Thursday, February 17, 2011

Market Daily -- 17th Feb 11

12. Singapore Jan Non-Oil Exports +20.9% On Year Vs +15.9% Expected
 Singapore Jan Non-Oil Exports +2.2% Adj On Month Vs -4.9% Expected
 Singapore January Non-Oil Exports To US +19.5% On Year
 Singapore January Non-Oil Exports To EU +51.5% On Year
 Singapore January Non-Oil Exports To China +16.7% On Year
 Singapore January Non-Oil Exports To China +16.7% On Year
 Singapore January Non-Electronics Exports +30.5% On Year
 Singapore January Pharmaceuticals Exports +38.6% On Year

11. Las Vegas Sands Chairman: Marina Bay Sands Has Had 11M Visitors Since April
Las Vegas Sands COO: Report On Search For New Marina Bay Sands CEO Due Friday
Las Vegas Sands Chairman: Expect To Break Even On MBS Investment Within Four Years
Las Vegas Sands Chairman: Zeroing In On Spain To Create European Integrated Resort Strip
Las Vegas Sands Chairman: Interested In Creating Integrated Resort In India
Las Vegas Sands Chairman: Seeking More Land To Expand Marina Bay Sands Singapore Business 

10. China XLX Fertiliser Started At Buy With S$0.63 Target By CLSA

9. Indofood Agri Target Raised to S$3.00 Vs S$2.12 By CS

8. Neptune Orient Lines Target Raised To S$2.90 Vs S$2.35 By MS

7. Neptune Orient Lines Target Raised To S$2.50 From S$2.40 By Citi

6. Neptune Orient Lines Target Raised To S$2.50 Vs S$2.41 By Phillip

5. Singapore MAS Exec: Policy Moves In 2010 Will Have A Restraining Effect On Growth, Inflation In 2011
 Singapore MTI: Pace Of Recovery In EU To Be Slower Than In US
 Singapore MTI: China Import Demand Expected To Be Strong In 2011
Singapore MAS: No Need To Revise October Monetary Policy Stance 
 Singapore MAS: Will Monitor Price, Cost Developments In Economy
Singapore MTI Exec: See Some Upside Potential To 2011 Growth Forecast Of 4%-6%
 Singapore MTI Exec: Key Macroeconomic Challenge For 2011 Is Emerging Cost Pressures
Singapore MTI Executive: External Demand Strong 
Singapore MTI Exec: Don't Expect Rental Cost To Rise Significantly
Singapore MTI: China Import Demand Expected To Be Strong In 2011 
Singapore MTI: Pace Of Recovery In EU To Be Slower Than In US
Singapore MAS Exec: Expect Housing Market To Ease In 2H As More Supply Comes Onstream 
Singapore MAS Exec: Expect Crude Oil Prices To Rise To US$100/Bbl By End-2011
 Singapore MAS Executive: Expect Inflation To Peak By 1Q End

4. Singapore Revised 4Q GDP +3.9% Adj On Quarter, Annualized Vs +6.9% Earlier Estimate
 Singapore Revised 4Q GDP +12.0% On Year Vs +12.5% Earlier Estimate
 Singapore Revised 2010 GDP +14.5% Vs +14.7% Earlier Estimate
 Singapore Government: Inflationary Concerns In Asia May Prompt Further Monetary Tightening
 Singapore Government: Local Economy Also Facing Tighter Labor Market
 Singapore Government Expects 2011 GDP To Grow 4.0%-6.0%
 Singapore Government Expects 2011 Inflation 3.0%-4.0% Vs 2.0%-3.0% Estimated Earlier
 Singapore Government: Downside Risks To Global Economy Remain
 Singapore Government: Inflation Expected To Rise Further To 5.0%-6.0% In First Few Months Of 2011 
 Singapore Government: Inflation Should Moderate In Second Half Of 2011
Singapore Government: Growth Outlook For Singapore Remains Positive In 2011 
Singapore Government: Non-Oil Domestic Exports Grew 23% In 2010
Singapore Government: 2011 Non-Oil Domestic Exports Expected To Grow 8%-10% 
Singapore Government Earlier Projected 2011 Non-Oil Domestic Exports To Rise 6%-8%

3. ASX CEO Says ASX-SGX Could Consider Mergers With Northern Exchanges
ASX CEO: Exchange Mergers To Test Boundaries Of Sovereign Concerns
ASX CEO: Pipeline Of IPO Applications Has Normalized

2. CapitaMalls Asia 2010 Net Profit S$421.9 Mln Vs S$388.1 Mln
CapitaMalls Asia 4Q Net Profit S$144 Mln Vs S$170 Mln; Expected S$96.2 Mln 

1. Keppel Corp: Secures 2 Rig Contracts From Transocean Worth US$380M