Monday, July 26, 2010

Market Daily -- 26th Jul 10

10. Singapore Airlines 1Q Net Profit S$253M Vs S$307M Loss; Poll S$236M Profit

9.  Fortis Healthcare: Decision Took Into Account Interests Of All Fortis Stakeholders
 Fortis Healthcare: Decision Made After Careful Assessment Of Intrinsic Value Of Parkway
 Fortis Healthcare: Decision Made In Light Of Other Growth Opportunities Available
 Fortis Healthcare: Remain Committed To Explore Other Opportunities In Asia
 Fortis Healthcare: To Reinvest Proceeds Of Stake Sale
 Fortis Healthcare: To Make Profit Of S$116.7 Million On Parkway Stake Deal

8.  Integrated Healthcare: Launches General Offer For Parkway Holdings
 Integrated Healthcare: Fortis Healthcare To Divest Entire Parkway Stake
 Integrated Healthcare: Offer Price S$3.95/Share
 Integrated Healthcare: Offer To Close August 16
 
7. Singapore June Manufacturing Output +26.1% On Yr Vs +36.7% Expected
Singapore June Adjusted Manufacturing Output -23.4% On Month Vs -15.5% Expected
 Singapore June Pharmaceuticals Output Grew 30.8% On Year
Singapore June Electronics Output Grew 46.8% On Year
Singapore June Transport Engineering Output Fell 3.6% On Year

6.  Fortis Healthcare May Tender Entire Parkaway Stake In Khazanah Offer - TV
 Fortis Healthcare Holds About 25% In Parkway Holdings - TV
Fortis Healthcare's Parkway Stake Bought At Average S$3.56/Share - TV 

5. Integrated Healthcare Launches General Offer For Parkway Holdings - Sources
Integrated Healthcare To Offer S$3.95/Share For Parkway - Sources

4. Genting Singapore Target Raised To S$1.15 Vs S$0.79 By Goldman

3. RSH Ltd: Peak Retail Offers To Buy All RSH Shares For S$0.85/Share
RSH Ltd: Peak Retail Looking To Acquire 352.6 Mln RSH Shares

2. Suntec REIT Target Raised To S$1.40 From S$1.25 By JPMorgan

1. WALL STREET: Stocks jumped as investors moved past results of European bank stress tests to focus on better-than-expected earnings from Verizon Communications, American Express, a dividend boost from General Electric. Dow +1.0%, Nasdaq +1.1%