RSS Feed     Twitter     Facebook

Posts Tagged ‘credit suisse group’

Delong plans first sale of dollar bonds to repay debt

Delong Holdings hired Credit Suisse Group AG to help it organize meetings with investors ahead of an international sale of guaranteed senior notes.

Money raised will be used to redeem 5% convertible bonds due 2012, to repay bank loans and for acquisitions relating to iron ore and other raw materials used by the steel industry, the company said in a statement to Singapore’s stock exchange today.

Read more…

Singapore Exchange’s stock rating cut on bid concerns: Update

Singapore Exchange, which agreed yesterday to buy Australia’s main stock-exchange operator, was downgraded by JPMorgan Chase & Co., Credit Suisse Group AG and Deutsche Bank AG. The stock slumped to a five-week low.

JPMorgan reduced SGX to “neutral” from “overweight,” citing the vulnerability of its share price to regulatory issues related to the bid for ASX, and the higher indebtedness that would result. Credit Suisse cut its rating to “underperform” from “outperform,” saying ASX’s growth profile makes it unappealing.

Read more…

Singapore Exchange’s stock rating cut on bid concerns: Update 2

Singapore Exchange, which agreed yesterday to buy Australia’s main stock-exchange operator, was downgraded by JPMorgan Chase & Co., Credit Suisse Group AG and Deutsche Bank AG. The stock slumped.

JPMorgan reduced SGX to “neutral” from “overweight,” citing the vulnerability of its share price to regulatory issues related to the bid for ASX, and the higher indebtedness that would result. Credit Suisse cut its rating to “underperform” from “outperform,” saying ASX’s growth profile makes it unappealing.

Read more…

Singapore Exchange’s stock rating cut on bid concerns: Update

Singapore Exchange, which agreed yesterday to buy Australia’s main stock-exchange operator, was downgraded by JPMorgan Chase & Co., Credit Suisse Group AG and Deutsche Bank AG. The stock slumped.

JPMorgan reduced SGX to “neutral” from “overweight,” citing the vulnerability of its share price to regulatory issues related to the bid for ASX, and the higher indebtedness that would result. Credit Suisse cut its rating to “underperform” from “outperform,” saying ASX’s growth profile makes it unappealing.

Read more…

Singapore Exchange stock rating cut by JPMorgan, Credit Suisse

Singapore Exchange, which agreed yesterday to buy Australia’s main stock-exchange operator, had its investment rating cut by brokerages including JPMorgan Chase & Co., Credit Suisse Group AG and Deutsche Bank AG.

JPMorgan downgraded SGX to “neutral” from “overweight” citing the vulnerability of its share price to regulatory issues related to the bid for ASX Ltd., and higher indebtedness that would result. Credit Suisse cut its rating to “underperform” from “outperform,” saying ASX’s growth profile makes it unappealing.

Read more…

Credit Suisse – Corporate moves

Osama Abbasi has been appointed CEO Credit Suisse, Asia Pacific/board member, Credit Suisse Group AG and Credit Suisse AG wef Oct 1
Work experience: Head, equity department, Asia Pacific, Credit Suisse; head, global securities, Non-Japan Asia and Australia, Credit Suisse
 

Read more…

Venture raised to ‘outperform’ at Credit Suisse on growth

Venture Corp. had its stock rating raised to “outperform” from “neutral” by Credit Suisse Group AG analyst Su Tye Chua, who cited expectations for stronger profit margins.

The brokerage increased its share-price estimate to $11.05 from $8.95, according to a report today.

 
{jcomments on}

Wilmar drops on Indonesian tax concern; Credit Suisse downgrade

Shares of Wilmar International dropped after Credit Suisse Group AG downgraded the stock to “underperform” from “neutral,” citing a newspaper report the company is being investigated in Indonesia.

Read more…

Macquarie hires Credit Suisse’s Leong as head of Singapore client coverage

Macquarie Group, Australia’s largest investment bank, said it hired Leong Yung Chee from Credit Suisse Group AG as head of Singapore client coverage. Leong will report to Kalpana Desai, deputy Asia chief at Macquarie Capital Advisers, the company said in a release today. Leong was a senior origination banker at Credit Suisse in Singapore, according to the statement.
 
{jcomments on}

Hong Kong Exchanges, Singapore Exchange raised at Credit Suisse

Hong Kong Exchanges & Clearing and Singapore Exchange were upgraded to “outperform” at Credit Suisse Group AG, which said rising equity markets and healthy liquidity conditions will boost turnover.

Hong Kong Exchanges was previously rated “underperform” while Singapore Exchange was rated “neutral” at the brokerage.

{jcomments on}

STI to rise to 3,180 by 2010 says Credit Suisse: Update

Singapore’s Straits Times Index may rise at least 14% to 3,180 by the end of next year, reflecting continued upgrades in earnings estimates, said Credit Suisse Group AG and UBS AG.
 
The gauge rose 0.5% to 2,786.03 as of 3:41 p.m. in Singapore. The index has climbed 91% from a six-year low on March 9 on signs stimulus measures were reviving economies around the world.

Read more…

CapitaMalls share offering seeks as Much as $2.78b: Update

CapitaLand, Southeast Asia’s largest developer, is seeking $2.78 billion from the listing of its CapitaMalls Asia unit as it seeks to grow its retail mall business across the region.
 
Some 1.165 billion shares were being offered at $1.98 to $2.39 apiece, according to e-mails sent to investors by sale arrangers Credit Suisse Group AG and Deutsche Bank AG. The share sale will be the biggest in Singapore this year, according to data tracked by Bloomberg.

CapitaMalls share offering seeks as much as $2.78b

CapitaLand, Southeast Asia’s largest developer, is seeking $2.78 billion from the listing of its CapitaMalls Asia unit. Some 1.165 billion shares were being offered at $1.98 to $2.39 apiece, according to e-mails sent to investors by sale arrangers Credit Suisse Group AG and Deutsche Bank AG.

{jcomments on}

STI gains 0.6% to 2,650.95 at closing

The Straits Times Index gained 0.6% to 2,650.95 at the close of trading today. Three stocks gained for each one that fell on the 30-member gauge. The measure rose for a third day, the longest winning streak since a four-day advance through Sept. 8. The following shares were among the most active in the market. 
 
Noble Group (NOBL SP), a Hong Kong-based commodities supplier, rose 2.4% to $2.56. Credit Suisse Group AG raised the target price on the shares to $2.10 from $1.45 on the outlook for improved profitability. Credit Suisse maintained its “underperform” rating.

STI falls 0.1% to 2,632.53 at the break

The Straits Times Index fell 0.1% to 2,632.53 at the 12:30 local time break. An equal number of stocks gained and fell on the 30-member gauge.The following shares were among the most active in the market. 
 
Noble Group (NOBL SP), a Hong Kong-based commodities supplier, rose 1.2% to $2.53. Credit Suisse Group AG raised the target price on the shares to $2.10 from $1.45 on the outlook for improved profitability. Credit Suisse maintained its “underperform” rating.

Hi-P International gains 2.3% to 67.5 cents as Credit Suisse raises price target to 90 cents

Hi-P International (HIP SP), an electronics contract manufacturer, advanced 2.3% to 67.5 cents. Credit Suisse Group AG raised its share-price target to 90 cents from 59 cents and maintained its “outperform” rating.

{jcomments on}