Wednesday, December 8, 2010

Market Daily -- 8th Dec 10

14. China Aviation Oil Signs Contracts To Buy 2011 Jet Fuel -Traders
CAO Signs Jet Fuel Term Contracts With S-Oil, Cosmo Oil -Traders
 CAO To Buy Jet Fuel Around -$0.35/Bbl To Singapore Quotes -Traders
 CAO May Buy Term Jet Fuel From SK Energy, Unipec, PetroChina -Traders

13. Sunmart Holdings Started At Buy, S$0.33 Target By Asiasons WFG

12.  Global Logistic Properties: Non-Competition Pact With ProLogis 'Not Material'
 GLP: No Specific Plans To Develop New Facilities, Acquire Land Bank In Japan

11. Indofood Agri Resources: Sold 8% Stake In Indonesia's Lonsum For S$183.8M

10. MAS Survey: Economists Expect Singapore 2010 GDP +15% On Year
 MAS Survey: Economists Expect Singapore 2010 CPI +2.8% On Year
 MAS Survey: Economists Expect 2010 Non-Oil Exports +24% On Year
 MAS Survey: Economists Expect Singapore 4Q GDP +12.8% On Year
 MAS Survey: Economists Expect Singapore 4Q CPI +3.9% On Year
 MAS Survey: Economists Expect US Dollar At S$1.2900 By December-End
 MAS Survey: Economists Expect Singapore 2011 GDP +5.1% On Year
 MAS Survey: Economists Expect Singapore 2011 CPI +2.9% On Year
 MAS Survey: Economists Expect Singapore Unemployment Rate 2.1% By Year-End

9. Global Logistic Properties Target Set At S$2.10 By BoA ML

8. Mun Siong Engineering Started At Buy, S$0.28 Target By DMG

7. ARA Asset Management Target Raised To S$1.74 From S$1.18 By CS

6. Noble Group Started At Buy, S$2.60 Target By Goldman Sachs

5. Olam Started At Neutral, S$3.20 Target By Goldman Sachs

4. Wilmar Target Cut To S$6.25 From S$7.00 By Goldman Sachs

3. Mewah International Started At Buy, S$1.30 Target By Nomura

2. Straits Asia Resources Target Raised To S$2.49 Vs S$2.10 - DMG

1. WALL STREET: Concerns about how Ireland's economy will handle steep austerity measures weighed upon U.S. stocks, throwing cold water on the market's enthusiasm over an agreement between President Barack Obama and Republican leaders in Congress to extend the Bush-era tax cuts. Dow was flat, Nasdaq +0.1%