Thursday, November 17, 2011

Market Daily -- 17th Nov 11

7. StarHub CEO: Won't Actively Pursue Acquisitions For Growth
StarHub CEO: Acquisitions In Mature Telecom Markets Dilute Shareholder Value
StarHub CEO: Expect Revenue Growth In Single Digits Medium Term
StarHub CEO: Aim To Charge Heavy Data Users More To Increase Revenue
StarHub CEO: High Handset Subsidies A Problem
StarHub CEO: Don't Expect Too Much Growth In Singapore Subscribers

6. STATS ChipPAC Completes Expansion Of 300M Wafer Bump And WLCSP Operation In Taiwan

5. CapitaLand Target Cut To S$2.75 Vs S$2.79 By Daiwa

4. City Developments Target Cut To S$10.00 Vs S$10.80 By Daiwa

3. Singapore Oct Non-Oil Exports -16.2% On Year; -8.1% Expected
Singapore Oct Non-Oil Exports -5.9% Adj On Month; +3.5% Expected
Singapore Oct Electronics Exports -31.2% On Year
Singapore Oct Non-Electronics Exports -6.7% On Year
Singapore Oct Pharmaceutical Exports +7.8% On Year

2. CapitaLand: Office Development JV Secures S$890 Mln Loan Facility

1. The Dow Jones industrial average lost 190.57 points, or 1.58 percent, to 11,905.59. The Standard & Poor's 500 fell 20.90 points, or 1.66 percent, to 1,236.91. The Nasdaq Composite dropped 46.59 points, or 1.73 percent, to 2,639.61