Thursday, May 13, 2010

Market Daily -- 13th May 10

9. Olam International 3Q Net Profit S$89.3 Million Vs S$87 Million

8. Sembcorp Industries: Cascal Withdraws US Court Restraining Order
Sembcorp Industries: Takeover Offer For Cascal Won't Be Launched Before May 21 

7. Singapore To Release 1Q GDP, Economic Survey On May 20 At 0000 GMT

6. China New Town Development To Seek HK Dual Primary Listing

5. City Developments Target Raised To S$9.60 From S$8.50 By Citi

4. Frasers Centrepoint Target Raised To S$1.58 From S$1.18 By CS

3. Sembcorp Industries Started At Buy, S$4.63 Target By DMG

2. SingTel 4Q Net Profit S$1.02B Vs S$903M; S$997M DJ Poll
 SingTel 4Q Operating Revenue S$4.47B Vs S$3.57B
SingTel Pretax Pft From Associates S$565 Million, Up 6.4%
SingTel Optus 4Q Oper Rev A$2.23B Vs A$2.1B
SingTel: Optus 4Q Net Profit Up 14% At A$220M 
SingTel: S$7 Million Exceptional Loss From Warid In 4Q
SingTel:Operating Rev For This FY To Grow At Mid Single Digit Level 
SingTel: S$327 Million FX Gain In 4Q
SingTel: This FY EBITDA Margin Expected To Decline To Around 35% 
SingTel: This FY Capital Expenditure Seen At Around S$830 Million
SingTel: This FY Capital Expenditure In Optus Seen At Around A$1.2B 
SingTel: Bharti To Maintain Market Leadership
SingTel: Bharti Earnings To Be Diluted From Zain Acquisition, 3G Investment 
SingTel: Continues To Review Investment Opportunities In Asia, Emerging Markets
SingTel: 4Q Impairment Charge From Warid S$260 Million 
SingTel: 4Q Free-Cash Flow S$1.16 Billion

1. WALL STREET: Stocks climbed as strong earnings forecast from International Business Machines lifted technology sector while better-than-expected economic growth in the euro zone helped industrials.  Dow +1.4%, Nasdaq +2.1%