HALISTER1: INSIDE INDONESIA: IDR Rally Longest in 6 Yrs as Funds Buy Bonds

INSIDE INDONESIA: IDR Rally Longest in 6 Yrs as Funds Buy Bonds

(Bloomberg) -- Rupiah heads for 11th straight day of rally that would be its longest winning streak since Jan. 2010 as foreign investors add to holdings of the nation’s govt bonds.
  • Global funds bought net 453b rupiah ($34m) of local govt notes on March 1, adding to 29.3t rupiah worth of net purchase in first two months of this year: finance ministry data
  • USD/IDR -0.3% to 13,255
  • Investors should take a buy-on-dip approach to Indonesian bonds as macro backdrop is still supportive for fixed-income securities, Nomura analysts say in March 2 note
    • Expectations of further policy easing remain intact
    • Inflation expected to remain subdued
    • 10-yr yield to remain capped at 8.40%-8.50% zone; suggests investors stick with tenors below 10 years, as this part of curve should benefit directly from monetary easing expectations
  • Yield on 8.375% securities due Sept. 2026 dropped 13bps yday, most since Feb. 1, to 8.139%, according to IDMA data
  • State of emergency declared for Sumatra after magnitude 7.8 earthquake struck off the island of the area
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: MALAYSIA PREVIEW: January Trade Surplus Seen Lowest Since July

MALAYSIA PREVIEW: January Trade Surplus Seen Lowest Since July

(Bloomberg) -- Malaysia’s trade surplus will fall below its one-year moving average in Jan. for the first time in six months, according to median forecast of economists.
  • Surplus has been above the average since Aug.; see chart here
  • Jan. surplus likely shrank to 7.60b rgt ($1.8b) from 7.99b rgt in Dec., according to median est. in Bloomberg survey; would be lowest since July
  • Ests. range from 5.6b rgt to 8.7b rgt; data due at noon local time tomorrow
  • Since release of Dec. trade data on Feb. 5, Malaysia’s 4Q GDP rose 4.5% y/y, beating 4.1% est.
  • Over the same period USD/MYR fell 0.5% to 4.1470; 10-year govt. bond yields down 6 bps to 3.911%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: PHILIPPINE DAYBOOK: Casino Probe, Funds Flow, Metro Pacific, SM

PHILIPPINE DAYBOOK: Casino Probe, Funds Flow, Metro Pacific, SM

(Bloomberg) -- Overseas investors bought net $22.2m Philippine shrs yesterday, largest inflow in more than four weeks, according to stock exchange data compiled by Bloomberg. WHAT TO WATCH: GOVERNMENT: EQUITIES:
  • Filinvest Land (FLI PM) to start sale of 14.4b pesos of projects NSN O3EPYQ6K50XS
  • Manila Electric (MER PM) sets 25b-26b budget for power generation NSN O3EEOH6K50Y3
  • Metro Pacific (MPI PM) cut to hold from buy at COL Financial NSN O3EINB6TTDSC
  • Philweb (WEB PM) posts 870m pesos 2015 net income on 1.67b peso revenue
  • SM Investments (SM PM) approves 50% stk dividend NSN O3EIR16JIJUU
MARKETS:
  • Philippine Stock Exchange Index
  • Philippine Peso
  • MSCI Asia Pacific Index
  • Dow Jones Industrial Average
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
MPI PM (Metro Pacific Investments Corp)
BLOOM PM (Bloomberry Resorts Corp)
LR PM (Leisure & Resorts World Corp)
MER PM (Manila Electric Co)
MCP PM (Melco Crown Philippines Resorts Corp)

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UUID: 7947283

HALISTER: More Brewers in Sights After China Resources Snow Beer Buyout

More Brewers in Sights After China Resources Snow Beer Buyout

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
ABI BB (Anheuser-Busch InBev SA/NV)
291 HK (China Resources Beer Holdings Company Ltd)
SAB LN (SABMiller PLC)
000729 CH (Beijing Yanjing Brewery Co Ltd)

People
Charles Chen (BNP Paribas SA)
Charlie Chen (BNP Paribas Peregrine)
Lai Ni (China Resources Beer Holdings Company Ltd)
Nicolas Wang (Haitong International Securities Group Ltd)

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UUID: 7947283

HALISTER: BHP-Vale Mine Reaches Accord to Pay for Brazil Dam Disaster (3)

BHP-Vale Mine Reaches Accord to Pay for Brazil Dam Disaster (3)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BHP AU (BHP Billiton Ltd)
VALE5 BZ (Vale SA)

People
Luciano Pires (Vale SA)
Luciano Siani (Vale SA)
Luis Lucena Adams (Federative Republic of Brazil)
Murilo Ferreira (Vale SA)
Patrik Kauffmann (Solitaire Aquila Ltd)

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UUID: 7947283