Wednesday, November 10, 2010

Market Daily -- 10th Nov 10

24. Li Heng Chemical Target Cut To S$0.24 Vs S$0.35 By Kim Eng

23.  ST Engineering: Unit Secures S$160M Contracts

22. SingTel: Group Mobile Customer Base 368M At End Sept

21.  DBS Group Seeks To Raise S$500 Mln Via Preference Shares Offer
 DBS Group Preference Shares Callable In 2020
 DBS Group: Option To Increase Preference Share Offer To S$800 Mln
 DBS Group: Preference Shares Intended To Qualify As Tier 1 Capital 

20.  Bharti Airtel 2Q Net Profit INR21.00 Bln
 Bharti Airtel 2Q Unconsolidated Net Profit INR21.00 Bln Vs INR22.97 Bln
 Bharti Airtel 2Q Net Profit INR16.61 Bln As Per IFRS
 Bharti Airtel 2Q Net Profit INR16.61B Vs INR22.63B As Per IFRS
 Analysts Expected Bharti Airtel 2Q Net Profit At INR18.80 Bln
 Bharti Airtel 2Q Sales INR152.15B Vs INR103.79B As Per IFRS
 Bharti Airtel 2Q Africa Revenue INR38.91 Bln
Bharti 2Q Forex Gain INR2.49 Bln Vs Forex Loss INR750 Mln
Bharti 2Q Average Revenue/User INR202
Bharti 2Q Average Minutes Of Usage 454 Vs 480 In 1Q
Bharti 2Q Net Interest Outgo Including Africa INR5.81 Bln
Bharti 2Q Effective Tax Rate Including Africa 25.5%
Bharti 2Q India, South Asia Revenue Down 9.9% At INR20.40B
Bharti Airtel Consolidated 1H Free Cash Flow At INR43.34 Bln 

19. Golden Agri-Resources Target Raised To S$0.85 Vs S$0.72 -Daiwa

18. Noble Group Target Raised To S$2.60 From S$1.85 By DBS Vickers

17. Noble Group Target Raised To S$2.75 From S$2.30 By BoA ML

16. Singapore Land Target Raised To S$8.54 From S$7.28 By CIMB

15.  SIA To Replace Rolls Royce Engines On 3 A380s With Same Type Engines
SIA To Replace Rolls Royce Engines On 3 A380s With Same Type Engines 

14. Noble Group Target Raised To S$2.45 From S$1.62 By CIMB

13.  Nordic Group Opens At S$0.25 On SGX Debut Vs S$0.20 IPO Price

12. Singapore Airlines To Replace Rolls Royce Engines On 3 A380s

11. Noble Group Target Raised To S$2.33 From S$1.96 By Phillip Sec

10. Singapore Airlines Target Raised To S$20 From S$17 By JPMorgan

9. Biosensors Target Raised To S$1.50 From S$1.20 By Nomura

8. Noble Group Target Raised To S$2.50 From S$2.00 By JPMorgan

7. Noble Group Target Raised To S$2.55 Vs S$1.65 By Credit Suisse

6. Singapore Airlines Cargo: Not Involved In Any Conspiracy To Fix Rates
Singapore Airlines Cargo: Not Involved In Any Conspiracy To Fix Rates 
Singapore Airlines Cargo: Likely To Appeal European Commission Decision
Singapore Airlines Cargo: Likely To Appeal To European Courts In Luxembourg 
Singapore Airlines Cargo: To Provide S$134M This FY For European Commission Fine

5. Mapletree Logistics Trust Started At Buy, S$1.11 Target By RBS

4. Thai Beverage Started At Overweight, S$0.35 Target By HSBC

3. Fraser & Neave Started At Underweight, S$5.97 Target By HSBC

2. Wilmar International 3Q Net Profit US$259.5M Vs US$652.9M Yr Ago
 Analysts Expected Wilmar 3Q Net Profit At US$416 Mln
 Wilmar: 3Q Revenue Up 23.3% On Year At US$7.76 Billion
Wilmar: Finance Costs Rose, Contribution From Associates Lower 
Wilmar: Margins For Oilseeds, Grains Weaker

1. WALL STREET:Stocks fell as investors became increasingly concerned about potential impact of Fed's stimulus plans announced last week. Dow down 0.5%, Nasdaq down 0.7%