Friday, August 26, 2011

Market Daily -- 26th Aug 11


10.  Singapore Trade Minister: Global Economic Outlook Now More Uncertain
 Singapore Min: Europe Sovereign Debt Crisis, US Deficit Threaten Global Growth
 Singapore Min: Asia Growth Prospects Remain Promising

 9. Mapletree Logistics Trust Target Price Set At S$1.00 By BNP Paribas

8.  Singapore July Manufacturing Output Up 7.4% Vs Up 7.8% Expected
Singapore July Adjusted Output Up 0.3% On Month; Down 0.9% Expected 
Singapore July Electronics Output Shrinks 18.2% On Year
 Singapore July Pharmaceuticals Output Rises 47.7% On Year
Singapore July Transport Engineering Output Rises 1.2% On Year 

 7. SembCorp Marine Target Cut To S$4.70 Vs S$5.30 By DnB NOR

6. Keppel Corp. Target Cut To S$10.00 Vs S$10.65 By DnB NOR

5. Indofood Agri Target Cut To S$1.85 Vs S$1.95 By Goldman Sachs

4. Neptune Orient Lines Target Set At S$0.77 By CCB International

3. Tiger Airways Opens 3.7% Lower At S$0.920 After Announcing Rights Issue

2. Tiger Airways Holdings Announces Rights Issue
 Tiger Airways: To Raise S$158.6 Mln Via Rights Issue
 Tiger Airways: To Sell Shares In Rights Issue At S$0.58 Apiece
 Tiger Airways: Singapore Airlines, Dahlia Investments To Subscribe To Rights Issue
Tiger Airways: Appointed DBS Bank, Standard Chartered Managers For Rights Issue 
Tiger Airways: To Use Proceeds To Fund Aircraft Purchases

1. The Dow Jones industrial average .DJI dropped 170.89 points, or 1.51 percent, to 11,149.82. The Standard & Poor's 500 Index .SPX fell 18.33 points, or 1.56 percent, to 1,159.27. The Nasdaq Composite Index .IXIC lost 48.06 points, or 1.95 percent, to 2,419.63.