Friday, November 16, 2012

Market Daily -- 16th Nov 12

16. Thailand's TCC Considering All Options After Overseas Union's Bid for Fraser & Neave - Sources

15. Olam International Target Cut To S$2.35 From S$2.84 - HSBC

14. Midas Holdings Target Cut To S$0.53 From S$0.63 By CIMB

13. Otto Marine Target Cut To S$0.065 From S$0.08 By C

12. Global Logistic Properties Target Raised To S$3.24 From S$2.99 By Citigroup

11. KS Energy Fair Value Cut To S$0.78 From S$0.83 By OCBC

10. Overseas Union Enterprise Opens +1.6% At S$2.58; Makes S$9.08/Share Bid For F&N

9. Singapore Oct Non-Oil Exports +7.9% On Year; +3.6% Expected
Singapore Oct Non-Oil Exports -1.2% Adj On Month; -0.9% Expected
Singapore Oct Electronics Exports -0.8% On Year
Singapore Oct Non-Electronics Exports +12.7% On Year
Singapore Oct Pharmaceutical Exports +2.7% On Year

8. Kirin Holdings: Acknowledge Agreement With Overseas Union Enterprise For Fraser & Neave Bid
Kirin Holdings: Agreement With OUE Includes Plan For Kirin To Buy F&N Food & Beverage Unit
Kirin Holdings: Agreed to Tender Stake in F&N in Response to OUE's Offer
Kirin Holdings: To Sell 15% Stake in F&N Valued at S$1.9B to OUE 

7. Singapore Revised 3Q GDP -5.9% Adj On Quarter, Annualized Vs -1.5% Earlier Estimate
Singapore Revised 3Q GDP +0.3% On Year Vs +1.3% Earlier Estimate
Singapore Government Cuts 2012 Growth Forecast to 1.5%, From 1.5%-2.5%
Lower Forecast Comes as Electronics Sector Hit By Global Slowdown
Singapore Govt: 2012 Growth Could Be Lower If External Demand Weakens Further
Singapore to Grow Between 1.0% -3.0% in 2013 - Official Forecast 

6. PEC Fair Value Cut To S$0.76 From S$0.86 By OCBC

5. Hong Leong Asia Target Cut To S$1.28 From S$1.38 By OSK-DMG

4. Silverlake Axis Target Raised To S$0.50 From S$0.49 By OSK-DMG

3. Thai Beverage Target Raised To S$0.49 From S$0.38 By Standard Chartered

2. Singapore Govt Official: 2013 Growth Estimate Based on Gradual Fiscal Contraction in US, Continued Weakness in Euro-Zone
Singapore Govt Official: Asian Growth Could Improve Moderately in 2013 on Local Demand
Singapore Govt Official: External Demand Likely to Be Muted Amid Subdued Growth Prospects in Advanced Economies

1. The Dow Jones industrial average .DJI slipped 28.49 points, or 0.23 percent, to 12,542.46. The Standard & Poor's 500 Index .SPX lost 2.16 points, or 0.16 percent, to 1,353.33. The Nasdaq Composite Index .IXIC was off 9.87 points, or 0.35 percent, to 2,836.94.