Tuesday, June 8, 2010

Market Daily -- 8th Jun 10

14. India Roads Min: Discussing US$2B Infrastructure Fund With Temasek
India Min: Meeting Temasek Wednesday On Details Of Proposed Fund
India Min: Firms Have Signed US$5B Of Deals For Road Works In Last 12 Months

13. Tiong Seng Holdings:Unit Gets S$146M Contract To Build Condominium In Singapore

12.  Singapore GIC Sells 35.7 Mln Shares In Pepsi-Cola Philippines
 Singapore GIC Sells Shares In Pepsi-Cola Philippines For PHP89.4 Mln

11. Olam Exec: Looking To Raise US$300M Through 3-Year Term Loan
 Olam Exec Director: Still Have About US$1B To Use On Acquisitions
 Olam Exec Director: No Plans To Make Equity-Linked Acquisitions

10.  Hyundai Engineering Gets $391M Order From Singapore's UED
 Hyundai Engineering & Construction To Build Complex In Singapore
 Hyundai: To Meet 2010 Overseas Order Target Of $12B "Without Difficulty"

9. Olam Started At Overweight; Target S$3.16 By Morgan Stanley

8. RBI Gokarn: Indian Economy Getting Back On Track
RBI Gokarn: Good Monsoon Rains Can Help Reduce Food Prices, Curb Inflation 

RBI Gokarn: RBI Will Continue To Correct Policy, Keeping Global Events In Mind 
RBI Gokarn: Expect Indian Economy To Grow 8% This Fiscal Year

7. Olam International: To Acquire Gilroy Foods Assets From ConAgra For US$250M
Olam: Expect Annual US Dehydrated Vegetable Revenue At US$300M-US$350M 
Olam International: Expect US Dehydrated Vegetable EBITDA Margin At 14%-15%

6. Indofood Agri Target Cut To S$2.25 From S$2.86 By CIMB

5. Golden Agri-Resources Target Cut To S$0.62 From S$0.72 By CIMB

4. Wilmar Target Cut To S$6.50 From S$7.85 By CIMB

3. Sembcorp Industries Target Cut To S$4.58 From S$4.80 By Daiwa

2. Olam Started At Overweight, S$3.16 Target By Morgan Stanley

1. WALL STREET: Stocks fell as investors continued to worry about European sovereign debt while data on consumer spending also sparked concern about economic recovery. Dow fell 1.2%, Nasdaq dropped 2.0%