Friday, June 24, 2011

Market Daily -- 24th Jun 11

8. DBS CEO: Hong Kong Will Remain Primary Market For Offshore Yuan Activity
DBS CEO: Yuan Deposits At DBS Have Grown To CNY35 Bln In 4 Months
DBS CEO: Hong Kong Likely To Remain Key Asia Hub For Equities Markets
DBS CEO: Singapore Could Surpass Switzerland As Wealth Center In 10 Years  

7. Singapore Telecom Target Raised To S$3.54 From S$3.48 By HSBC

6. Neptune Orient Lines: APL Reduces Fuel Surcharge After Slowing Ship Speeds
Neptune Orient Lines: Lower Surcharge Reflects Cost Savings From Slow Steaming 

5. Singapore May Manufacturing Output Down 17.5% On Year; 8.7% Drop Expected
Singapore May Adjusted Output Down 3.8% On Month; Up 6.4% Expected 
Singapore May Electronics Output Shrinks 5.4% On Year
Singapore May Pharmaceuticals Output Falls 43.2% On Year 
Singapore May Transport Engineering Output Falls 1.9% On Year

4. Keppel Telecommunications & Transportation Target Set At S$1.65 By DBSV

3. CapitaLand Target Cut To S$3.82 Vs S$4.33 By Credit Suisse

2. Olam International: NZFSU Minority Shareholder Seeking Discussions For Higher Offer Price
 Olam International: Will Not Increase Offer Price For NZFSU
 Olam International: Will Not Engage In Discussions For Higher Offer Price
 Olam International: Now Hold More Than 85% Of NZFSU Outstanding

1. The Dow Jones industrial average .DJI dropped 59.67 points, or 0.49 percent, to end at 12,050. The Standard & Poor's 500 .SPX lost 3.64 points, or 0.28 percent, to 1,283.50. But the Nasdaq Composite .IXIC gained 17.56 points, or 0.66 percent, to close at 2,686.75