Friday, August 3, 2012

Market Daily -- 3rd Aug 12

15. Singapore Airlines Unit Silk Air to Order up to 68 New Boeing Aircraft
Singapore Airlines: Silk Air Order Worth US$4.9 Bln at List Prices 
Singapore Airlines: Silk Air Order For 23 737-800, 31 737 MAX 8 Jets

14. Sembcorp Industries 2Q Net Profit S$190.7 Million Vs S$175.1 Million

13. Far East Hospitality REIT Lodges Application for Singapore IPO
Far East Hospitality REIT Seeks to Price IPO at S$0.86-S$0.93 Per Stapled Security
Far East Hospitality REIT Seeks to Sell 329.4 Mln Securities in Singapore IPO
Far East Hospitality REIT Secures 10 Cornerstone Investors for IPO
AIA, Aberdeen, Lion Global Among Cornerstone Investors in Far East Hospitality REIT IPO
Far East Hospitality REIT: IPO May Raise up to S$1.49 Bln in Gross Proceeds 

12. Kirin Jan-June Group Net Pft Y13.11B Vs Y17.94B
Kirin Revises FY Op Profit, Revenue Outlooks, Keeps Net Profit Outlook
Kirin Expects This FY Op Profit Y155B, This FY Revenue Y2.220T
Kirin Previously Expected This FY Op Profit Y162B, This FY Revenue Y2.230T
Kirin Pres: Have Interest in Fraser & Neave's Food, Beverage Ops Other Than Beer
Kirin Pres: Not Mulling Any Action With Regard To Asia-Pacific Breweries 

11. OCBC Target Cut To S$9.15 From S$10.03 By Citigroup

10. Hyflux Target Cut To S$1.45 From S$1.66 By DBS Vickers

9. Neptune Orient Lines Target Raised To S$1.23 From S$1.00 By DBS Vickers

8. Hyflux Target Cut To S$1.70 From S$1.90 By Credit Suisse

7. DBS CEO: Declining Net Interest Margins in China May Drag Group-Level Margins in 2H
DBS CEO: Singapore Housing Loans Grew in 2Q, Returning to 2011 Levels
DBS CEO/Exec: In Dialogue With Bank Indonesia on New Banking Rules
DBS CEO: Will Submit Formal Application on New Banking Rules

6. Sembcorp Marine Target Cut To S$5.85 From S$6.50 By CIMB

5. Sysma up 19.6% at S$0.335 on Debut Vs S$0.28 IPO Price

4. OCBC Target Cut To S$10.20 From S$10.70 By Barclays

3. SembCorp Marine Target Cut To S$5.58 From S$5.85 By Daiwa

2. DBS Group: 2Q Net Profit S$810M Vs S$735M; Expected S$797M
DBS Group 2Q Net Interest Income S$1.32B Vs S$1.20B
DBS Group: 2Q Noninterest Income S$621M Vs S$639M
DBS Group: 2Q Net Interest Margin 1.72% Vs 1.77% in 1Q
DBS Group: Nonperforming Loan Ratio 1.3% at June Vs 1.3% March
DBS Chairman: Committed to Pursuing Bank Danamon Transaction in Indonesia
DBS Chairman: Will Be Guided by Bank Indonesia on Danamon Transaction

1. The Dow Jones industrial average .DJI fell 92.18 points, or 0.71 percent, to 12,878.88. The S&P 500 Index .SPX dropped 10.14 points, or 0.74 percent, to 1,365.00. The Nasdaq Composite .IXIC lost 10.44 points, or 0.36 percent, to 2,909.77