Friday, May 17, 2013

Market Daily -- 17th May 13

8. Indonesia MOF Official: Open to DBS Investment in Danamon up to 67% if Conditions Met
Indonesia MOF Official: Reciprocity in Investment Conditions Important for Larger DBS Danamon Stake
Indonesia MOF Fiscal Policy Office Head Bambang Brodjonegoro Spoke to Reporters in Singapore

7. Singapore Airlines Target Raised To S$11.70 From S$10.40 By Maybank-Kim Eng

6. KS Energy Fair Value Cut To S$0.50 From S$0.70 By OCBC

5. Singapore Airlines Down 2.5% at S$11.16; Fiscal 4Q Swings to S$68.3 Mln

4. Singapore Airlines Fair Value Cut To S$10.00 From S$10.85 By OCBC

3. SP AusNet Says State Grid Buys 19.9% of Company
State Grid Pays A$824 Mln For SP AusNet Stake
State Grid Also Buys 60% of Singapore Power's Australian Unit
Purchase Price in Singapore Power Australia Deal Kept Confidential

2. Singapore Apr Non-Oil Exports -1.0% On Year; -2.3% Expected
Singapore Apr Non-Oil Exports +1.1% Adj On Month; +3.0% Expected
Singapore Apr Electronics Exports -9.0% On Year
Singapore Apr Non-Electronics Exports +3.3% On Year
Singapore Apr Pharmaceutical Exports -11.8% On Year

1. The Dow Jones industrial average .DJI dropped 42.47 points, or 0.28 percent, to close at 15,233.22. The Standard & Poor's 500 Index .SPX fell 8.31 points, or 0.50 percent, to end at 1,650.47. The Nasdaq Composite Index .IXIC slipped 6.37 points, or 0.18 percent, to finish at 3,465.24.

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