SG Market (20 Jul 12)

SG Market: The STI may take another crack at the 3030 triple-top on the back of the firmer close on Wall Street and 2Q results from Keppel Corp, which blew out all expectations and a clutch of better-than-expected results from Fraser Centrepoint Trust and Sabana Reit with Suntec and Mapletree Logistics in line with estimates. Market sentiment may also be spurred by a spurt of M&A activity surrounding F&N and APBrew with the latest news that Heineken is offering to buy F&N's stake in APBrew for $50/share. The Daily Telegraph also reported that SGX has held informal merger talks with London Stock Exchange.