Friday, July 20, 2012

Market Daily -- 20th Jul 12

22. Fraser & Neave: Board Considering Offer From Heineken
Fraser & Neave: Heineken Offer For Asia Pacific Breweries Shares Remains Open Until July 27 

21. Keppel Corp Target Raised To S$12.80 from S$11.20 By Morgan Stanley

20. SembMarine Target Cut To S$5.20 From S$5.40 By Morgan Stanley

19. Keppel Corp Target Raised To S$13.80 From S$11.24 By DMG

18. Frasers Centrepoint Trust Target Raised To S$1.89 From S$1.77 By DMG

17. Suntec REIT Target Raised To S$1.89 From S$1.77 By DMG

16. Suntec REIT Fair Value Raised To S$1.53 From S$1.45 By RHB Research

15. CapitaCommercial Trust Target Raised To S$1.50 From S$1.38 By DMG

14. Singapore Exchange: Hasn't Had Talks With LSE Over Potential Merger
Singapore Exchange: Open To Collaborations, Partnerships 

13. Frasers Centrepoint Trust Fair Value Raised To S$1.89 Vs S$1.74 By OCBC

12. Suntec REIT Fair Value Raised To S$1.41 From S$1.23 By OCBC

11. Frasers Centrepoint Trust Target Raised To S$1.93 Vs S$1.76 By DBS Vickers

10. Sakari Resources Target Cut To S$1.45 From S$1.70 By Credit Suisse

9. Frasers Centrepoint Trust Target Raised To S$1.93 Vs S$1.90 - CS

8. Frasers Centrepoint Trust Target Raised To S$1.91 From S$1.78 By CIMB

7. Kirin: Closely Watching Developments In Fraser & Neave Stake
Kirin: No Comment On Likely Course Of Action In Fraser & Neave Situation 

6. Thai Beverage: Fraser & Neave Acquisition Not Impacted By Heineken Bid for Asia Pacific Breweries
Thai Beverage: Haven't Discussed Raising Offer Price for Asia Pacific Breweries 

5. CapitaCommercial Trust: 2Q Distribution Per Unit 2.06 Singapore Cents Vs 1.92 Cents
CapitaCommercial Trust: 2Q Gross Revenue S$95.76 Mln Vs S$91.02 Mln 

4. Reliance Communications Delays Closing Books for Undersea Assets IPO to Friday - Sources
Four Large Investors Agree to Invest Between $250M-$300M in Total - Sources
Large Investors Include Investment Corp. of Dubai, China Investment Corp., Temasek - Sources
Total Funds Raised Could be at Lower End of Around $700M - Source
Reliance Communications Aims to List Undersea Cable Asset IPO by July 30 - Source

3. London Stock Exchange in Informal Talks on Merger With Singapore Exchange -Telegraph

2. Heineken: To Make Offer for All APB Shares as Per Singapore Takeover Rules
Offers to Buy Fraser & Neave Stake in Asia Pacific Breweries for S$50
Heineken: Acquisition of APB Stake to Cost S$5.1 Bln 

1. The Dow Jones industrial average .DJI gained 34.66 points, or 0.27 percent, to 12,943.36. The Standard & Poor's 500 Index .SPX rose 3.73 points, or 0.27 percent, to 1,376.51. The Nasdaq Composite Index .IXIC added 23.30 points, or 0.79 percent, to 2,965.90