SG Market (19 Jul 12)

SG Market: S’poere shares looks set to extend its winning streak to a fifth session on upbeat corporate earnings and firmer housing data on Wall Street. The next key hurdle for the STI is at th 3035 level. Among the day;s highlights, Thai Beverage and its owner's family are buying F&N and Asia Pac Brew stakes from OCBC and Great Eastern for $8.88 and $45 respectively. DBS' Bank Danamon bid is back in focus after Indonesia issued new bank-ownership rules. Keppel Land's 2Q12 net profit climbed 87.5% yoy to $94.7m. An STX OSV unit landed a Nok100m contract.