ASIA Singapore’s GDP declined 0.7 percent in the 2Q12 period on a q/q basis. Preliminary estimates pegged the GDP to decline 1.1 percent. (Bloomberg) INDIA Issuance of structured notes in India declined more than 70 percent to INR 5.88 b… Read More ›
Fitch
EQUITY UPDATE – 10 AUGUST 2012
ASIA China’s Industrial output for July rose slower than expected by 9.2 percent to near three year lows, adding to concerns that the country is slowing in its recovery process. Inflation in the county declined for the fourth consecutive month… Read More ›
EQUITY UPDATE – 9 AUGUST 2012
ASIA Cathay Pacific Airways Ltd – Co. reported its 1HY12 results at a loss of HKD 935 m (USD 121 m) vs exp. Profit of HKD 490 m vs. profit of HKD 2.8 b a year ago, on lower freight… Read More ›
EQUITY UPDATE – 8 AUGUST 2012
INDIA Rating agency CRISIL reduced it’s forecast for India’s GDP growth in FY12-13 to 5.5 percent from 6.5 percent. Rainfall deficiency and the worsening of the Euro zone crisis are the major factors which could affect GDP, it cited. The… Read More ›
EQUITY UPDATE – 7 AUGUST 2012
ASIA China Vanke Co. – Property developer reported 1HY12 profit to RMB 3.73 b (USD 585 m) vs RMB 2.98 b a year ago. EPS came in at RMB 0.34 a share vs RMB 0.27 a share a year ago…. Read More ›
EQUITY UPDATE: 1 AUGUST 2012
ASIA China’s steel factories saw a 96 percent decline in profits for the 1HY12 period on economic slowdown lowering demand. The China Iron and Steel Association revealed that profits came in at RMB 2.39 b (GBP 376 m) on rising… Read More ›
TULIP TELECOM DOWNGRADED BY FITCH
Tulip Telecom – Co. downgraded by Fitch from A+ to A-. (CNBC TV 18)
