Tuesday, June 28, 2011

Market Daily -- 28th Jun 11

9. StanChart: Double Digit Income Growth 1H On Year Expected
StanChart: 1H Double Digit Profit Growth Expected
StanChart: Strong Performances In HK, Singapore, Malaysia, China
StanChart: Strong Performances In Middle East, South Africa, Indonesia
StanChart: Net Interest Margins Broadly Flat Vs 2010 Full Year
StanChart: 1H Cost Growth Broadly In Line With Income Growth
StanChart: Expects 1H 2011 Loan Impairment Below 2H 2010
StanChart: No Direct Exposure To Southern Europe Sovereign Debt
StanChart: 1H Wholesale Banking "To Show Good Single Digit" Income Growth YoY
StanChart: Low Double Digit Growth In Consumer Banking Expected In 1H

8. SIA Engineering: Renewed Service Pact With Singapore Airlines Cargo
SIA Engineering: Pact With SIA Cargo Can Add S$358M Revenue Over 5 Yrs 

7. China XLX Fertiliser Target Price Kept At S$0.39 By By CIMB

6. Cosco Corp. Started At Reduce With S$1.54 Target By BNP Paribas

5. Yangzijiang Shipbuilding Target Set At S$1.55 By BNP Paribas

4. S&P: Monitoring HK, Singapore Asset Quality As Property Prices Rise
S&P: Concerned About Strong Loan Growth By HK Major Banks
S&P: Monitoring HK Lending Activities In China 
S&P: Interest Margin Squeeze In Singapore To Persist On Strong Competition

3. STX OSV Started At Overweight With S$2.00 Target By JPMorgan

2. Singapore GIC: Appoints Trade Min Lim Hng Kiang As Acting Real Estate Chairman
GIC: Appoints Ang Kong Hua As Acting Chairman GIC Special Investments
GIC: Will Not Fill Executive Director Position Immediately
GIC: To Continue Increased Investment Focus On Emerging Markets 

1. The Dow Jones industrial average DJI gained 108.98 points, or 0.91 percent, to 12,043.56. The Standard & Poor's 500 Index .SPX rose 11.65 points, or 0.92 percent, to 1,280.10. The Nasdaq Composite Index .IXIC added 35.39 points, or 1.33 percent, to 2,688.28.