Thursday, May 19, 2011

Market Daily -- 19th May 11

9.  SAS, Singapore Airlines In Pact To Further Develop Partnership

8.  Tiger Airways 4Q Net Profit S$1.3 Mln Vs S$22.3 Mln
 Tiger Airways 4Q Revenue S$163.2 Mln Vs S$140.6 Mln
Tiger Airways 4Q Fuel Costs S$67.6 Mln Vs S$47.8 Mln 

7. Tiger Airways: Signed A Term Sheet To Acquire 33% Stake In PT Mandala Airlines

6. Perennial China Retail Trust Relodges Singapore IPO Prospectus With Central Bank
Perennial Had Withdrawn IPO Prospectus in March Due To Adverse Market Conditions 
Perennial China Retail Trust: IPO Price Range S$0.70 To S$0.76 Per Unit
Perennial China Retail Trust: Listing Aimed At June 8
Perennial China Retail Trust: IPO To Raise Up To S$843 Million
Perennial China Retail Trust: To Offer 1.12 Billion Units In Singapore IPO 

5.  Pimco Asia Portfolio Chairman: Some Concern About Japan Public Debt After Quake
 Pimco Asia Portfolio Chairman: Australia Govt Bonds Offer Relatively High Sovereign Debt Returns
 Pimco Asia Portfolio Chairman: Not Concerned About China Property Market

4. CapitaLand Target Cut To S$3.93 Vs S$4.55 By Daiwa

3. Singapore MTI: Local Cost Pressures Remain Concern For Increase In Economic Activity 
 Singapore MTI: Will Continue Watching Price Pressures Closely
Singapore MTI: Don't Think Singapore Dollar Rise Will Hurt Export Competitiveness 
Singapore MTI: Impact Of Singapore Dollar Rise Is Balanced By Raw Material Imports
Singapore MAS Exec: Assume Oil Prices To Remain At US$100-US$110 Per Barrel This Year
Singapore MAS Exec: Expect Consumer Inflation To Peak This Quarter
Singapore MAS Exec: Current Monetary Policy Stance Remains Appropriate
Singapore MAS Exec: Expect Consumer Inflation To Gradually Ease To About 3% By Year End
Singapore MAS Exec Now Says CPI Inflation May Have Peaked In 1Q,To Ease From 2Q 

2. Singapore Revised 1Q GDP +22.5% Adj On Qtr, Annualized Vs +23.5% Prior Estimate
 Singapore Revised 1Q GDP +8.3% On Year Vs +8.5% Prior Estimate
 Singapore Government: Expect 2011 GDP To Grow 5.0%-7.0% Vs 4%-6% Prior Estimate
 Singapore Government: Expect 2011 Non-Oil Domestic Exports To Grow 8%-10%
 Singapore Government: External Environment Conducive To Singapore 2011 Growth
 Singapore Government: Advanced Economies Remain On Moderate Recovery Path
 Singapore Government: Europe Debt, Oil Prices, Japan Disruptions Pose Downside Risks

1. The Dow Jones industrial average .DJI gained 80.60 points, or 0.65 percent, to 12,560.18. The Standard & Poor's 500 Index .SPX rose 11.70 points, or 0.88 percent, to 1,340.68. The Nasdaq Composite Index .IXIC added 31.79 points, or 1.14 percent, to 2,815.00.