Thursday, July 8, 2010

Market Daily -- 8th Jul 10

10.  GIC RE Considers $2 Bln Singapore IPO For China,Korea,Japan Assets- Sources
 GIC RE Singapore IPO Likely In 4Q - Sources
 GIC RE Singapore IPO Likely In 4Q - Source

9.  Temasek Portfolio Value S$186B In Fiscal Year Ended March 31 Vs S$130B Year Ago
 Temasek: Net Profit Down On Reduced Contributions From Portfolio Companies
 Temasek: Fiscal Year New Investments S$10B, Divestments S$6B
 Temasek: Credit Markets Remain Skittish, Inflation Risk For Medium Term
 Temasek: Developing Markets Risk Asset Bubbles
 Temasek: Loose Lending May Haunt Banking System In Developing Markets
Temasek: Recovery Remains Fragile, Global Growth To Be Slow In Medium Term 
Temasek: Remain Optimistic About Growth Prospects In Asia
Temasek: Will Likely Increase Exposure To Asia Over Next 10 Years 
Temasek: Some Temasek Linked Cos Severely Impacted By Crisis
Temasek: Singapore Linked Companies Well Positioned For The Long Term 
Temasek: Comfortable With Investments In China Banks
Temasek: Looking At Mongolia Mining Opportunities 

8. Genting Singapore Target Raised To S$1.40 Vs S$1.22 By BoA-ML

7.  Khazanah Unit Extends Offer To Buy Parkway Holdings Shares
 Integrated Healthcare Extends Parkway Offer Closing Date To July 26
 Integrated Healthcare: Received Acceptance From 1.2% Of Parkway Holders

6. BP Spokeswoman: Investigating Resignation Of Traders In Singapore
BP Spokeswoman: Won't Comment On Reasons For Resignation

5. HTL International Target Cut To S$0.73 From S$1.10 By CIMB

4. Sound Global Target Raised To S$0.70 From S$0.60 By Citigroup

3. CSR CEO: Expects Vast Majority Of Shareholders Will Support Sucrogren Sale
 CSR CEO: Conditions Across Company Businesses Remain Uncertain
 CSR CEO: Considering Capital Management Options From Sucrogen Sale Proceeds 

2. CapitaMalls Malaysia Trust Retail Price Fixed At MYR0.98/Unit
 CapitaMalls Malaysia Trust: Institutions To Pay MYR1 Per Unit
CapitaMalls Malaysia Trust To List On Bursa Malaysia On July 16 

1. WALL STREET: Stocks rallied broadly in third-biggest one-day gain of year, pushing Dow back above key 10000 level. J.P. Morgan Chase +5%, Bank of America +4.6% boosted by rosy earnings forecast from State Street +9.9% and as details on euro-zone bank stress tests removed some uncertainty. Dow climbed +2.8%, Nasdaq rose 3.1%