Wednesday, February 29, 2012

Market Daily -- 29th Feb 12

17. Genting Singapore Seeks To Pay Around 5.375% Yield For Singapore-Dollar Perpetual Note - Term Sheet

16. United Engineers Target Raised To S$2.73 From S$2.14 By CIMB

15. Sound Global Target Raised To S$0.77 From S$0.86 By DMG & Partners

14. Kencana Agri Target Raised To S$0.37 From S$0.32 By UOB KayHian

13. RH Petrogas Target Cut To S$0.70 From S$1.00 By DNB Markets

12. Mewah International Target Cut To S$0.45 From S$0.50 By Nomura

11. City Developments Executive Chairman:High-End Property Market Won't Improve For Now
City Developments Exec Chairman: Weak Pound To Help Hospitality Business In UK
City Developments: Singapore May Introduce More Market-Cooling Steps If Developers Keep Bidding Aggressively For Land

10. Singapore January Bank Loans S$422.11 Bln Vs S$420.44 Bln December

9. United Overseas Bank Seeks To Price $500M Bond To Yield Around Tsys +150 BPs - Term Sheet
United Overseas Bank Seeks To Price 5-Year Bond Today - Term Sheet 

8. World Precision Machinery Target Raised To S$0.89 From S$0.81 By UOB-KH

7. Noble Group Target Raised To S$1.80 From S$1.20 By UOB KayHian

6. Ho Bee Investment Target Raised To S$1.75 From S$1.60 By UOB KayHian

5. ECS Holdings Fair Value Raised To S$0.69 From S$0.61 By OCBC

4. Mewah Target Raised To S$0.55 From S$0.51 By Credit Suisse

3. City Developments: Expect More Cuts To China's Reserve Requirement Ratio In 2012
City Developments: China Property Market Undergoing Correction
City Developments: Most Analysts Expect China Property Price Correction At Maximum 15%-20%

2. City Developments 4Q Net S$163.2M Vs Net S$241M
City Developments 4Q Rev S$721.5M Vs S$671.6M
City Developments: Expects 2012 To Be Challenging Year
City Developments: Expects Group To Remain Profitable In 2012
City Developments: Singapore Residential Market Proved Resilient

1. The Dow Jones industrial average .DJI gained 23.61 points, or 0.18 percent, to close at 13,005.12. The Standard & Poor's 500 Index .SPX rose 4.59 points, or 0.34 percent, to end at 1,372.18. The Nasdaq Composite Index .IXIC climbed 20.60 points, or 0.69 percent, to finish at 2,986.76