Monday, July 5, 2010

Market Daily -- 5th Jul 10

13. Fortis Healthcare Founder Firm Revokes About 39.2 Mln Pledged Shares
Fortis: Fortis Healthcare Holdings' Pledged Shares Now At 31.02%

12.  Parkway Vice Chairman: Will Continue To Act In Best Interest Of All Shareholders
 Parkway Vice Chairman: No Interference By Fortis In Company
 Parkway Vice Chairman: Fortis Can't Direct Independent Directors' Actions

11.  SingTel: Reiterates FY11 Revenue, EBITDA, Capex Guidance
SingTel Optus: Focus On Maintaining Mobile Momentum, Exploiting NBN 

10. Singapore Exchange Target Cut To S$7 From S$8 By DBS Vickers

9. Chasen Holdings Started At Buy, S$0.56 Target By CIMB

8. CCM Group Opens At S$0.25 On SGX Debut Vs S$0.20 IPO Price

7. Wilmar Target Raised To S$6.80 From S$5.70 By Credit Suisse

6. Straits Asia Resources Target Cut To S$3.15 From S$3.90 By UBS

5. STX Offshore & Shipbuilding +8.7% At KRW12,500 On Possible IPO Of Affiliate
 STX Offshore Gains On Report STX Group To List European Unit In Singapore

4.  CapitaMalls Asia: To Acquire Gurney Plaza Extension For MYR215M
CapitaMalls Asia: Required To Make Acquisition By Put Option 

3. OM Holdings: Enters Into Short-Term Consultancy, Marketing Deal With Sydvaranger
 OM Holdings: Deal Allows Right To Negotiate Long-Term Marketing Agency Deal By Sep 30
OM Holdings: Enters Into Short-Term Consultancy, Marketing Deal With Sydvaranger 

2. Wilmar International: Completion Of Transaction Expected Around Sept 30
 Wilmar International: Transaction Expected To Be Earnings Accretive
 Wilmar International Buys Sucrogen Energy Business For A$1.75B
 Wilmar International Buys Sucrogen Energy Business From CSR.Ltd
CSR: Sells Sucrogen For A$1.75B 
CSR: Sucrogen Sold To Wilmar International
CSR: Considering Capital Management Options 
CSR: Net Proceeds From Sucrogen Sale About A$1.6B
CSR: Sucrogen Sale Subject To Approvals 
CSR: Sucrogen Sale Expected To Complete By 4Q 2010

1. WALL STREET: Stocks fell with General Electric down 1.7%, Caterpillar fell 1.3% and 3M off 1.1%following disappointing reports on U.S. employment and factory orders. Dow dropped 0.5%, Nasdaq slipped 0.5%