Friday, March 23, 2012

Market Daily -- 23rd Mar 12



7. Global Logistic Properties Deputy Chairman: Positive On China Consumption Growth
GLP: Not Worried About Economic Slowdown In China 
GLP: See China Economy Growing At Least 6.5%-7.5% Annually In Medium Term
GLP: Tight Credit Conditions In China Have Created Growth Opportunities 
GLP: Focused On Organic Growth In China; Exploring Acquisition Opportunities
GLP: No Current Need To Enter New Markets; Vietnam Interesting In Long Term 
GLP: Yuan Will Appreciate Against U.S. Dollar In The Long Term
GLP: Company Uses Natural Hedges To Mitigate FX Risks

6. Singapore Feb CPI +4.6% On Year; DJ Poll Tipped +5.0%
Singapore Feb Transportation Prices +4.4% On Year
Singapore Feb Housing Costs +9.5% On Year
Singapore Feb Food Prices +2.6% On Year
Singapore Government: MAS Core Inflation Moderated To 3% In Feb
Singapore Government: CPI Inflation, Core Inflation Will Remain Elevated Over Next Few Months 

5. Singapore Tourism Board: Forecast S$23 Bln-S$24 Bln Tourism Receipts In 2012
Singapore Tourism Board: Expect 13.5 Mln To 14.5 Mln Visitor Arrivals In 2012 

4. Genting Singapore Gains 7.7% After Casino Regulator Issues Junket Licenses

3. Hyflux: Partners Hitachi, Itochu To Develop Seawater Desalination Plant In India
 Hyflux: Desalination Plant Project To Cost About US$600 Mln

2. Noble Group: Launches Syndication Of US$1.5B Revolving Loan Facilities

1. The Dow Jones industrial average .DJI fell 78.48 points, or 0.60 percent, to 13,046.14 at the close. The S&P 500 Index .INX dropped 10.11 points, or 0.72 percent, to 1,392.78. The Nasdaq Composite .IXIC lost 12.00 points, or 0.39 percent, to 3,063.32

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