Archive for August, 2008
GLOBAL MARKETS-Oil prices, econ worries hit Asian stocks
August 4, 2008* Oil prices rise, above $126 a barrel
* Asian stocks hit on inflation and global growth worries
* Gold gains, benefits from safe-haven appeal
(Repeats to more subscribers)
By Rafael Nam
HONG KONG, Aug 4 (Reuters) – Asian stocks fell on Monday as a rebound in oil prices to
above $126 revived inflation concerns at a time when major economies [...]
SINGAPORE’S NOL SAYS APPOINTS ENG AIK MENG NEW PRESIDENT
August 4, 2008SINGAPORE, Aug 4 (Reuters) – Neptune Orient Lines, a Singapore state-controlled
container shipping line, said on Monday it had appointed Eng Aik Meng head of its APL
container business after his predecessor took over as group chief executive.
Eng, who has previously worked for NOL <NEPS.SI>, will soon rejoin the group from
Singapore shipping and supply chain company IMC [...]
China Wins Financial Olympics as Credit Losses Hit U.S., Europe
August 4, 2008Aug. 4 (Bloomberg) — China already has won most of the medals in the financial Olympics by avoiding the toxic debt investments that devastated banks in the U.S. and Europe.
Chinese banks hold three of top six spots among the world’s largest financial companies based on market value, even though their shares fell more than 20 [...]
DEUTSCHE CUTS CAPITALAND’S PRICE TARGET TO S$5.90 FROM S$6.40
August 4, 2008SINGAPORE, August 4 (Reuters) – Deutsche Bank has cut its price target for Singapore’s
CapitaLand <CATL.SI> to S$5.90 from S$6.40, citing weaker growth in Singapore, China and
Australia, and maintained its “hold” rating.
”Our revision reflects the rescheduling of China residential projects, lower selling price
assumptions for Singapore residential and a slower take-up rate,” said Deutsche Bank
analysts Gregory Lui [...]
GLOBAL MARKETS-US economy fears plague stocks, buoy bonds
August 1, 2008HONG KONG, Aug 1 (Reuters) – Asian investors balked at ugly U.S. economic data and a
grim outlook for Japanese banks, causing stocks to sag and safe-haven bonds to perk up on
Friday, while oil fell further after its biggest monthly drop since 2004.
A surprise jump in U.S. weekly jobless claims, weaker than expected second-quarter gross
domestic product [...]
Protected: China Sunsine Chemical Hldgs
August 1, 2008There is no excerpt because this is a protected post.
Protected: Day Report
August 1, 2008There is no excerpt because this is a protected post.
Protected: regional Morning notes
August 1, 2008There is no excerpt because this is a protected post.
Protected: Kingboard Copperfoil Limited
August 1, 2008There is no excerpt because this is a protected post.
Protected: Elec & Eltek Int’l Co. Ltd
August 1, 2008There is no excerpt because this is a protected post.
Protected: kepcorp
August 1, 2008There is no excerpt because this is a protected post.
Protected: Allgreen Properties Ltd
August 1, 2008There is no excerpt because this is a protected post.
Protected: US Economy: US 2Q GDP gains 1.9%, still sluggish growth ahead
August 1, 2008There is no excerpt because this is a protected post.
Protected: Singapore Morning Buzz – 1/8/2008
August 1, 2008There is no excerpt because this is a protected post.
Singapore Hot Stocks-CapitaLand in focus after profit slide
August 1, 2008SINGAPORE, August 1 (Reuters) – CapitaLand <CATL.SI> may be
in focus on Friday after it posted a 43.5 percent fall in
quarterly net profit hit by lower property sales and the absence
of one-off gains.
U.S. stocks fell on Thursday, led by
Exxon Mobil after its
earnings fell short of Wall Street’s expectations and as
disappointing economic data revived fears of a [...]
NYMEX crude steady above $124 on weak U.S. data
August 1, 2008Gold dips after NY gains, awaits payrolls data
August 1, 2008SINGAPORE, Aug 1 (Reuters) – Gold gave up early gains on
Friday, closely watching the currency market ahead of the release
of non-farm payrolls data for clues on the prospects for the U.S.
economy.
– Gold <XAU=> slipped to $911.90/912.90 an ounce from
$913.45/914.65 an ounce late in New York on Thursday, when it
rose more than $6 on falling U.S. [...]
SINGAPORE’S CAPITALAND OPENS DOWN 2.1 PCT AFTER POSTING 44
August 1, 2008Singapore Stock Summary – July 31
August 1, 2008ALLCO REIT, dbs maintain BUY with target price $0.93($1.26)
BOUSTEAD, dbs maintain BUY with target price $2.82
CAMBRIDGE, daiwa maintain OUTPERFORM with target price $0.84
CAMBRIDGE INDUSTRIAL TRUST, ubs maintain BUY with target price $0.99($1.03)
CAPITARETAIL CHINA TRUST, gs maintain SELL with target price $1.22($1.46)
CAPITARETAIL CHINA TRUST, ml maintain UNDERPERFORM with target price $1.15
CAPITALAND, csfb maintain NEUTRAL with target [...]