Monday, October 10, 2011

Spore market

Spore market: may open with a slight positive bias, with Germany/France discussions on bank recapitalization seeing progress, and with France/Belgium agreeing to bailout Dexia.
At 8.25am, the KOSPI is up 0.7%, while at 8.45am, the ASX 200 was up 0.6%.
Local news is thin today.
Proposed privatization of Heng Long by LVMH group may spark interest in the privatization theme again.
Tiong Woon signs contract with JGC Corp for a Spore refinery project.
CAO to invest ~$37.5m for a 26% stake in Oilhub Korea Yeosu.

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