Friday, February 11, 2011

Market Daily -- 11th Feb 11

6. Singapore Telecommunications Target Price Cut To S$3.07 Vs S$3.17 By UOB Kay Hian

5. DBS Expects Low Double-Digit Loan Growth In 2011 - CEO
DBS CEO: Not In Talks With PT Danamon About Acquiring Stake 
DBS CEO: See No Need For Impairment Of Hong Kong Assets 
DBS CEO Piyush Gupta Was Speaking At Press Conference In Singapore

4. Singapore Temasek: Paid Indonesian Regulatory Fine

3. Ascendas REIT: To Buy Business Space Property In China For S$117.6M

2. DBS Group 4Q Net Profit S$678M Vs S$493M; Expected S$654.9M
 DBS Group 4Q Net Interest Income S$1.11B Vs S$1.13B
 DBS Group 4Q Non Interest Income S$623M Vs S$445M
 DBS Group 4Q Expenses S$780M Vs S$700M
DBS Group Net Interest Margin 1.79% Vs 1.80% In 3Q 
 DBS Group 4Q Nonperforming Loan Ratio 1.9% Vs 2.1% In 3Q 

1. Fraser & Neave 1Q Net Profit S$156.5 Million Vs S$135.6 Million