Posts Tagged ‘China’

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STOCKS NEWS SINGAPORE-OCBC starts CapitaRetail China at buy

Thu May 17, 2012 11:50pm EDT OCBC Investment Research has initiated coverage on CapitaRetail China Trust (CRCT) with a buy rating and price target of S$1.44 a unit. CRCT, which owns malls in China, was last traded at S$1.265, down 0.8 percent from Thursday. The trust has gained about 10 percent so far this year.

Published by on May 17th, 2012 at 09:05 pm
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USD Falls as Leading Indicators and Philly Fed Index Unexpectedly Plummeted

THE TAKEAWAY: U.S Leading Indicators Fell 0.1% in April; Philadelphia Index Declined to Minus 5.8 in May > Deterioration in Labor and Housing Condition > USD Falls The results of the Philadelphia Federal Reserve’s manufacturing survey and the U.S. Leading economic indicators index for April released at 10:00 EST today both missed consensus forecast, pointing to slow growth in the world’s largest economy towards the middle of the year Leading indicators The U.S. Leading Economic Indicator, a gauge of the economic outlook for the next three to six months, unexpectedly declined for the first time in seven months in April over deterioration in labor and housing markets

Published by on May 17th, 2012 at 08:05 am
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Yen Top Performer as Aussie, Euro Stabilize; Sterling Tumble Continues

Fundamental Headlines – Jobless Claims in US were Unchanged at 370,000 Last Week – Bloomberg – Several on FOMC said Easing May Be Needed on Faltering – Bloomberg – Spain Beset by Bank Crisis, Recession, Bond Pressure – Reuters – China Overtakes India as Top Gold Consumer – WSJ – Greece Swears in Caretaker Government – WSJ European Session Summary Price action was relatively muted in the overnight sessions, with the Asian market participants bidding up higher yielding currencies and risk-correlated assets and European market participants pulling them back down to their daily opening prices. Ahead of the US cash equity session, the US Dollar was relatively unchanged as a result, but there were still some big moves elsewhere.

Published by on May 17th, 2012 at 08:05 am

STOCKS NEWS SINGAPORE-Shares reverse earlier losses

Tue May 15, 2012 12:56am EDT Singapore shares inched higher by midday, reversing earlier losses on bargain hunting in oversold stocks such as Neptune Orient Lines (NOL), but gains were capped by worries over the political turmoil in Greece.

Published by on May 14th, 2012 at 10:05 pm

STOCKS NEWS SINGAPORE-OCBC cuts Swiber target price

Tue May 15, 2012 12:24am EDT OCBC Investment Research cut its target price for Swiber Holdings to S$0.61 from S$0.75 and kept its hold rating, citing the offshore services firm’s high net debt. Shares of Swiber were flat at S$0.56 and have gained 4.7 percent since the start of the year. Swiber, which posted a 10.6 percent fall in first quarter net profit to $8.6 million, had borrowings of $372.8 million and a cash balance of $139.3 million as of the end of March.

Published by on May 14th, 2012 at 09:05 pm
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