Friday, July 23, 2010

Market Daily -- 23rd Jul 10

10. SIA Engineering 1Q Net Profit S$70.8M Vs S$45.1M

9.  China PBOC Makes Currency Swap Arrangement With Monetary Authority Of Singapore
 China-Singapore Currency Swap Agreement Valued At CNY150 Bln Or SGD30 Bln
 China-Singapore Currency Swap Agreement Effective For 3 Years
 China-Singapore Currency Swap Can Be Extended Beyond 3 Years

8. Singapore June CPI Up 2.7% On Year Vs Up 3.5% Dow Jones Poll
 Singapore Adjusted June CPI Down 0.4% On Month Vs +0.5% Poll
 Singapore June Transportation Costs Up 10.3% On Year
 Singapore June Housing Costs Up 2.3% On Year
 Singapore June Food Costs Up 1.2% On Year

7. Singapore Government: 2Q Private Home Prices +5.3% vs +5.6% In 1Q

6.  Singapore GIC Deputy Chairman: Global Growth To Be Uneven
 Singapore GIC: US, Europe Should Continue To Grow, Higher Downside Risks Remain
 Singapore GIC: Downside Risks To Global Economy Have Increased
GIC: Emerging Economies Will Have To Deal With Rising Inflation, Possible Asset Bubbles 

5. Olam CEO: Expect To Complete NZ Farming Systems Uruguay Takeover By Sept
 Olam CEO: Made "Fair and Full" Offer For NZ Farming
 Olam CEO: NZ Farming Acquisition May Cost Up To NZ$109 Mln
 Olam CEO: Not Aware Of Any Competing Offers For NZ Farming
Olam CEO: Chances Of Successful Rival Bid For NZ Farming "Low"
Olam CEO: Plan To Spend US$1 Bln On M&As, Expansion Over Next 2 Years 

4. Cosco Corp Target Raised To S$2.10 From S$1.44 By Kim Eng

3. Swiber Holdings Appoints DBS Bank As New Arranger For Note Program
 Swiber Holdings Raises Size Of Medium-Term Notes Program To S$500 Mln

2. OM Holdings 2Q Production Up 19% On Year At 195,756 Tons
OM Holdings: Revises 2010 Production Target To 850,000 Tons 
OM Holdings: Chinese Demand To Remain Volatile Through 2010

1. WALL STREET: Stocks climbed following strong earnings reports, better-than-expected data on U.S. existing-home sales and euro-zone economic activity. Dow +2.0%, Nasdaq +2.7%