Friday, July 13, 2012

Market Daily -- 12th Jul 12

11. Cornerstone Investors in IHH's US$2B Malaysia-Singapore IPO Will Be Allowed to Sell Before Lock-Up Expiry - Sources
Cornerstone Investors In IHH's US$2B IPO Include Kuwait Investment Authority, Government of Singapore Investment Corp 

10. Overseas Union Enterprise Target Cut To S$2.85 Vs S$3.08 By Credit Suisse

9. Singapore Jun Bunker Sales At 3.65M Tons, Down 8.5% Vs May
Singapore Jan-Jun Bunker Sales Up 2.7% On Yr At 21.74M Tons 

8. Genting Singapore Target Trimmed To S$1.42 From S$1.47 By Citigroup

7. StarHub Target Raised To S$3.90 From S$3.40 By CIMB

6. Ezra Holdings Target Raised To S$1.38 From S$1.21 By CIMB

5. Raffles Medical Group Fair Value Raised To S$2.73 From S$2.58 By OCBC

4. IMF Lagarde: 'Way Premature' to Discuss Extending, Expanding Greek Bailout - CNBC

3. Ezra Holdings, Unit Win New Contracts Totaling US$164 Million

2. Singapore 2Q GDP -1.1% On Qtr, Adjusted, Annualized; Poll Tipped +0.8%
Singapore 2Q GDP +1.9% On Year; Poll Tipped +2.4%
Singapore 2Q Manufacturing Output +3.0% On Year
Singapore 2Q Services Output +1.0% On Year
Singapore 2Q Construction Output +5.1% On Year

1. The Dow Jones industrial average .DJI shed 31.26 points, or 0.25 percent, to 12,573.27 at the close. The Standard & Poor's 500 Index .SPX shed 6.69 points, or 0.50 percent, to 1,334.76. The Nasdaq Composite Index .IXIC lost 21.79 points, or 0.75 percent, to close at 2,866.19

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