Thursday, August 2, 2012

Market Daily -- 2nd Aug 12

15. Sembcorp Marine: 2Q Net Profit S$142.8 Mln Vs S$149.7 Mln
Sembcorp Marine: 2Q Group Revenue Rose 46% to S$1.22 Billion
Sembcorp Marine: Fundamentals of Offshore Oil, Gas Industry Intact 
Sembcorp Marine: To Pay 5 Singapore Cents/Share Interim Dividend

14. Sakari Resources Target Cut To S$1.89 From S$2.00 By DMG & Partners

13. CapitaLand Target Raised To S$3.25 From S$3.05 By HSBC

12. Cosco Corp Target Cut To S$0.95 From S$1.00 By Deutsche Bank

12. Cosco Corp Target Cut To S$0.90 From S$1.00 By JPMorgan

11. Hi-P International Target Raised To S$0.91 From S$0.86 By DBS Vickers

10. OCBC Target Raised To S$11.00 From S$10.50 By DBS Vickers

9. Singapore Airlines Target Raised To S$11.00 From S$9.35 By CIMB

8. Cosco Corp Target Cut To S$0.85 From S$0.92 By CIMB

7. Hi-P International +7.5% at S$0.79 Despite Swing to 2Q Loss

6. OCBC CEO: See 2012 Loan Growth in High Single Digits
OCBC CEO: See Pricing Pressure on Singapore Housing Loans 

5. Cerebos Pacific +21.4% at S$6.53 After Suntory Beverage's S$6.60/Share Bid

4. Cosco Corp Target Cut To S$0.84 From S$0.90 By UOB KayHian

3. Singapore July Manufacturing PMI 49.8 Vs 50.4 June
Singapore July Electronics PMI 49.2 Vs 50.4 June

2. OCBC: 2nd-Quarter Net Interest Income S$931 Million Vs S$827 Million
OCBC: 2nd-Quarter Noninterest Income S$596 Million Vs S$586 Million
OCBC 2nd-Quarter Expenses S$661 Million Vs S$618 Million
OCBC: 2nd-Quarter Net Interest Margin 1.77% Vs. 1.86% in 1st Quarter
OCBC: 2nd-Quarter Nonperforming-Loan Ratio 0.9% v.s 1.0% In 1st Quarter 

1. The Dow Jones industrial average .DJI was down 32.02 points, or 0.25 percent, at 12,976.66. The Standard & Poor's 500 Index .SPX was down 3.95 points, or 0.29 percent, at 1,375.37. The Nasdaq Composite Index .IXIC was down 19.31 points, or 0.66 percent, at 2,920.21