Monday, July 9, 2012

Market Daily -- 9th Jul 12

19.  Singapore June Foreign Exchange Reserves $243.4B Vs $237.7B in May

18. Keppel Corp: Subscribed to New Shares of KrisEnergy for US$115 Million
 Keppel Corp: Now Hold 20% Stake in KrisEnergy

17. Olam Now Seeks to Price Singapore Dollar Bond to Yield Around 5.875% - Source
Olam Seeks to Price Benchmark 7-Year Singapore Dollar Bond Today - Source 

16. Singapore Minister: Stronger Singapore Dollar Has Posed Some Challenges to Businesses
Singapore Minister: Local Bank Exposure to Euro Zone Remains Low
Singapore Minister: Recognize That Inflation Rate Is 'Uncomfortably High'
Singapore Minister: Inflation Is Expected to Moderate in Second Half of 2012
Singapore Minister: MAS Studying Viability of Inflation-Linked Bonds 
Singapore Minister: Singapore Financial Markets Are 'Sound'
Singapore Minister: Capital Inflows Have Affected Singapore Asset Markets
Singapore Minister: Capital Inflows Into Singapore Have Receded 
Minister: Singapore Foreign-Exchange, Domestic Money Markets Have Functioned in Orderly Manner
Singapore Minister: Cannot Rule out Resurgence of Short-Term Capital Inflows 

15.  Singapore Minister: Sovereign Debt Crisis Situation in Europe Remains Worrying
 Singapore Minister: Increased Uncertainty if Italy, Spain Need Full-Scale Bailouts
 Singapore Minister: Euro-Zone Economies to Remain Weak
 Singapore Minister: Economic Growth Momentum Has Also Slowed in US, China
 Singapore Minister: No Immediate Need for Govt to Step in to Cushion Local Economy
 Minister: Expect Singapore Economy to Grow 1%-3% This Year
 Minister: Singapore Government Stands Ready to Respond When Appropriate

14.  CapitaLand Exececutive: Singapore Residential Market to Remain Resilient, Stable
 CapitaLand Executive: Don't Expect More Property-Cooling Measures for Now

13. CapitaLand COO: Somerset Grand Cairnhill Project Development Cost About S$900M-S$1B
Ascott Ltd CEO: Sees Acquisition Opportunities in Europe; Especially Paris, London, Germany 

12. Petra Foods Target Cut To S$2.04 From S$2.34 By CIMB

11. Midas Holdings Fair Value Cut To S$0.30 From S$0.33 By OCBC

10. Suntec REIT Target Raised To S$1.54 From S$1.45 By UOB KayHian

9. Sabana REIT Target Raised To S$1.05 From S$0.95 By UOB KayHian

8. K-REIT Asia Target Raised To S$1.13 From S$1.02 By UOB KayHian

7. CapitaCommercial Trust Target Raised To S$1.30 From S$1.20 By UOB KayHian

6. Ascendas REIT Target Raised To S$2.00 From S$1.80 By UOB KayHian

5. Ascendas Hospitality Trust Seeks To File Prospectus For Over S$500M IPO In Singapore Early Next Week - Sources
Hotel Operator Accor Asia Pacific Likely to Be Cornerstone, Strategic Investor in Ascendas Hospitality Trust IPO - Source
Ascendas Hospitality Looking To List On Singapore Bourse By End July - Source

4.  CapitaLand: Plan to Buy Singapore Property From Ascott Residence Trust
CapitaLand: To Pay S$359 Million to Buy Property From Ascott
CapitaLand: To Develop, Then Divest Property to Ascott Reit for S$405 Mln
CapitaLand: To Also Divest One Singapore, One China Property to Ascott Reit 

3. Starhill Global REIT Target Raised To S$0.74 From S$0.65 By Maybank-Kim Eng

2. Genting Singapore Target Cut To S$1.40 From S$2.00 By Maybank-Kim Eng

1. The Dow Jones industrial average .DJI was down 124.20 points, or 0.96 percent, at 12,772.47. The Standard & Poor's 500 Index .SPX was down 12.90 points, or 0.94 percent, at 1,354.68. The Nasdaq Composite Index .IXIC was down 38.79 points, or 1.30 percent, at 2,937.33

1 comment:

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