A benchmark index of Indian equities Wednesday was ruling 115 points lower around noon, with even broader markets subdued. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,509.95 points, was ruling at 20,386.62 points, down 115.45 points or 0.56 percent from its previous close at 20,498.72 points. At the [...]
Posts Tagged ‘115’
Sensex down 115 points in noon trade
Bolivian swallows “115 packets of cocaine”
The Serbian Customs prevented on Tuesday a Bolivian woman from smuggling more than 30 packets of drugs, likely cocaine, said reports. The drugs were “hidden in the gastrointestinal tract”, while the suspect was entering the country at Belgrade’s airport.
STI falls 1.15 point, or less than 0.1%, to 3,158.08 at closing
Shares on the measure trade at an average 15.4 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Tat Hong upgraded to Buy by Citi with $1.15 target
Citigroup has upgraded Tat Hong Holdings (T03.SG) to Buy from Sell, citing pick-up in infrastructure spending, crane company’s continued progress in its key China, Australia markets, according to Dow Jones.
Citi adds risk-reward ratio has turned favourable after 12.4% fall in price year to date. Lifts target to $1.15 from $1.10, based on 11.5x P/E vs 11.0x previously. Says engineering work in progress currently at unprecedented levels in Australia, with commencement of several large infrastructure projects expected to drive crane demand back to pre-crisis levels.
Hiap Seng initiated ‘outperformed’ by CIMB, targets $1.15
CIMB has initiated coverage of Hiap Seng Engineering (510.SG) at “outperform” with target price of $1.15 based on 11x FY11 P/E; citing catalysts from stronger-than-expected orders wins, sustainable margins, according to Dow Jones.
Hiap Seng initiated ‘outperformed’ by CIMB, targets $1.15
CIMB has initiated coverage of Hiap Seng Engineering (510.SG) at “outperform” with target price of $1.15 based on 11x FY11 P/E; citing catalysts from stronger-than-expected orders wins, sustainable margins, according to Dow Jones.
CapitaCommercial Trust price target raised to $1.15 by JPMorgan
JPMorgan has raised CapitaCommercial Trust’s (C61U.SG) target price to $1.15 from $1.10 on higher earnings estimates but maintaining its “neutral” rating, reported Dow Jones.
The broker has raised FY10-FY12 earnings forecasts by 7–13% to factor in lower borrowing costs as a result of recently announced convertible bond issue as well as recent FY09 results and divestment of Robinson Point property.
K-REIT Asia posts 11.5% rise in 4Q distributable income to $19.4m, brings full-year total to $70.5m
K-REIT Asia says it achieved a distributable income of $70.5 million for the full-year Jan 1 to Dec 31 2009 (FY2009).
This was 21.2% higher than that for the same period in 2008, due mainly to higher rental rates achieved for new and renewed leases and income contribution from one-third interest in One Raffles Quay Pte Ltd.
Net property income rose 23.2% year-on-year to $48.9 million in FY2009, due mainly to positive rental reversions and contribution from the additional six strata floors of Prudential Tower, which were acquired in November 2009. The average gross monthly rent of K-REIT Asia’s portfolio, including K-REIT Asia’s one-third interest in One Raffles Quay, was 7.2% higher at $8.16 psf in December 2009 compared with $7.61 psf in December 2008.
“The World [Is Not] a Handful of Huge Financial Institutions, the Dinosaurs That Roamed the Earth [But] 115 Million American Households”
Tarp overseer Elizabeth Warren had a great quote on MSNBC’s Morning Joe:If you think the world as we know it, are a handful of huge financial institutions, the dinosaurs that roamed the earth, then you’re right [that the government had to bail out the …



