Wednesday, July 4, 2012

Market Daily -- 4th Jul 12

8. Genting Singapore Target Cut To S$1.50 From S$1.80 By Morgan Stanley

7. Ying Li International Target Raised To S$0.42 From S$0.40 By UOB-KH

6. ARA Asset: CEO John Lim Sells 4.08% Interest in ARA at S$1.42 Per Share
ARA Asset: CEO's Interest in ARA Falls to 32.51% Vs 36.59% Before Share Sale
ARA Asset: Share Sale Aimed at Boosting Trading Liquidity, Meet Investor Demand 

5. Golden Agri-Resources Fair Value Raised To S$0.81 From S$0.74 By OCBC

4. Berlian Laju Tanker: Gets 3-Month Extension to Court Order Preventing Vessels Being Impounded
Berlian Laju: Indonesian Bondholder Creditors Agree to Hold off Action Until July 30
Berlian Laju: Working With Creditors to Finalize Restructuring Plan

3. Sheng Siong Target Raised To S$0.51 From S$0.45 By DMG & Partners

2. United Overseas Bank: Prices S$1.2B Issuance of 10-Year, 3.15% Bonds at Par

1. The Dow Jones industrial average .DJI gained 72.43 points, or 0.56 percent, to 12,943.82. The Standard & Poor's 500 Index .SPX rose 8.51 points, or 0.62 percent, to 1,374.02. The Nasdaq Composite Index .IXIC added 24.85 points, or 0.84 percent, to 2,976.08