Gold Member
Posts: 24638
Liked By: 14428
Joined: 16 Apr 12
Followers:
6
Tipsters
Championship:
Player
has
not started
|
STI 3,297 +12 +0.38%
DOW 14,673 +60 +0.41%
S&P 1,569 +6 +0.38%
FTSE 6,313 +36 +0.57%
DAX 7,638 -25 -0.3
GOLD 1,586 -0 -0.04%
OIL 93.97 -0.23 -0.24%
PRE-HK OPEN 30pts
CREDIT SUISSE GLOBAL RISK APPETITE (EQUITY): -0.87 (8 April 2013)
CREDIT SUISSE GLOBAL RISK APPETITE : 1.85 (8 April 2013)
10 Apr 2013 08:54 DJ MARKET COMMENT: STI Could Rise On U.S. Optimism; To Test 3300
0054 GMT [Dow Jones] Singapore's STI could open higher following gains on Wall Street Tuesday as investors remain upbeat about the U.S. economy despite disappointment over the latest jobs numbers, says IG Markets strategist Kelly Teoh. "The buoyant mood from the U.S. could trickle down" into Singapore markets, as the index looks set to test 3300. On Tuesday the STI climbed 0.4% but closed below that psychological resistance at 3296.57. China trade data due out today will also influence market sentiment, says Teoh. Singapore Exchange Ltd. (S68.SG) bears watching after a system glitch delayed derivatives trading for three hours Tuesday; SGX said it takes the problem seriously and will work on improvements
10 Apr 2013 08:16 DJ MARKET TALK: China Shares Cheap But Focus On Defensives -JPMorgan
0015 GMT [Dow Jones] Despite cheap valuations and a gradually recovering economy, JPMorgan sees "limited top-down reasons for optimism" on China shares. It says that policy is focused on driving sustainable growth, requiring a slower growth trajectory, which sits uncomfortably with wide-ranging overcapacity issues. As a result, while valuations and gradual recovery may limit the downside, this appears inadequate to drive upside optimism. JPM says the rally from late summer 2012 has faded, and it remains cautious on the aggregate market. "On a relative basis we recommend a focus on defensives and bottom-up opportunities," and its favored picks are IPPs, consumer electronics, healthcare, pollution theme plays. The house's "highest-conviction" recommendations include Baoxin Auto (1293.HK), China Pacific Insurance (2601.HK), China Railway Group (0390.HK), Unicom (0762.HK), Country Garden (2007.HK), ENN Energy (2688.HK), Golden Eagle (3308.HK), Guangdong Investment (0270.HK), Sinopec (0386.HK), Sinopharm (1099.HK), Skyworth (0751.HK), TCL Communication (2618.HK) and Tencent (0700.HK).
10 Apr 2013 07:33 WSJ BLOG: KKR, Blackstone, Carlyle, Temasek Eyeing $11 bln Life Bid
Three of the world's largest buyout firms are in talks to make a multibillion-dollar offer for Life Technologies Corp. ahead of a Tuesday deadline for bids in what would be one of this year's largest corporate takeovers.
The buyout group, which includes Blackstone Group LP, Carlyle Group LP, KKR & Co. and Singapore's state investment company Temasek Holdings Ltd. remained in discussions late Tuesday about putting forth a joint bid of about $11 billion, or about $62 a share, for the Carlsbad, Calif. biotech company, said people familiar with the matter.
If the buyout group makes an offer for Life Technologies, it is likely to run up against Thermo Fisher Scientific Inc., which has also been pursuing a bid, according to people familiar with the matter. It's unclear if other suitors are in the mix.
Life supplies laboratories with reagents and other scientific necessities in addition to having a genetic testing business. While the genetics segment offers growth potential, the laboratory supply business provides the sort of steady cash flow that could enable the company to service the billions of dollars in new debt raised for a leveraged buyout.
Large buyout firms have circled Life in recent weeks. At one point two rival groups -- one including Blackstone, Carlyle, Temasek and TPG, and the other including KKR -- were pursuing a deal. KKR's potential partners bowed out of the talks, however, leaving the firm looking for allies. Meanwhile, TPG left the Blackstone-Carlyle group, according to people familiar with the matter.
Whether the buyout firms can reach terms on a group bid was the topic of talks that continued late into Tuesday, they said.
Life said in January that its board of directors had hired Deutsche Bank AG and Moelis & Co. to help it review the company's strategic options. The announcement, and news that prompted the disclosure, sent Life shares higher.
Life shares closed 1.3%, or 86 cents, higher at $66.19 on Tuesday, giving Life a stock market value of about $11.2 billion. Prior to the board's disclosure the stock had traded at less than $55.
A buyer of Life would also have to take on the company's $2.4 billion in debt.
....
|
Main Menu >
Stocks, FX, Cryptocurrencies & Commodities Forum >
MARKET WATCH 10 April 2013
1
) 
Find all Topics Started by stand up n wake up
Find all Posts by stand up n wake up
Follow / Unfollow
PM stand up n wake up
10-Apr 2013 Wednesday
9:39 AM (4037 days ago)
0 Likes
Like
