28 Jun Summary

Market:
The STI went up 18.35 pts to close at 2,869.99.
Volumes were at 894.8 mln at a value of S$893.4 mln. This means on average each share is worth $0.998.
Gainers outpaced losers 2 to 1.
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Stories of note:
SEMBCORP INDUSTRIES LIMITED
Signs MOU to expand seawater desalination capacity in UAE

CAPITAMALLS ASIA
CapitaMalls Malaysia Trust launches IPO, expects to list on Bursa on 16 July

SINGXPRESS
Reveals it is participating in a tender for the acquisition of certain local residential properties through an 80% joint venture

CAPITACOMMERCIAL TRUST
Moody’s changes trust’s rating outlook to positive from stable

STAMFORD TYRES
FY2010 Revenue: +4% to S$310.2 mln
Net Profit: S$9.5 mln vs S$1.2 mln
Cash From Operations: S$22.9 mln vs S$18.3 mln
Final Dividend: 1 cent

POPULAR HOLDINGS
FY2010 Revenue: +14% to S$514.6 mln
Net Profit: S$31.2 mln vs –S$17.5 mln
Cash From Operations: S$48.5 mln vs S$14.3 mln
Dividend: Interim: 0.5 cents, Special: 0.5 cents, Final: 0.2 cents
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