Wednesday, June 8, 2011

Market Daily -- 8th Jun 11

20. Olam Target Cut To S$3.00 From S$3.30 By DBS Vickers

19. SIA Engineering Target Cut To S$4.25 From S$4.50 By HSBC

18. SATS Ltd Target Cut To S$2.70 From S$3.00 By HSBC

17. Singapore Exchange: Singapore Govt Bonds Can Be Traded On Exchange From July 8

16. Neptune Orient Lines: APL President Eng Aik Meng Resigns
NOL: Eng To Leave Sept 1; To Be Replaced By North Asia Region President Kenneth Glenn 

15. MAS Survey: Economists Expect Singapore 2Q GDP +2.0% On Year Vs 3.4% Earlier Estimate
 MAS Survey: Economists Expect Singapore 2Q CPI +4.4% On Year
 MAS Survey: Economists Expect US Dollar At S$1.2300 By June-End
 MAS Survey: Economists Expect Singapore 2Q Non-Oil Domestic Exports +4.3% On Year
 MAS Survey: Economists Expect Singapore 2011 GDP +6.2%
 MAS Survey: Economists Expect Singapore 2011 CPI +4.1%
 MAS Survey: Economists Expect Singapore 2011 Non-Oil Exports +9.0%
 MAS Survey: Economists Expect US Dollar At S$1.2100 By 2011-End
 MAS Survey: Economists Expect Singapore Unemployment Rate 2.0% By 2011-End
 MAS Survey: Economists Expect Singapore 2012 GDP +5.5%
 MAS Survey: Economists Expect Singapore 2012 CPI +2.5%

14. Singapore Airlines Target Cut To S$15.90 Vs S$18.50-Credit Suisse

13. OUE Initiated At Buy With S$4.16 Target By CLSA

12. Singapore Trade Min: To Introduce More Favorable Tax Treatment For Islamic Financing

11. Mapletree Commercial Trust Target Set At S$0.92 By JPM

10. Mapletree Industrial Trust Target Set At S$1.30 By JPM

9. Oxley Holdings Started At Hold; Target Set At S$0.38 By UOB

8. Mapletree Logistics Started At Hold; Target Set At S$1.00 By UOB

7. Sabana Shari'ah Started At Buy; Target Set At S$1.15 By UOB

6. Cache Logistics Trust Started At Buy; Target Set At S$1.20 By UOB

5. Mapletree Industrial Started At Buy; Target Set At S$1.35 By UOB

4. Ascendas REIT Started At Buy; Target Set At S$2.40 By UOBKayHian

3. Portek: In Talks With Potential Bidder For Sale Of Company
Portek: Potential Bidder Expressed Interest Before ICTSI Offer To Buy Co 

2. Osim International: Plans To Issue Up To S$120M In 2016 Convertible Bonds
Osim International Prices Offer At S$2.025 Initial Conversion Price 

1. The Dow Jones industrial average .DJI slipped 19.15 points, or 0.16 percent, to end at 12,070.81. The Standard & Poor's 500 Index .SPX declined 1.23 points, or 0.10 percent, to 1,284.94. The Nasdaq Composite Index .IXIC shed 1.00 point, or 0.04 percent, to finish at 2,701.56