Wednesday, March 2, 2011

Market Daily -- 2nd Mar 11

8. Millennium & Copthorne Sells Studio M Hotel Singapore In Singapore
Millennium & Copthor Sells Studio M Hotel In Singapore For GBP77.3M
Millennium & Copthorne Sells Hotel To CDL Hospitality REIT

7. CapitaLand China CEO: China Tightening Won't Bring Down Property Prices
CapitaLand China CEO: China Property Curbs Will Lead To Pent-Up Demand
CapitaLand China CEO: See Opportunities To Buy Assets From Smaller Developers 
CapitaLand China CEO: Open To Issuing Yuan-Denominated Bonds If There Is Demand
CapitaLand China CEO: Some China Sales Canceled Because Of Home Purchase Limits
CapitaLand China CEO: Currency Swaps Are Too Costly Now 

6.  Singapore Fin Min: No Workable Alternative To Raising Foreign Worker Levy
 Singapore Finance Minister: Tight Labor Market Driving Wage Costs
 Singapore Finance Minister Reiterates Inflation To Be Higher In 1H
Singapore Finance Minister: GIC, Temasek Portfolios Have Recovered To Pre-Crisis Peaks
Singapore Finance Minister: GIC, Temasek Have Done Well Relative To Comparable Market Portfolios 
Singapore Finance Minister: GIC, Temasek Must Keep Focus On Long-Term Investment Returns

5. Tiger Airways Target Cut To S$1.65 Vs S$1.90 By Credit Suisse

4. Oceanus Group Fair Value Cut To S$0.19 Vs S$0.32 By OCBC

3. Dyna-Mac Holdings Opens At S$0.35 On SGX Debut Vs S$0.35 IPO Price

2. CDL Hospitality Trusts: To Acquire Singapore Hotel For S$154 Mln

1. The Dow Jones industrial average .DJI fell 169.38 points, or 1.39 percent, at 12,056.96. The Standard & Poor's 500 Index dropped 21.04 points, or 1.59 percent, to 1,306.18. The Nasdaq Composite Index .IXIC lost 44.86 points, or 1.61 percent, to 2,737.41.