STI 3,153 -17 -0.55%
DOW 14,995 -127 -0.84%
S&P 1,613 -13 -0.81%
FTSE 6,299 -41 -0.65%
DAX 8,143 -79 -0.97%
GOLD 1,385 -7 -0.50%
OIL 95.62 -0.25 -0.26%
PRE-HK OPEN -234pts
CREDIT SUISSE GLOBAL RISK APPETITE (EQUITY): -1.37 (11 Jun 2013)
CREDIT SUISSE GLOBAL RISK APPETITE : -2.22 (11 Jun 2013)
13 Jun 2013 08:32
DJ MARKET COMMENT: Singapore's STI Likely Weaker; 3100 Support -SIAS
0032 GMT [Dow Jones] Singapore's STI is set for a muted start on Thursday after Wall Street falls overnight and as the Nikkei opens in the red, SIAS Research says in a note. "Investors remains cautious over the tone emitted by the central banks of U.S. and Japan on a potential scale back from their stimulus programs. In the short run market volatility is likely to persist," SIAS says in the note. The STI, which ended 0.5% lower at 3153.48 on Wednesday, could extend losses towards the 3100 psychological level, it says, adding that resistance is pegged at 3180.
13 Jun 2013 08:27
DJ MARKET TALK: DB Likes
SingTel But Skeptical On Myanmar Bid
0027 GMT [Dow Jones] Deutsche Bank notes that
SingTel (
Z74.SG) is one of 11 remaining applicants in the running for two telco licenses in Myanmar. While the growth potential in Myanmar is tremendous given a population of 55 million, mobile penetration of less than 10%, and the government's aggressive target of achieving 80% mobile penetration by 2016, the house is "agnostic about SingTel's Myanmar bid." The house expects the telcos to face significant challenges seeding devices in Myanmar, where GDP per capita ranks 205th in the world, and where an estimated 30% of the population lives below the poverty line. Additionally, "there still appears to be significant regulatory uncertainties and major reforms are required to remove barriers to take-up," it says. However, the house maintains its Buy rating and S$4.23 target on the stock as it continues "to focus on the improving sector dynamics in SingTel's key markets, which underpin our positive stance on this company."
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13-Jun 2013 Thursday
9:00 AM (3973 days ago)
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