Thursday, January 6, 2011

Market Daily -- 6th Jan 11

21. China Unicom ADR Target Raised To US$16.80 Vs US$16.15 By GS

20. China Telecom ADR Target Raised To US$69.77 Vs US$50.39 By GS

19. China Mobile ADR Target Cut To US$56.20 Vs US$60.72 By GS

18.  CapitaMalls Asia: To Offer Up To S$200M In Bonds
 CapitaMalls Asia: To Offer S$100M In 1-Year Bonds With 1% Interest
CapitaMalls Asia: To Offer S$100M In 3-Year Bonds With 2.15% Interest 

17. RH Petrogas Started At Buy With $1.35 Target Price By Kim Eng

16. Yuanta Financial: Expect NT$7.19 Bln Profit From Kim Eng Stake Sale

15.  Malayan Banking: Offering To Buy 100% Of Kim Eng For MYR4.26 Billion
 Malayan Banking: Plans To Take Kim Eng Private
Malayan Banking: Deal Will Strengthen Firm's Footprint In SE Asia 

14. Yangzijiang Shipbuilding Target Raised To S$2.20 Vs S$2.05 By CLSA

13.  Cosco Corp. Target Raised To S$2.60 From S$2.25 By CLSA

12. MayBank Unit Aseam: To Make Offer To Buy Kim Eng Holdings
MayBank Unit Aseam: Two Investors Of Kim Eng Have Agreed To Sell Stake 
MayBank Unit Aseam: To Offer S$3.10/Share For Kim Eng Stake
MayBank Unit Aseam: Two Investors Hold 44.63% Stake In Kim Eng
MayBank Unit Aseam: Singapore Investor To Sell 15.44% Stake In Kim Eng
MayBank Unit Aseam: Taiwan's Yuanta Securities Asia Financial Services To Sell 29.19% Stake
MayBank Unit Aseam: To Pay S$798.44M For 44.63% Stake

11. Epicentre Initiated At Buy With S$0.51 Target Price By DMG

10. STX OSV Target Cut To S$1.45 Vs S$1.54 By Goldman Sachs

9. SembCorp Industries Target Cut To S$4.40 Vs S$5.85 By Goldman

8. SembCorp Marine Target Cut To S$5.00 From S$5.75 By Goldman

7.  Keppel Corp. Target Raised To S$13.00 Vs S$11.00 By Goldman

6. Yuanta Financial: To Sell Entire 29.19% Stake In Kim Eng To Maybank
Yuanta Financial: To Sell Kim Eng Stake For S$522.27 Mln
Yuanta Financial: Stake Sale To Raise Cash For Future Expansion In HK, China 
Yuanta Financial: Expect Kim Eng Sale To Be Completed In 4-6 Months

5. Maybank To Offer S$3.10/Share For Kim Eng Holdings - Source

4. Maybank To Buy 28% Of Kim Eng From Taiwan Investor At 1.9X Book Value - Source
Maybank To Make General Offer For Remaining Kim Eng Stake - Source
Maybank Offer Values Kim Eng At MYR4.2 Billion - Source 

3. CapitaMalls Asia: To Offer Up To S$200 Mln In Bonds
 CapitaMalls Asia: Offer Includes Up To S$100M In 1-Yr Bonds
 CapitaMalls Asia: Offer Includes Up To S$100M In 3-Yr Bonds

2. STATS ChipPAC Prices US$200M 5.375% 2016 Private Bond Placement

1. WALL STREET: Stocks extended their winning streak, adding to their New Year's run, as encouraging data from the labor market and service sector pointed to a firming economic recovery. The Dow closed up 0.3%, Nasdaq +0.8%