Monday, October 25, 2010

Market Daily -- 25th Oct 10

11. China To Raise Gasoline, Diesel Prices Monday Night -Report
China Fuel Price Hikes Likely Around CNY220/Ton -Report 

10. Ezra Price Objective Cut To S$1.24 Vs S$2.22 By BOA-ML

9.  Singapore September CPI Up 3.7% On Year; +3.6% Consensus
 Singapore September Adjusted CPI Up 0.2% On Month Vs +0.3% Poll
 Singapore September Transportation Costs Up 9.1% On Year
 Singapore September Housing Costs Up 4.7% On Year
 Singapore September Food Costs Up 1.7% On Year 

8.  Taiwan Stock Exchange: No Plan To Merge With Other Bourses
 Taiwan Stock Exchange: SGX, ASX Tie-up To Put Pressure On Other Asian Bourses

7. Singapore Exchange Opens Down 5.8% After Announcing ASX Merger

6.  ASX: Singapore Exchange To Combine
 ASX: To Merge With Singapore Exchange
 ASX: Shareholders To Receive A$22/Share In Cash Plus 3.473 SGX Shares
 ASX: Singapore Deal Values ASX At S$10.7B Or A$8.4B
 ASX: Singapore Deal Values ASX At A$48/Share
 ASX: Singapore Deal Values ASX At S$10.7B Or A$8.4B
ASX: Singapore Deal A Premium Of 37.3% To Last Traded Share Price 
ASX: Expects Combined ASX-SGX Pro Forma Revenues About US$700M
ASX: Expects Combined ASX-SGX Pro Forma EBIT About US$1.1B
ASX: ASX, SGX To Remain Separate Legal, Locally Regulated Entities
ASX: SGX To Acquire All Issued Ordinary Shares In ASX 
ASX: Pro Forma Market Capitalisation Of Combined ASX-SGX About US$12.3B
ASX: Transaction To Boost SGX EPS By Around 20%
ASX: SGX Deal Requires Australia, Singapore Regulatory Approvals
ASX: SGX To Fund Deal Through 18-Month Bridge Loan By ANZ, Deutsche Bank
ASX: SGX To Replace Bridge Facility With Longer-Term Debt Instrument 
ASX: SGX To Replace Bridge Facility With Longer-Term Debt Instrument
ASX: SGX To Replace Bridge Facility With Longer-Term Debt Instrument 
ASX: SGX CEO Magnus Bocker To Be CEO Of Combined SGX-ASX
SGX CEO: ASX-SGX Combination To Play Significant Role In Asia Pacific
 SGX CEO:ASX-SGX Combination To Provide Stronger IPO Platform
SGX CEO: Will Have More Balanced Portfolio Of Revenues After ASX Merger 
SGX CEO: Brands To Remain Intact
ASX Ltd CEO: Funding For Transaction Fully Committed 
ASX Ltd CEO: No Intention For ASX To Raise Equity Prior To Transaction
SGX CEO: EPS To Rise A Bit More Than 20% Not Including Synergies 
SGX CEO: With Synergies, Adds Closer To 26% To Earnings

5. Anchun International Opens At S$0.33 On Debut Vs S$0.28 IPO Price

4.  Yanzhou Coal Mining (H) Target Raised To HK$25.60 Vs HK$21.50-HSBC

3. Baidu Target Raised To US$116 Vs US$80 By HSBC

2. SGX, ASX In Merger Talks - Source
 SGX, ASX Talks May Lead To SGX A$6 Billion Takeover-Source
SGX To Make $8.2 Billion Offer For ASX Monday-Sources 
SGX To Offer A$48 Per Share For All Of ASX
SGX To Offer A$22 Per Share In Cash Plus A$26 In SGX Shares-Sources 
SGX To Announce Offer For ASX 22:00 GMT Monday-Sources
SGX To Raise Up To $3.5 Billion In Bridge Loan-Sources
Singapore Exchange Shares To Resume Trading At 0200 GMT

1. WALL STREET: US stocks closed mixed as worries about corporate profit growth, pre-G-20 jitters weighed on DJIA; nearly three-quarters of S&P 500 companies that have reported 3Q results thus far this season have topped analysts' estimates, but traders remain concerned about currencies and weak economic backdrop. Dow down 0.1%, Nasdaq +0.8%