Friday, November 4, 2011

Market Daily -- 4th Nov 11

11. OUE Target Price Cut To S$2.15 From S$3.60 By RBS

10. Keppel Land Target Cut To S$2.66 From S$4.19 By RBS

9. Bharti Airtel 2Q Revenue INR172.7 Bln
Bharti Airtel 2Q Net Profit INR10.27 Bln
Bharti Airtel 2Q Forex Loss INR2.39 Bln
Bharti Airtel: 2Q India, South Asia Revenue INR126.79B, +11.7% On Year
Bharti Airtel: 2Q Africa Revenue $1.03B, Up 22.9% On Year
Bharti Airtel: 2Q EBITDA Margin 33.7%
Bharti: 2Q India Average Revenue/User INR183 Vs INR190 In 1Q
Bharti: 2Q India Average Minutes Of Usage 423 Vs 445 In 1Q
Bharti 2Q Interest Expense INR11.19 Bln Vs INR3.32 Bln
Bharti 2Q Total Costs INR146.45 Bln Vs INR126.73 Bln 
Bharti: 2Q Africa Operations Loss INR4.27B Vs INR3.79B Year Ago

8. Singapore Airlines Target Cut To S$10.80 Vs S$13.20 By Deutsche

7. United Overseas Bank Target Cut To S$17.70 Vs S$19.30-Credit Suisse

6. Hyflux Target Cut To S$1.40 Vs S$2.60 By Credit Suisse

5. Hyflux Fair Value Cut To S$1.28 From S$1.81 By OCBC

4. Singapore Exchange: Suspends MF Global's Derivatives Trading, Clearing Membership
SGX: Only Small Number Of MF Global Customer Accounts Remain Open 
SGX: MF Global Continues To Meet Financial Obligations To Clearing House

3. Sembcorp Industries 3Q Net Profit S$222.4 Mln Vs S$244.1 Mln
Analysts Expected Sembcorp Industries 3Q Net Profit At S$198 Mln
Sembcorp Industries: 3Q Revenue Up 22% At S$2.63 Bln Vs S$2.15 Bln
Sembcorp Industries CEO: Intend To Further Expand Utilities Business 
Sembcorp: Utilities Business Expected To Do Better In FY11 Than FY10

2. Perennial China Retail: Buys 50% Stake In Chengdu Property For S$455M

1. The Dow Jones industrial average .DJI was up 208.43 points, or 1.76 percent, at 12,044.47. The Standard & Poor's 500 Index .SPX was up 23.25 points, or 1.88 percent, at 1,261.15. The Nasdaq Composite Index .IXIC was up 57.99 points, or 2.20 percent, at 2,697.97