Thursday, May 2, 2013

Market Daily -- 2nd May 13

24. United Overseas Bank 1Q Net Rises 4.9% to S$722 Million
UOB 1Q Net Interest Income Falls 3.5% to S$964 Million

23. Indofood Agri Resources Target Cut To S$1.23 From S$1.56 By Credit Suisse

22. DBS Fair Value Raised To S$18.28 From S$15.94 By OCBC

21. Venture Corp Target Cut To S$8.03 From S$9.17 By DBS Vickers

20. Broadway Industrial Target Raised To S$0.30 From S$0.26 By DBS Vickers

19. SMRT Target Cut To S$1.20 From S$1.30 By DBS Vickers

18. M1 Target Raised To S$3.72 From S$2.20 By Deutsche Bank

17. SingTel Target Raised To S$4.23 From S$3.17 By Deutsche Bank

16. StarHub Target Raised To S$3.83 From S$3.41 By Deutsche Bank

15.  Bharti Airtel 4Q Net Profit INR5.09 Bln, Down 49.4% on Year
Bharti Airtel 4Q Revenue INR204.48 Bln, Up 9.2% on Year
Bharti Airtel: 4Q Ebitda Margin at 31.7% Vs 30.6% in 3Q
Bharti Airtel: To Buy Balance 30% Stake From Warid Telecom in Bangladesh Unit
Bharti Airtel: 4Q India Business Average Revenue/User 193, up 4% on Qtr
Bharti: 4Q Africa Business Average Revenue/User $5.9, Down 5% on Qtr

14. Asian Pay Television Seeks to Price Singapore IPO Between S$0.92-S$1.00 Per Unit-Sources

13. OCBC Fair Value Raised To S$10.60 From S$9.60 By OCBC

12. Sheng Siong Target Raised To S$0.80 From S$0.70 By Maybank-Kim Eng

11. DBS +2.7% at S$17.22; 1Q Net +2% at S$950M, Above Some Analysts' View

10. SMRT Corp Target Cut To S$1.25 From S$1.37 By OSK-DMG

9. OCBC Target Cut To S$12.02 From S$12.68 By UOB KayHian

8. Venture Corp Target Cut To S$8.58 From S$9.10 By UOB KayHian

7. SMRT Corp Target Cut To S$0.93 From S$1.20 By Phillip Securities

6. OKP Holdings Fair Value Cut To S$0.46 From S$0.48 By OCBC

5. Venture Corp Fair Value Cut To S$8.00 From S$9.08 By OCBC

4. Genting Singapore +5.2% at S$1.615 After Rival MBS Releases Results

3. Ascott REIT: To Buy Properties in China, Japan for S$287 Mln

2. DBS 1st-Quarter Net Rises 2% to S$950 Million
DBS 1st-Quarter Income Up 7% to S$2.3 Billion on Higher Loan Volumes

1. The Dow Jones industrial average .DJI lost 138.85 points, or 0.94 percent, to 14,700.95 at the close. The Standard & Poor's 500 Index .SPX dropped 14.87 points, or 0.93 percent, to finish at 1,582.70. The Nasdaq Composite Index .IXIC slid 29.66 points, or 0.89 percent, to close at 3,299.13.