Thursday, July 15, 2010

Market Daily -- 15th Jul 10

13. Singapore Airlines June Passenger Load Factor 82.8% Vs 75.7 Yr Ago
 Singapore Airlines: Carried 1.4 Mln Passengers In June, +7.7% On Yr
 Singapore Airlines: June Cargo Load Factor 63.9% Vs 62.9% Yr Ago
 Singapore Airlines: June Overall Load Factor 71% Vs 67.6% Yr Ago

12. Singapore M1 2Q Net Profit S$40.8 Million

11. Singapore Govt: 847 New Private Home Units Sold In June

10. Fitch Upgrades SingTel's Ratings to 'A+'; Outlook Stable
Fitch: SingTel Upgrade Due To Potential Support From Temasek In Times Of Distress
Fitch: Singapore Govt Unlikely To Let SingTel Stake Fall Below 50% In Near Term 

9. DBS Target Cut To S$12.00 From S$18.00 By RBS

8. Overseas Union Enterprise Target Set At S$3.04 By CIMB

7. ST Engineering Started At Buy, S$3.64 Target By Phillip Sec

6. Allgreen Properties Target Cut To S$1.33 From S$1.63 By UBS

5. Cosco Corp Target Raised To S$1.25 From S$1.00 By MS

4. SC Global Target Cut To S$1.90 From S$2.26 By DMG

3. Keppel Land Target Raised To S$4.60 From S$3.86 By DMG

2. Fortis Unit Dispatches Offer Document For Parkway Holdings Takeover
Fortis Unit Sets Aug 12 As Initial Deadline For Acceptance
Fortis Unit RHC Healthcare Offers S$3.80 For Each Parkway Share

1. WALL STREET: Stocks on strong earnings report from Intel after-hours in previous session but optimism muted after chilly economic forecast from Fed. Fed minutes noted "relatively modest" worsening in economic outlook, raised possibility further monetary stimulus may be needed if economy shows more serious signs of slowing. Investors say minutes weren't surprising but glum reminder of troubles. Data underscored woes with retail sales slumping for second straight month, business inventories weaker than expected. Dow flat, Nasdaq +0.4%