Thursday, November 11, 2010

Market Daily -- 11th Nov 10

25. Olam International 1Q Net Profit S$29.7M Vs S$19M; Poll S$25.5M
Olam International 1Q Sales S$2.45 Bln Vs S$1.88 Bln Yr Ago 

24. Golden Agri Resources: 2011 Soybean Imports Seen 800,000-900,000 Tons
Golden Agri: To Complete Tianjin Soy Crushing Facility By End-2011
Golden Agri: Soybean Imports To Rise In 2012 Due To Tianjin Plant 

23. Wilmar Target Cut To S$6.20 From S$6.75 By CLSA

22. Wilmar International Target Raised To S$7.49 Vs S$6.80 -Daiwa

21. Golden Agri-Resources 3Q Net Profit US$99M Vs US$71M Yr Ago

20.  Chi-East: Commences Operations For Non-Display Trading Of Asian Securities
 Chi-East: Secured Commitments From Instinet, Deutsche Bank, Morgan Stanley, Nomura, UBS

19. Global Logistic Properties To Join MSCI Singapore Index
Global Logistic Properties Index Addition Effective Dec 1

18. Yamada Green Resources Started At Buy, S$0.40 Target By DMG

17.  Temasek Takes Bank Of America's Entitlement In China Construction Bank Rights Issue - Source
 China Construction Bank Rights Issue To Be Completed Early December - Source
 Temasek Expected To Convert BofA Rights Issue Entitlement Into Shares - Source
 Temasek Currently Has 5.6% Of China Construction Bank - Source 

16. City Developments Target Raised To S$12.40 Vs S$11.20 By Daiwa

15. ASX, SGX To Cooperate Fully With ACCC On Review Of Proposed Merger -ASX

14.  Geithner: Stronger Asia Currencies Help Contain Inflation Pressures - Report
 Geithner: Capital Inflows Into Asia Reasonable, Rational - Report
 Geithner: Capital Inflows Pose 'Pressures, Tensions' For Asia Central Banks - Report
 Geithner: Asia In Better Position To Manage Inflows Than Before - Report
 Geithner: US Growth Depends In Part On Asia Econ Growth - Report
 
13.  SIA:Adjusting A380 Flight Schedule After New Rules On Trent 900 Engines
SIA: In Compliance With New EASA Trent 900 Inspection Regulations 

12. ASL Marine Target Cut To S$0.98 From S$1.03 By CIMB

11. Wilmar Target Cut To S$6.70 From S$7.08 By CIMB

10. City Developments Target Raised To S$14 From S$13 By JPMorgan

9. Wilmar Target Cut To S$7.04 From S$7.25 By OCBC

8. Wilmar Target Cut To S$7.00 Vs S$8.00 By Goldman Sachs

7. Tiger Airways Target Raised To S$1.80 Vs S$1.71 By Macquarie

6. Indofood Agri Target Raised To S$2.77 Vs S$2.31 By Daiwa

5. Neptune Orient Target Cut To S$2.25 Vs S$2.50 By Macquarie

4. Jardine Strategic Target Set At US$33 By Credit Suisse

3. Jardine Matheson Target Set At US$55 By Credit Suisse

2. SingTel 2Q Net Profit S$891.2M Vs S$956M Yr Ago; Poll S$969M
 SingTel 2Q Operating Revenue S$4.44 Bln Vs S$4.14 Bln Yr Ago
 SingTel: Optus 2Q Revenue +4.7% At A$2.32 Billion
 SingTel: Lower Net Pft Due To Higher Taxes For Associates
 SingTel: 2Q Pretax Profit From Mobile Associates S$536M
 SingTel: 2Q Operating Expenses +10% At S$3.27 Billion
 SingTel: Free Cash Flow Of S$1.10 Billion
 SingTel: Optus 2Q Net Profit +15% At A$175 Million
 SingTel: Expect Mid Single-Digit Level Singapore Oper Rev Growth
 SingTel: Expect Mid Single-Digit Level Australia Oper Rev Growth
 SingTel: Bharti's Earnings To Be Diluted By Zain Acquisition
SingTel: Telkmomsel Operating Revenue To Grow By Single-Digit Level 
SingTel: To Increase Dividend Payout Ratio To Between 55%-70% From 45%-60%

1. WALL STREET: Stocks erased losses to finish in positive territory as investors weighed improving domestic economy against heightened global concerns. Dow +0.1%, Nasdaq +0.6%