Thursday, May 20, 2010

Market Daily -- 20th May 10

10. Sri Trang Agro-Industry Plans To Raise Up To S$200 Mln In Singapore IPO - Source

9.  CH Offshore Target Cut To S$0.70 From S$0.87 By DBS Vickers

8. Singapore Land Target Raised To S$7.68 From S$6.73 By CIMB

7.  K-REIT Asia Started At Underperform, S$1.01 Target By CIMB

6. Wilmar Target Cut To S$7.20 From S$8.10 By Kim Eng

5.  Singapore MTI Exec: Difficult To Predict Full Impact Of Europe Crisis
 Singapore MTI Exec:Chinese Demand Helped Economies Stage Strong Recovery
 Singapore MTI Exec:Asset Prices Have Gone Up "Too Fast, Too Much"
 Singapore MTI Exec: Surprised By Strong China Imports From Regional Economies
 Singapore MAS: Vigilant On Asset Prices
 Singapore MAS: April Monetary Policy Factored In Asset Price Inflation
 Singapore MAS Maintains Inflation Outlook For 2010
 Singapore MAS: Recent USD/SGD Moves Within Policy Band
 Singapore MAS: Sibor Decline In Line With Global Softening Of Rates
Singapore MAS: Interest Rates Are Market Determined 
Singapore MTI: Economy Can Grow Faster Than Projected If EU Recovers

4. Singapore Revised 1Q GDP +38.6% On Quarter, Annualized Vs +32.1% Preliminary
Singapore Revised 1Q GDP +15.5% On Year Vs +13.1% Preliminary 
 Singapore Keeps 2010 Economic Growth Forecast At 7.0%-9.0%
 Singapore MTI: Recent EU Developments Suggest Downside Risks Have Intensified
 Singapore Govt Ups 2010 Non-Oil Export Growth Forecast To 15%-17% Vs 10%-12%
 Singapore MTI: US Economic Recovery Is Becoming More Broad-Based
 Singapore MTI: Concerns Remain Over Asset Price Inflation In Emerging Asia

3. Hsu Fu Chi Intl Started At Hold, S$2.75 Target By UOB KayHian

2. Sembcorp Industries: US Court Gives Clearance To Launch Offer For Cascal

1. WALL STREET: Stocks fell led by industrial companies as investors worried weak euro could hurt profits of companies that do business in euro zone. Investors were increasingly skeptical that EU's nearly $1 trillion bailout plan will be enough to contain damage of Greece's sovereign-debt woes. Dow fell 0.63%, Nasdaq declined 0.82%