U.S. and European Market Roundup
· The DJIA up 27.81 points to 8,359.49 points.
· U.S stocks managed modest gains on Tuesday as better-than-expected corporate profit overshadowed concerns about weak consumer demand.
· European shares rose for a second day on Tuesday, with banks boosted by hopes that better-than-expected results at Goldman Sachs are heralding a strong reporting season for the sector.
Macro and Corporate New
· George Kent (Malaysia) which makes water meters and brass components, is aggressively looking for acquisition targets to grow its meter and contract divisions.
· United Malacca (UMB) is buying two parcels of agricultural leasehold lands in Sungai Millian-Labau in Sabah, measuring about 4,04.8 ha from Borneo Glow Sdn Bhd (BGSB) for RM240 mln.
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