Wednesday, May 9, 2012

Market Daily -- 9th May 12

21. Neptune Orient Lines 1Q Net Loss US$253.6 Mln Vs US$10 Mln Loss
Neptune Orient Lines 1Q Revenue US$2.38 Bln Vs US$2.44 Bln 
Neptune Orient Lines: Achieved About US$100 Mln In Cost Savings In Quarter

20. United Overseas Bank: 1Q Net S$688M Vs S$612M; Expected S$616M
UOB: 1Q Net Interest Income S$998M Vs S$871M 
UOB: 1Q Non Interest Income S$630M Vs S$551M

19. Sembcorp Marine 1Q Net Profit S$113.1 Mln Vs S$150.6 Mln
Sembcorp Marine 1Q Revenue S$942.6 Mln Vs S$828.9 Mln
Sembcorp Marine: Has Orders Worth S$7.4B With Deliveries Through 2Q Of 2015
Sembcorp Marine: Fundamentals Driving Offshore & Marine Activities Strong 

 18. Singapore Technologies Engineering 1Q Net Up 21% At S$134.4 Mln

17. Prudential Had Strong Start To 2012
Prudential: Asia New Business Profit Up 22% To GBP260 M
Prudential: UK New Business Profit GBP62M
Prudential: Total Asset Management Net Inflows At GBP2.1B
Prudential IGD Surplus Estimated At GBP3.8B
Prudential US New Business Profit GBP214M
Prudential Balance Sheet, Cap Position Continue To Be Strong
Prudential On-Track To Achieve 2013 'Growth And Cash' Fincl Objectives
Prudential Looks Forward To he Rest Of Yr With Confidence
Prudential: Sovereign Debt Was 15%, Or GBP8.8B, Of Debt Portfolio 

16. EU Official: EU-Singapore Free-Trade Talks Could End By Summer
EU Official: EU, Singapore May Sign FTA By Year-End 

15. SIA Engineering Target Cut To S$4.00 Vs S$4.10 - HSBC

14. Singapore Minister: EU's Recovery Will Impinge Significantly On Global Economic Prospects
Singapore Minister: EU's Recovery Will Impinge Significantly On Global Economic Prospects
Singapore Minister: EU Should Look Outward, Seek Growth Opportunities In New Markets
Singapore Minister: Asia Growth Provides Economic Opportunities For European Firms
Singapore Minister: EU-Singapore Free-Trade Agreement In Final Stages Of Negotiation 

13. OKP Holdings Target Cut To S$0.65 From S$0.75 By DBS Vickers

12. Neptune Orient Lines Down 4.1% At S$1.165 Ahead Of 1Q12 Results

11.  Singapore Exchange Likely To Grant Listing Approval For F1 IPO By Early Next Week - Sources
F1's More Than US$2.5B Singapore IPO Scheduled For Mid-June - Sources
CVC In Cornerstone Investor Meetings Ahead Of Planned Formula 1 IPO - Sources

10. Foreland Fabrictech Target Cut To S$0.114 From S$0.134 By CIMB

9. Wing Tai Holdings Target Raised To S$1.38 From S$1.33 By CIMB

8. Goodpack Target Raised To S$2.00 From S$1.85 By DBS Vickers

7. OKP Holdings Fair Value Cut To S$0.53 From S$0.75 By OCBC

6. SIA Engineering Fair Value Raised To S$4.04 From S$3.88 By OCBC

5. Cosco Corp (Singapore) Target Cut To S$0.70 From S$0.75 By Citigroup

4. SIA Engineering Target Raised To S$4.20 From S$3.80 By UOB KayHian

3. Cosco Corp Target Cut To S$0.87 From S$1.01 By Daiwa

2. Singapore Telecommunications: Group Total Mobile Customers 445M As On March 31

1. The Dow Jones industrial average .DJI was down 76.44 points, or 0.59 percent, at 12,932.09. The Standard & Poor's 500 Index .SPX was down 5.86 points, or 0.43 percent, at 1,363.72. The Nasdaq Composite Index .IXIC was down 11.49 points, or 0.39 percent, at 2,946.27