BN) Gold Buyers Throng Indian Stores for Second Week on Rally (1)

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Gold Buyers Throng Indian Stores for Second Week on Rally (1)
2013-04-26 00:43:29.482 GMT


(Updates prices in sixth paragraph. For more on gold bear
market, see EXT5)

By Swansy Afonso
April 26 (Bloomberg) -- Gold consumers in India, the
world's biggest importer, thronged jewelry stores across the
country for a second week on speculation that bullion may extend
a rally after the biggest plunge in three decades.
"We waited for sometime to see if prices will fall more
but when we saw them moving up again, we decided it's time,"
said Sripal Jain, a 77-year-old silver dealer who came with his
younger brother, daughter and daughter-in-law to buy gold
necklaces at Mumbai's Zaveri Bazaar. "We don't have any wedding
or occasion coming up. The rates fell, so we decided to buy."
Bullion slumped 14 percent in two days, reaching the lowest
price in two years on April 16, triggering a frenzy among coin
and jewelry buyers from the U.S. to India, China and Australia.
The surge in demand has helped prices rally 11 percent since
April 16, and jewelers in India are paying premiums of as much
as $10 an ounce to secure supplies, according to the Bombay
Bullion Association.
"Everyone is thinking that they will miss the bus if they
don't buy now as prices have started moving up," said Ramesh
Pahlajani, partner at Mumbai-based Bherumal Shamandas Jewellers.
"Demand has been very good since last week."
Gold will rally to $1,800 an ounce by December as
skepticism over the global recovery increases demand,
billionaire Indian jeweler T.S. Kalyanaraman said on April 19.
The metal hasn't traded at that level since November 2011.
Prices may climb to $1,550 within six months on physical and
investment demand, according to Mark Pervan, global head of
commodity strategy at Australia & New Zealand Banking Group Ltd.

Gold Shortage

Spot gold rose 0.4 percent to $1,473.40 an ounce at 8:37
a.m. in Singapore today. Bullion has lost 12 percent this year
and is 5.6 percent below the April 11 close of $1,561.45 an
ounce that preceded the 14 percent slump in two sessions through
April 15, the worst since 1983.
The rush to buy has led to a shortage in India and jewelers
are paying premium of as much as $10 an ounce compared with $2
just 10 days earlier, said Bipin Jain, owner of Vimalson
Jewellers and a vice president of the bullion association.
"Three days ago there were queues to buy coins and bars,"
Jain said from his shop in Zaveri Bazaar, the largest bullion
market in the country. "Demand has slowed a bit from then but
buying will remain strong till Akshaya Tritiya."

Festivals, Weddings

The Akshaya Tritiya festival on May 13 is considered by
India's more than 900 million Hindus as the traditional day to
buy precious metals. Gold is bought during festivals and
marriages in India as part of the bridal trousseau or gifted in
the form of jewelry by relatives. The main festival season runs
from August to October followed by the wedding season from
November to December and from late March through early May.
"My sister-in-law is getting married and I have advanced
buying because of the recent price fall," said 33-year-old
costume designer Praveena Saleja, as she examined a 350,000-
rupee ($6,460) necklace studded with gems. "Prices will rise
again. Nowadays the designs are more trendier so I can pair them
with western outfits as well as Indian."
Saleja said she considered gold as a long-term investment
and was not deterred by the price slump.
Morgan Stanley said this week the peak in the price "has
now passed," while Goldman Sachs Group Inc. said April 23 it
exited a bet on lower prices while saying bullion may fall even
more. The declines in prices are attracting retail investors,
while billionaire John Paulson has stuck with his view that the
metal will climb as a hedge against inflation.

UBS Sales

"Some bullion dealers are asking buyers of coins and bars
to lock-in price today and come two days later as they do not
have much inventories," said Dharmesh Parekh, a partner at R.V.
Jewellers in Mumbai.
Nationwide daily sales of jewelry, coins and bars may be
about 4 metric tons, compared with normal levels of about 2 tons
to 2.5 tons, Rajesh Mehta, chairman of Rajesh Exports Ltd., said
yesterday. UBS AG said April 23 that physical-gold flows to
India approached the highest since 2008, while Standard
Chartered Plc said shipments last week were 20 percent above a
previous record.
"Demand has been extraordinary in the past 15 days and
sales this April have been much better than last year," Kamal
Gupta, chairman of P.P. Jewellers Ltd., said by phone from
Delhi. "Demand may slow from now on as prices have started to
rise."

For Related News and Information:
Investor Jim Rogers May Buy Gold If Prices Drop to $1,300
NSN MLT4GI6TTDS1 <GO>
Gold Rout for Central Banks Buying Most Since 1964: Commodities
NSN MLT0WI6KLVRJ <GO>
Paulson's Gold Bet Declines Almost $1 Billion: Chart of the Day
NSN MLBHPF6JIJWT <GO>
Top Commodity Stories: CTOP <GO>
Top Stories:TOP<GO>

--Editors: Thomas Kutty Abraham, Vipin V. Nair

To contact the reporter on this story:
Swansy Afonso in Mumbai at +91-22-6120-3648 or
safonso2@bloomberg.net

To contact the editor responsible for this story:
James Poole at +65-6212-1551 or
jpoole4@bloomberg.net

(BFW) MALAYSIA DAYBOOK: Petronas Chemicals, Bright Packaging, Tenaga

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MALAYSIA DAYBOOK: Petronas Chemicals, Bright Packaging, Tenaga
2013-04-25 21:21:13.46 GMT


By Ranjeetha Pakiam
April 26 (Bloomberg) -- Petronas Chemicals Group Bhd.
(PCHEM MK) and BASF SE (BAS GR) are investing $500 million to
build an aroma ingredients complex in Kuantan, Malaysia, as part
of their existing joint venture, according to a stock exchange
filing.
The first plants of the integrated project will be
operational in 2016 and will create 110 jobs in the area. This
investment comes after the two chemicals producers mutually
ended plans to jointly develop manufacturing facilities in the
southern state of Johor in January.


EQUITY MOVERS:
* Ariantec Global (AGB MK): Proposes private placement of up
to 56.9m new shares
* Bina Darulaman (DRLM MK): Sets June 10 ex-date for 7 sen/shr
final div
* BLD Plantation (BLDP MK): Proposes final div of 5 sen/shr;
to trade ex-div on July 2
* Bright Packaging Industry (BPKG MK): Revokes decision on
100% div policy payout for next 5 yrs for time being as
focus is on co. growth
* Country View (CVB MK): 1Q net income gains to 17.2m ringgit
from 5.9m ringgit Y/y; sets May 10 ex-date for 4 sen/shr
interim div
* DKSH Holdings (DKSH MK): Sets July 19 ex-date for 2.5
sen/shr special div
* D'Nonce Technology (DNON MK): 2Q net loss narrows to 360,000
ringgit from 4.62m ringgit Y/y
* NPC Resources (NPC MK): Proposes final div of 1 sen/shr
* Pintaras Jaya (PINT MK): Wins 36m-ringgit earthworks,
building contract
* Pantech Group Holdings (PGHB MK): 4Q profit gains to 12.6m
ringgit from 10.4m ringgit Y/y
* Tambun Indah Land (TILB MK): Proposes div reinvestment
scheme
* Tenaga Nasional (TNB MK): Proposes interim div of 10
sen/shr; to trade ex-div on May 15


WHAT TO WATCH:
* WCT to hold press conference after EGM at 11:30 a.m. in
Selangor


MARKETS:
* Malaysia's FTSE Bursa Malaysia KLCI Index fell 0.1%
* The MSCI Asia Pacific Index climbed 0.7%
* The Dow Jones Industrial Average advanced 0.2%
* Palm oil July-delivery futures gained 0.9%


For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>

--Editor:

To contact the reporter on this story:
Ranjeetha Pakiam in Kuala Lumpur at +60-3-2302-7856 or
rpakiam@bloomberg.net

To contact the editor responsible for this story:
Barry Porter at +60-3-2302-7865 or
bporter10@bloomberg.net

Thursday, April 25, 2013

1 - 17 , DMI signal buy

STW

(BN) Japanese Shares Advance Ahead of BOJ Policy Meeting: Canon Falls

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Japanese Shares Advance Ahead of BOJ Policy Meeting: Canon Falls
2013-04-25 00:14:11.92 GMT


By Anna Kitanaka
April 25 (Bloomberg) -- Japanese shares gained, with the
Nikkei 225 Stock Average rising to its highest since 2008, ahead
of a Bank of Japan policy meeting. Canon Inc. dropped after its
profit forecast fell short of analysts' estimates.
The Nikkei 225 gained 0.4 percent 13,897.99 as of 9:05 a.m.
in Tokyo, its highest level since June 2008. The Topix Index
gained 0.3 percent to 1,167.41, with about twice as many shares
rising as falling.


For Related News and Information:
Top Stories:TOP<GO>
Top stock-market news: TOP STK <GO>
World equity valuations: WPE <GO>
World equity index monitor: WEI <GO>
Most-read stock market stories: MNI STK <GO>
Biggest movers this year: MXAP <Index> MRR 10 <GO>
Market map of today's trading: MXAP <Index> IMAP <GO>

--Editor: Jason Clenfield

To contact the reporter on this story:
Anna Kitanaka in Tokyo at +81-3-3201-8140 or
akitanaka@bloomberg.net

To contact the editor responsible for this story:
Nick Gentle at +852-2977-6545 or
ngentle2@bloomberg.net

(BFW) INSIDE MALAYSIA: Ringgit Falls; Goldman Sees Rates Increasing

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INSIDE MALAYSIA: Ringgit Falls; Goldman Sees Rates Increasing
2013-04-25 00:22:56.891 GMT


By Bloomberg News
April 25 (Bloomberg) -- Ringgit declines 0.1% to 3.0514 per
dollar; pivot point at 3.0512; support at 3.0566, 3.0649,
3.0786; resistance at 3.0429, 3.0375, 3.0238.
* Currency approaching 100 WMA at 3.0816
* Macro implications of BOJ easing likely to be more important
than any influence from further foreign buying of Asian
debt, Goldman Sachs writes in note; rates expected to rise
in Malaysia, Korea, China, Thailand and Taiwan through the
course of the year on better domestic and global outlook
* 1-month implied volatility snaps 11-day increases, dropping
7 bps to 8.5725%
* 12-month forwards little changed at 3.1110 per dollar
* 1-yr IRS steady at 3.2100%; 5-yr swaps increase 3 bps to
3.3975%
* Yield on 3.172% govt bonds due July 2016 increased 4 bps to
3.007% yesterday while yield on 3.48% notes due March 2023
was little changed at 3.390%


(To receive INSIDE MALAYSIA real-time via message, click here,
select 97) Actions, select "Save Search", give the search a
name and in the alert type dropdown select "Message", then
save.)


For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>

--Karen Yeung. Editor: Ven Ram

To contact Bloomberg News staff for this story:
Karen Yeung in Shanghai at +86-21-6104-3027 or
kyeung29@bloomberg.net

To contact the editor responsible for this story:
Ven Ram at +65-6212-1157 or
vram1@bloomberg.net

(BFW) Russia, Kazakhstan Increased Gold Reserves In March: IMF Data

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BN 04/25 00:02 *AZERBAIJAN, KAZAKHSTAN, MONGOLIA, RUSSIA UP GOLD RESERVES: IMF


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Russia, Kazakhstan Increased Gold Reserves In March: IMF Data
2013-04-25 00:20:58.445 GMT


By Glenys Sim
April 25 (Bloomberg) -- Russia raised gold reserves for 6th
month, added 4.7 metric tons in March to 981.6 tons, according
to data on the International Monetary Fund's website.
* Kazakhstan added 1.2 tons in March to 122.9 tons; nation has
increased gold holdings every month since December 2011,
according to IMF data.
Azerbaijan and Mongolia also added to gold reserves in March:
IMF data
* Mexico sold gold for an 11th month in March: IMF data

Link to Company News:{13347Z US <Equity> CN <GO>}

For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}

To contact the editor responsible for this story:
Glenys Sim at +65-6311-2466 or
gsim4@bloomberg.net

(BFW) MALAYSIA DAYBOOK: Unisem, Pavilion REIT, AirAsia, NCB Holdings

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MALAYSIA DAYBOOK: Unisem, Pavilion REIT, AirAsia, NCB Holdings
2013-04-24 22:16:05.873 GMT


By Ranjeetha Pakiam
April 25 (Bloomberg) -- Unisem (M) Bhd., a semiconductor
manufacturer, said its first-quarter net loss narrowed to 9.74
million ringgit from 13.5 million ringgit a year ago, according
to a stock exchange filing.
Revenue for the three months ended March 31 fell to 249.7
million ringgit from 256.6 million ringgit in the same period a
year ago on reduced sales volume, the statement showed.

EQUITY MOVERS:
* AirAsia (AIRA MK): Shrs to trade ex-div on May 31
* Bright Packaging Industry (BPKG MK): 2Q net income gains to
1.63m ringgit from 722,000 ringgit Y/y
* Cepatwawasan Group (CWG MK): 1Q profit falls to 3.82m
ringgit from 6.4m ringgit Y/y
* Datasonic Group (DSON MK): Proposes 1-for-2 bonus issue
* Encorp (ENCO MK): Sets June 24 ex-date for 2 sen/shr final
div
* Gadang Holdings (GADG MK): 3Q net income gains to 3.62m
ringgit from 960,000 ringgit Y/y
* Grand-Flo Solution (GFLO MK): Proposes final div of 1
sen/shr
* Kaf-Seagroatt & Campbell (KAF MK): 3Q net income drops to
3.94m ringgit from 8.62m ringgit Y/y
* Karyon Industries (KARY MK): Shrs to trade ex-div July 1
* Kumpulan Jetson (KJB MK): Co. says 85.3%-owned unit sells
land for 29m ringgit
* NCB Holdings (NCB MK): 1Q profit drops to 34.9m ringgit from
49.5m ringgit Y/y
* Pavilion Real Estate Investment Trust (PREIT MK): 1Q net
income gains to 54.3 million ringgit from 47.8m ringgit Y/y
* Tambun Indah Land (TILB MK): 1Q profit gains to 11.7m
ringgit from 9.16m ringgit Y/y
* TechnoDex (TDEX MK): Wins 2 contracts for 7.4m ringgit from
Malaysian government to provide maintenance and support
services
* Wang-Zheng (WANG MK): Proposes final div of 2 sen/shr


WHAT TO WATCH:
* JT International (RJR MK): Co. to hold press conference
after AGM at 10:45 a.m. in Kuala Lumpur


MARKETS:
* Malaysia's FTSE Bursa Malaysia KLCI Index rose 0.4%
* The MSCI Asia Pacific Index climbed 1.49% to 138.94
* The Dow Jones Industrial Average fell 0.29%
* Palm oil July-delivery futures gained 0.7%


For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>

--Editor: Colin Keatinge

To contact the reporter on this story:
Ranjeetha Pakiam in Kuala Lumpur at +60-3-2302-7856 or
rpakiam@bloomberg.net

To contact the editor responsible for this story:
Barry Porter at +60-3-2302-7865 or
bporter10@bloomberg.net

Tuesday, April 23, 2013

(BN) Asian Stocks Erase Gains as China Manufacturing Misses Estimates

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Asian Stocks Erase Gains as China Manufacturing Misses Estimates
2013-04-23 02:38:15.327 GMT


By Jonathan Burgos and Adam Haigh
April 23 (Bloomberg) -- Asian stocks fell, erasing earlier
gains, after a preliminary report showed Chinese manufacturing
expanded less than economists estimated.
Agricultural Bank of China Ltd., the nation's third-largest
lender, slid 2 percent in Hong Kong. Yamada Denki Co. sank 6.3
percent in Tokyo after the consumer electronics retailer cut its
full-year profit forecast. Woodside Petroleum Ltd., Australia's
second-largest oil producer, jumped 8 percent after announcing
plans to return cash to shareholders.
The MSCI Asia Pacific Index slid 0.2 percent to 137.12 as
of 11:36 a.m. in Tokyo, erasing gains of as much as 0.3 percent.
Five stocks fell for every three that fell on the gauge. The
measure increased 6.2 percent this year through yesterday amid
signs the U.S. economy is recovering and as Japanese equities
rallied on speculation the Bank of Japan will step up efforts to
stimulate its economy. China's manufacturing is expanding at a
slower pace this month, according to a preliminary report by
HSBC Holdings Plc and Markit Economics.
"There could be some overreaction in the market," said Ng
Soo Nam, Singapore-based chief investment officer at Nikko Asset
Management Asia Ltd., whose Japan-based parent oversees about
$165 billion. "I'm not too worried over China's softening
economic data. The government is introducing policies to make
sure the economy moves along a sustainable growth path.
Valuations are still OK and earnings are still growing."

China PMI

China's Shanghai Composite Index dropped 1.6 percent,
heading for its biggest decline since March 28. The preliminary
reading of 50.5 for a Purchasing Managers' Index, a gauge of
manufacturing activity that was released by HSBC and Markit
Economics, compared with a final reading of 51.6 for March. The
number was also below the median 51.5 estimate in a Bloomberg
News survey of 11 analysts. A reading above 50 indicates
expansion. Hong Kong's Hang Seng Index slipped 1 percent.
Japan's Nikkei 225 Stock Average decreased 0.3 percent.
South Korea's Kospi Index fell 0.7 percent, while Taiwan's Taiex
Index lost 0.4 percent. Australia's S&P/ASX 200 Index climbed
0.9 percent and New Zealand's NZX 50 Index added 0.8 percent.
Shares on the benchmark MSCI Asia Pacific Index traded at
14 times estimated earnings compared with 14.1 for the Standard
& Poor's 500 Index and 12.4 for the Stoxx Europe 600 Index,
according to data compiled by Bloomberg.
Futures on the Standard & Poor's 500 Index slid 0.2 percent
today. The gauge climbed 0.5 percent yesterday as Caterpillar
Inc. jumped and a rally in commodity prices spurred energy and
raw-material producers.

For Related News and Information:
Developed Market View: DMMV <GO>
Graphing: GRAPH <GO>
Feature stories on stocks: TNI STK GREET <GO>
MSCI Asia Pacific versus Dow Jones Industrial Average:
MXAP <Index> INDU <Index> HS <GO>
World Trends and Reversals: WTR <GO>
Equity screening: EQS <GO>

--Editors: John McCluskey, Nick Gentle

To contact the reporters on this story:
Jonathan Burgos in Singapore at +65-6212-1156 or
jburgos4@bloomberg.net;
Adam Haigh in Sydney at +61-2-9777-8635 or
ahaigh1@bloomberg.net

To contact the editor responsible for this story:
Nick Gentle at +852-2977-6545 or
ngentle2@bloomberg.net

(BFW) MALAYSIA DAYBOOK: UEM Land, BIMB, Destini, TMC Life Sciences

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MALAYSIA DAYBOOK: UEM Land, BIMB, Destini, TMC Life Sciences
2013-04-22 21:26:04.683 GMT


By Ranjeetha Pakiam
April 23 (Bloomberg) -- UEM Land Holdings (ULHB MK), a
property company, will dispose of 12.5 acres of land in the
southern state of Johor for about 182 million ringgit ($60
million), according to a stock exchange filing.


EQUITY MOVERS:
* Amanahraya Real Estate Investment Trust (AARET MK): To buy
factory buildings for 41.6m ringgit; CIMB Islamic Trustees
to act as trustees
* Axis Real Estate Investment Trust (AXRB MK): 1Q net income
little changed at 20.9m ringgit vs 21m ringgit yr earlier;
shrs to trade ex-dividend on May 3
* BIMB Holdings (BIMB MK): Shrs to trade ex-dividend on May 22
* Destini (DSTN MK): Removed from exchange watchlist after
regularizing finances
* Globetronics Technology (GTB MK): Shrs to trade ex-dividend
on June 19
* Halex Holdings (HAL MK): Shrs to trade ex-dividend on May 16
* Malaysian Airline System (MAS MK): New Zealand High Court
orders settlement of air freight litigation; MASkargo
ordered to pay penalty, costs
* TMC Life Sciences (TMCL MK): Posts 3Q net income of 2.83m
ringgit vs net loss of 1.23m ringgit yr ago
* Wah Seong Corp (WSC MK): Unit enters joint venture agreement
with Shinko Ind. Ltd. to manufacture turbines


WHAT TO WATCH:
* Media Prima (MPR MK) to hold press conference after AGM at
11am


MARKETS:
* Malaysia's FTSE Bursa Malaysia KLCI Index was little changed
* The MSCI Asia Pacific Index increased 0.8%
* The Dow Jones Industrial Average gained 0.1%
* Palm oil July-delivery futures fell 1.8%


For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>

--Editor:

To contact the reporter on this story:
Ranjeetha Pakiam in Kuala Lumpur at +60-3-2302-7856 or
rpakiam@bloomberg.net

To contact the editor responsible for this story:
Barry Porter at +60-3-2302-7865 or
bporter10@bloomberg.net

Chart - FBMKLCI

Chart - TMCLIFE

Chart - YILAI , s1 82sen

(BN) Japan Stock Futures Little Changed as Investors Await China Data

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Japan Stock Futures Little Changed as Investors Await China Data
2013-04-22 23:11:45.779 GMT


By Adam Haigh
April 23 (Bloomberg) -- Japanese stock futures were little
changed, indicating the Nikkei 225 Stock Average may halt a two-
day advance, after the yen gained for the first time in five
days and investors await a Chinese manufacturing report.
Australian equity futures rose.
American Depositary Receipts of Trend Micro Inc., an
internet security software maker that gets more than half its
sales outside Japan, slid 1.6 percent from yesterday's closing
price in Tokyo as the yen failed to weaken through 100 per
dollar. ADRs of Woodside Petroleum Ltd., Australia's second-
largest oil producer, rose 1 percent as crude climbed for a
fourth day, the longest streak of gains in a month.
Futures on Japan's Nikkei 225 Stock Average expiring in
June traded at 13,595 in Chicago yesterday compared with 13,580
at the close in Osaka, Japan. They were bid in the pre-market at
13,590 in Osaka at 8:05 a.m. local time. Futures on Australia's
S&P/ASX 200 Index advanced 0.3 percent.
"After a nine-month surge, markets are trending sideways
now," said Matthew Sherwood, Sydney-based head of markets
research at Perpetual Investments, which manages about $25
billion. "The thrust from central bank liquidity is beginning
to wane and the anemic growth environment is starting to
reassert its influence."
HSBC Holdings Plc's so-called flash Purchasing
Manufacturing Index is forecast to drop to 51.5 in April from
51.6, according to the median of 11 estimates surveyed by
Bloomberg ahead of the report on Chinese manufacturing growth to
be released today.

Nikkei Surges

Japan's Nikkei 225 surged 60 percent in the past nine
months, accelerating since November as Prime Minister Shinzo Abe
and central bank Governor Haruhiko Kuroda pledged to defeat 15
years of deflation. The yen gained 0.3 percent yesterday to
99.23, the first increase in five days. The currency traded at
99.33 per dollar at 7:50 a.m. in Tokyo.
The MSCI Asia Pacific Index, the benchmark regional
equities gauge, has rallied 20 percent in the past nine months.
That left the gauge yesterday trading at 14 times average
estimated earnings compared with 14.1 for the Standard & Poor's
500 Index and 12.4 times for the Stoxx Europe 600 Index,
according to data compiled by Bloomberg.
Futures on the Standard & Poor's 500 Index were little
changed. The gauge climbed 0.5 percent yesterday as Caterpillar
Inc. jumped and a rally in commodity prices spurred energy and
raw-material producers.
The Bloomberg China-US Equity Index of the most-traded
Chinese shares in the U.S. climbed 0.5 percent in New York
yesterday. West Texas Intermediate crude oil rose 0.2 percent in
New York.

For Related News and Information:
Top stock-market news: TOP STK <GO>
World equity valuations: WPE <GO>
World equity index monitor: WEI <GO>
Most-read stock market stories: MNI STK <GO>
Developed markets overview: DMMV <GO>

--Editor: John McCluskey

To contact the reporter on this story:
Adam Haigh in Sydney at +61-2-9777-8635 or
ahaigh1@bloomberg.net

To contact the editor responsible for this story:
Nick Gentle at +852-2977-6545 or
ngentle2@bloomberg.net

(BN) WTI Crude Trades Near One-Week High; U.S. Stockpiles Seen Rising

+------------------------------------------------------------------------------+

WTI Crude Trades Near One-Week High; U.S. Stockpiles Seen Rising
2013-04-22 23:30:03.208 GMT


(For Bloomberg fair value curves, see CFVL <GO>)

By Ben Sharples
April 23 (Bloomberg) -- West Texas Intermediate crude
traded near the highest price in more than a week. U.S.
stockpiles probably rose to the largest in more than 22 years, a
Bloomberg News survey showed before a government report.
Futures were little changed in New York after climbing a
third day yesterday. U.S. supplies increased by 1.75 million
barrels last week to 389.4 million, the highest since July 1990,
according to the median of nine analyst estimates before a
report from the Energy Information Administration tomorrow.
Global oil markets are in balance and receiving ample crude,
Suhail Mohammed Al Mazrouei, the energy minister of the United
Arab Emirates, said yesterday.
WTI for June delivery was at $89.36 a barrel, up 17 cents,
in electronic trading on the New York Mercantile Exchange at
9:26 a.m. Sydney time. The volume of all contracts traded was 73
percent below the 100-day average. The May future gained 75
cents to $88.76, the highest close since April 12, as it expired
yesterday. Prices are down 2.7 percent this year.
Brent for June settlement climbed 74 cents to $100.39 a
barrel on the London-based ICE Futures Europe exchange
yesterday. The front-month European benchmark grade ended the
session at a premium of $11.20 to WTI futures.
U.S. gasoline stockpiles were probably unchanged last week
while distillate inventories, a category that includes heating
oil and diesel, rose by 400,000 barrels, the Bloomberg survey
showed.
The Organization of Petroleum Exporting Countries, which
plans to meet May 31 to review its production target, is
ensuring that global crude supplies are sufficient, Al Mazrouei
told reporters in Abu Dhabi. The U.A.E.'s governor to OPEC, Ali
Al Yabhouni, said the group's limit of 30 million barrels a day
is adequate for 2013. Both officials spoke at the Middle East
Petroleum and Gas Conference.

For Related News and Information:
U.A.E.'s Al Mazrouei Sees Crude Market as 'Well-Balanced'
NSN MLNSHC1A1I4H <GO>
Top energy, oil stories: ETOP <GO> and OTOP <GO>
News on oil inventories: TNI OIL INV <GO>
News on oil markets: NI OILMARKET <GO>
News on OPEC: NI OPEC <GO>
Oil markets menu: OIL <GO>

--Editors: Paul Gordon, Richard Stubbe

To contact the reporter on this story:
Ben Sharples in Melbourne at +61-3-9228-8732 or
bsharples@bloomberg.net

To contact the editor responsible for this story:
Alexander Kwiatkowski at +65-6212-1329 or
akwiatkowsk2@bloomberg.net

Monday, April 22, 2013

Chart - PMCORP , S1 12SEN , R1 16SEN

Chart - XDL

Chart - MSPORTS

(BFW) MALAYSIA DAYBOOK: Petronas Dagangan, Uzma, Affin, K&N Kenanga

+------------------------------------------------------------------------------+

MALAYSIA DAYBOOK: Petronas Dagangan, Uzma, Affin, K&N Kenanga
2013-04-21 21:28:17.703 GMT

(To be sent this Daybook daily: SALT MYDAYBOOK)

By Liau Y-Sing
April 22 (Bloomberg) -- A subsidiary of Malaysian energy
services company Uzma Bhd. has won a 238 million ringgit ($78.4
million) oilfield chemicals contract from ExxonMobil Exploration
and Production Malaysia Inc., according to a stock exchange
filing.

EQUITY MOVERS:
* Johan Holdings (JOH MK): In talks to sell charge and credit
cards businesses
* Kamdar (KGMB MK): Agrees to sell land for 26m ringgit
* K&N Kenanga (KNK MK): Completes purchase of ING Funds
* Petronas Dagangan (PETD MK): Plans 2 billion ringgit Islamic
bond sale
* SapuraKencana (SAKP MK): Completes $1.85b 12-month bridge
loan
* Unimech (UGB MK): Plans rights issue of loan stocks with
free warrants


WHAT TO WATCH:
* Affin Holdings Bhd. holds briefing after shareholders
meeting at 11:30 a.m.


MARKETS:
* Malaysia's FTSE Bursa Malaysia KLCI Index was steady.
* The MSCI Asia Pacific Index increased 0.4%
* The Dow Jones Industrial Average gained 0.1%
* Palm oil July-delivery futures fell 0.6%.



For Related News and Information:
Most-read stories about Malaysia today: MNI MALAY 1D <GO>
Malaysian economic statistics: ECST MA <GO>
Malaysian economic forecasts: ECFC MYR <GO>
Malaysian interest rate forecasts: BYFC MYR <GO>
Malaysia's key overnight policy rate: MAOPRATE <INDEX> GP <GO>

--Editor:

To contact the reporter on this story:
Liau Y-Sing in Kuala Lumpur at +60-3-2302-7855 or
yliau@bloomberg.net


To contact the editor responsible for this story:
Barry Porter in Kuala Lumpur at +603-2302-7865 or
bporter10@bloomberg.net