Friday, January 25, 2013

SG Market (25 Jan 13)

SG Market: S’pore shares may open on a positive note, tracking leads from US and Chinese economic data and Wall Street gains. The STI easily brushed aside the 3238 resistance and may not be poised to head towards the next target at 3280. Support remains at the 3200 level. Among stocks in focus *Keppel Corp – Delivered record FY12 net profit of $1.9b, which is in line with street estimates but 4Q net profit -22% yoy to $305m due to lower O&M contributions and sizeable provisions from infrastructure. Propose bumper dividend of 72.4¢ for full year including a 27.4¢ dividend-in-specie of Keppel Reit shares *Mapletree Commercial - 3Q results at top end of expectation with distributable income +17.1% yoy to $31.2m and DPU of 1.667¢ on rising rental reversions at Vivio City. The Reit is raising $225m via a private placement of 192.3m new shares @ $1.17 to part finace acquisition of Mapletree Anson. *Yangzijiang - Secured US$360m container vessel orders from Seaspan *Chip Eng Seng – Puts top bid for mixed development site in Yishun at $794 psf ppr *Olam – Its US$750m bond rights issue has been oversubscribed 1.1x

No comments:

Post a Comment