Wednesday, May 26, 2010

Market Daily -- 26th May 10

11. Singapore April Manufacturing Output +51% On Year Vs +19% Expected
 Singapore April Adjusted Manufacturing +24.3% On Month Vs +0.5% Expected
 Singapore April Biomedical Output +95.8% On Year
 Singapore April Pharmaceuticals Output +101.7% On Year
 Singapore April Electronics Output +60% On Year
 Singapore April Transport Engineering Down 23.2% On Year 


10.  Microsoft CEO: No Plans For New Microsoft Branded Phones Yet
 Microsoft CEO: Will Continue To Put Out New Tablet Models
 Microsoft CEO: Google Pretty Weak On Business Technology Offerings
Microsoft CEO: China Search Market Still Relatively Small 
Microsoft CEO: China Will Represent 1%-1.5 Of Microsoft Sales

9.  China Minzhong Food Target Set At S$1.45 By JPMorgan

8.  Hour Glass Target Raised To S$0.92 From S$0.87 By Kim Eng

7. GIC Real Estate Mulls Initial Public Offering For Overseas Assets - Source
GIC Real Estate Singapore IPO Could Be In Multi-Billion Dollars - Source 
GIC Real Estate Looking To List Japanese Assets Via Singapore IPO - Source
GIC Real Estate May Take Final Decision On IPO Next Month - Source 

6. Asiatravel.com Target Cut To S$0.42 From S$0.82 By DBS Vickers

5. Hour Glass Target Cut To S$0.75 From S$1.10 By UOB KayHian

4. Otto Marine Started At Outperform, S$0.47 Target By CIMB

3. Berlian Laju Tanker: Propose S$203M Renounceable Rights Issue

2. Singapore Airlines Target Raised To S$15.50 From S$9 By UBS

1.  WALL STREET: Blue-chip stocks fell but broader market edged into positive territory after materials, consumer-discretionary stocks staged late rallies. Continued concerns over European financial system, worries about tensions on Korean peninsula weighed on market. Dow down 0.2%, Nasdaq down 0.1%