Wednesday, March 9, 2011

Market Daily -- 9th Mar 11

11. Singapore Airlines: To Increase Fuel Surcharge Starting March 17

10. Prudential FY Oper Pft GBP1.9B
Prudential EEV New Business Profit GBP2,028M, Up 25%
Prudential FY Investment In New Business GBP643M Vs GBP660M
Prudential Total APE Sales GBP3,485M, Up 23%
Prudential Shareholders' Funds GBP8.0B, Up 28%
Prudential EV Operating Profit GBP3,696M, Up 20%
Prudential EV Shareholders' Funds GBP18.2B, Up 19%
Prudential Raises Dividend To 23.85p Vs 19.85p 
Prudential FY Pretax Pft GBP2.07B
Prudential FY Net Pft GBP1.43B 
Prudential FY EPS 56.6p
Prudential Declares Final Dividend Of 17.24P Vs 13.56P 
Prudential Net Inflows In Asset Management Businesses GBP8.9B
Prudential Free Surplus Increased 32% To GBP3.3B 
Prudential Sees Medium Term Div Cover Of Around 2X Appropriate
Prudential Outlook For Economic Growth In Asia Remains Positive 
Prudential More Cautious About Western Economies Outlook
Prudential Will Continue To Achieve Objectives 
Prudential Confident To Continue To Outperform

9.  Hutchison Port To Bring Forward Singapore IPO Institutional Offer Close - Sources
 Hutchison Port Singapore Institutional Offer To Close March 10 Vs March 11 - Sources
 Hutchison Port Institutional Offer Close Brought Forward On Strong Support - Sources

8. Qian Feng: Appointed Master Licensee By Goodyear For China, Singapore

7.  Yanlord Land: Mandates HSBC, JPMorgan, RBS For Proposed US Dollar Bond
 Yanlord Land: Global Bond Roadshow To Commence March 10

6. MAS Survey: Economists Expect Singapore 1Q GDP +5.9% On Year
MAS Survey: Economists Expect Singapore 1Q CPI +5.4% On Year 
MAS Survey: Economists Expect US Dollar At S$1.2700 By March-End
MAS Survey: Economists Expect Singapore 1Q Non-Oil Domestic Exports +14% On Year 
MAS Survey: Economists Expect Singapore 2011 GDP +5.7%
MAS Survey: Economists Expect Singapore 2011 CPI +4.0%
MAS Survey: Economists Expect Singapore 2011 Non-Oil Exports +10.0%
MAS Survey: Economists Expect US Dollar At S$1.2300 By 2011-End 
MAS Survey: Economists Expect Singapore Unemployment Rate 2.0% By 2011-End
MAS Survey: Economists Expect Singapore 2012 GDP +6.0%
MAS Survey: Economists Expect Singapore 2012 CPI +2.8%

5. Olam International: Ivory Coast Cocoa Stocks Securely Stored
Olam: Continuing To Meet Obligations On Cocoa Supplies 
Olam: Watching Ivory Coast Situation Close

4. Roxy-Pacific Initiated At Buy With S$0.55 Fair Value By OCBC

3. The Dow Jones industrial average .DJI gained 124.58 points, or 1.03 percent, to 12,214.61. The Standard & Poor's 500 Index .SPX added 11.69 points, or 0.89 percent, to 1,321.82. The Nasdaq Composite Index .IXIC rose 20.14 points, or 0.73 percent, to 2,765.77

2. Asia Pacific Breweries: To Sell 21.4% Stake In China's Kingway Brewery For CNY1.08 Bln  
 Asia Pacific Breweries: To Realize About S$38 Mln From Divestment

1. Mewah International Started At Outperform; Target S$1.15 By Daiwa