Tuesday, October 9, 2012

Market Daily -- 9th Oct 12

9. Standard Life Receives Licence to Operate in Singapore
Standard Life Singapore Office to Open This Month 
Standard Life May Open Another Office in Asia in Next Few Months
Standard Life China JV to Quadruple Agents Over Next 4 Years 
Standard Life China JV Eyes 14,000 Agents, Up from 3,500
Standard Life Focus on Organic Growth; Open to Acquisitions 

8. UOB Seeks to Price Lower Tier 2 Dollar Bond to Yield Around Tsys +245 BPs - Sources
UOB Planned 10-Year Bond to Be Callable After 5 Years - Sources 

7. No Plan for Emergency Meeting to Tackle High Food Prices -FAO Official
Food Prices Expected to Remain Firm for Next Several Months -FAO Official
Favorable Weather, High Prices to Boost S America Plantings -FAO Official
Emergency Meeting Not Needed as S America Plantings Can Boost Supply -FAO Official 

6. Suntec REIT Target Raised To S$1.66 From S$1.42 By Maybank-Kim Eng

5. Frasers Commercial Trust Fair Value Raised To S$1.31 Vs S$1.23 By OCBC

4. Li Ka-Shing-Linked ARA Asset's Dynasty REIT to File IPO Prospectus This Week -Sources
ARA Asset's Dynasty REIT IPO Set to Be Singapore's 1st Yuan-Denominated Flotation
ARA Asset's Dynasty REIT Seeks to Sell Over 1 Billion Units in Singapore IPO -Source 

3. Fortune REIT Fair Value Raised To HK$6.49 From HK$5.33 By OCBC

2. Golden Agri-Resources Target Cut To S$0.725 From S$0.77 By Phillip

1. The Dow Jones industrial average .DJI fell 26.50 points, or 0.19 percent, to 13,583.65 at the close. The S&P 500 .SPX lost 5.05 points, or 0.35 percent, to 1,455.88. The Nasdaq Composite .IXIC dropped 23.83 points, or 0.76 percent, to end at 3,112.35