Wednesday, February 23, 2011

Market Daily -- 23rd Feb 11

8. Sembcorp Marine 4Q Net Profit S$239.4 Mln Vs S$297.2 Mln
Sembcorp Marine 2010 Net Profit S$860.3 Mln Vs S$700.1 Mln 
Sembcorp Marine 4Q Revenue S$982.9 Mln Vs S$1.34 Bln


7. Hi-P International Target Raised To S$1.40 From S$0.75 - CS

6. Singapore January CPI +5.5% On Year Vs +4.8% Expected
Singapore January Adjusted CPI +1.3% On Month Vs +0.6% Expected 
Singapore January Transportation Prices +18.4% On Year
Singapore January Housing Prices +5.3% On Year 
Singapore January Food Prices +2.8% On Year

5. Wilmar International CEO: Expect Magins To Improve In 2011
  Wilmar International CEO: Real Estate Investments Won't Divert Attention From Core Business
 Wilmar International CEO: Expect China To Continue Contributing 40% Of Group's Revenue

4. Genting Singapore Target Raised To S$1.94 Vs S$1.85 By UOBKayHian

3. Hutchison Confirms Preferential Offer For Singapore Spinoff
Hutchison: Shareholders Can Apply For 100 Units In Port Trust For Every 1,000 Shares Held

2. Olam International: Any Withdrawal Of Nigeria Export Incentives Won't Hurt Margins
 Olam: Export Incentives Mostly Passed On To Suppliers
 Olam: Export Incentives Don't Directly Flow Into Profits
Olam Responds To CLSA Report On Profits From Nigeria Export Incentives 

1. Wilmar International 4Q Rev $9.09B Vs $6.92B
 Wilmar: Profit Declined On Weak Oilseeds, Grains Segment
 Wilmar Chairman: Optimistic About 2011 Performance
 Analysts Expected Wilmar International 4Q Net Profit At $425M