Thursday, August 4, 2011

Market Daily -- 4th Aug 11

11. Starhub 2Q Net Profit S$78 Mln Vs S$58.1 Mln A Year Ago

10. Keppel Corp: Unit Secured Contracts Worth S$146 Million

9. Sembcorp Industries 2Q Net S$175.1M Vs S$161.2M; Poll S$182.7M

8. CapitaLand CEO: Not Slowing Down China Investment, Will Continue To Seek Value Buys
 CapitaLand CEO: No Firm Acquisition Targets As Yet
CapitaLand CEO:Difficult To Fully Hedge Currency Risk Given Wide Geographical Scope 

7. Singapore Minister: Global Economic Environment Has Become Dichotomous, Volatile
Singapore Minister: Many Developed Economies On Long, Slow Recovery 
Singapore Minister: Asia Economic Growth To Outpace World Over Next Few Decades
Singapore Minister: Seriously Considering Electricity Imports 

6. CapitaLand: Expects To Exceed Initial Target Of S$5B-S$6B Of New Investments In 2011
CapitaLand: Government Cooling Measures Will Stabilize China, Singapore Property Markets 
CapitaLand: To Seek Acquisitions When Price Expectations Moderate

5. PEC Ltd Initiated At Buy With S$1.22 Fair Value By OCBC

4. CapitaLand: Continuous Appreciation Of Singapore Dollar Vs Major Currencies An 'Ongoing Concern'
 CapitaLand: Optimistic On Prospects Of Singapore, China Property Sectors Despite Policy Risk

3. CapitaLand 2Q Net Profit S$399 Mln Vs S$339.7 Mln
 CapitaLand 2Q Revenue S$740.4 Mln Vs S$592.5 Mln
 CapitaLand 2Q Net Profit Excluding Revaluations, Impairments S$171.3M

2. Oversea-Chinese Banking Corp 2Q Net S$577M Vs S$503M; Poll S$601.8M
 OCBC 2Q Net Interest Income S$827M Vs S$720M
 OCBC 2Q Net Interest Income S$827M Vs S$720M
 OCBC 2Q Expenses S$618M Vs S$559M
 OCBC 2Q Nonperforming Loan Ratio 0.8% Vs 0.9% In 1Q
 OCBC 2Q Net Interest Margin 1.87% Vs 1.90% In 1Q
 OCBC CEO: Cognizant Of Inflationary, Global Economic Risks
 OCBC CEO: Will Continue To Focus On Expanding Regional Franchise

1. The Dow Jones industrial average .DJI was up 29.82 points, or 0.25 percent, at 11,896.44. The Standard & Poor's 500 Index .SPX was up 6.29 points, or 0.50 percent, at 1,260.34. The Nasdaq Composite Index .IXIC was up 23.83 points, or 0.89 percent, at 2,693.07