Market Daily -- 12th Aug 11

20. Neptune Orient Lines 2Q Revenue US$2.15B Vs US$2.12B Yr Ago
Neptune Orient Lines 2Q Net Loss US$57.0 Mln Vs US$100M Profit Yr Ago 


19. Genting Singapore 2Q Net Profit S$242.9 Mln Vs S$396.5 Mln

18.  United Overseas Bank: 2Q Net S$636M Vs S$602M; Poll S$636.6M
 UOB: 2Q Net Interest Income S$913M Vs S$884M
 UOB: 2Q Non Interest Income S$524M Vs S$382M
 UOB: 2Q Expenses S$612M Vs S$540M
 UOB: 2Q Net Interest Margin 1.92% Vs 1.90% In 1Q
 UOB: Nonperforming Loan Ratio 1.5% At June Vs 1.6% At March
 UOB CEO: Expects Global Uncertainties, Volatility To Persist
 UOB CEO: Balancesheets Of Asian Corporates, Individuals Remain Sound

 17. Mercator Lines 1Q Net Profit INR147.3 Mln

Mercator Lines 1Q Consolidated Net Profit INR147.3 Mln
Mercator Lines 1Q Consolidated Sales INR3.30 Bln 

16. Noble Group Target Cut To S$2.06 From S$2.74 By HSBC

15. Noble Group Target Cut To S$2.25 From S$2.45 By Goldman Sachs

14. Wilmar International CEO: No Plan To Further Raise Cooking Oil Prices In China
Wilmar CEO: Doesn't See China Authorities Easing Inflation Control Measures 

13. Noble Group Target Price Cut To S$1.61 From S$2.70 By CIMB

12.  City Developments Exec: Singapore's Hotel, Office Property Sectors Doing Well
 City Developments Exec: 'Not Too Worried' About Singapore Housing Policy
 City Developments Exec: Singapore Population Growth To Support Demand

 11. Global Logistic Properties: Stronger Yuan, Yen Have Positive Impact On Earnings
Global Logistic Properties Exec: Demand For Warehousing Rising In Japan 

10. Yangzijiang Shipbuilding Target Cut To S$1.51 Vs S$2.66 -UOB

9. Noble Group Target Cut To S$2.24 Vs S$2.56 By UOB

8. Golden Agri-Resources Target Raised To S$0.79 Vs S$0.75 -UOB

7. Noble Group Target Price Cut To S$2.00 Vs S$2.50 By DMG

6. Golden Agri-Resources Target Cut To S$0.96 Vs S$1.37 By CIMB

5. Tiger Airways: Pleased With Australia Flight Bookings
Tiger: Selling More Australia Seats Daily Than Daily Flying Capacit
Tiger: Flights Aren't Overbooked
 Tiger: Sold About 1,500 Australia Tickets In First 24 Hours After Ban Lifted

4. City Developments 2Q Net Profit S$220.9M Vs S$188.9M
 City Developments 2Q Revenue S$979.4M Vs S$981.7M
 City Developments: Doesn't Expect Any New Govt Policy To Destabilize Property Mkt
 City Developments: Residential Property Market Remains Sustained Despite Govt Caution
 City Developments: To Pay 5 Singapore Cents Per Share Interim Dividend

3. Wilmar International 2Q Net US$393.1 Mln Vs US$344.5 Mln Yr Ago
 Wilmar International: 2Q Revenue Up 56% To US$10.56 Bln
Wilmar International: To Pay S$0.03 Per Share Interim Dividend 
Wilmar CEO: Prospects Remain Positive Despite Global Uncertainties
Wilmar: Chief Financial Officer Heng Hang Song Francis Resigns  

2. Global Logistic Properties 1Q Net Profit US$97.3 Mln Vs US$488 Mln Yr Ago
 Global Logistic Properties: 1Q Revenue Rose 15.2% To US$129 Mln

1. The Dow Jones industrial average surged 423.37 points, or 3.95 percent, to 11,143.31. The Standard & Poor's 500 Index shot up 51.88 points, or 4.63 percent, to 1,172.64. The Nasdaq Composite Index jumped 111.63 points, or 4.69 percent, at 2,492.68