Stock Highlights

Stock highlights:
* OUE: mkt talk that Credit Suisse is looking to sell up to 42.6m shares (4.3% of shares out) at $3.35-3.50/sh. The offering is likely linked to a placement on behalf of the controlling Riady family. Stock may feature today.
* SGX: Post-results, Deutsche maintains at Buy with $10.50 target, HSBC upgrades to Neutral but maintains $8.60 target. Separately, the counter may see interest on plan to pursue Japanese listings in Spore.
* K-Green Trust: 4Q10 results better than initial guidance, but lower q-o-q. Limited growth prospects may cap upside, but share price should remain supported by the 7.8% annualized yield.
* CapitaCommercial Trust: 4Q10 net income -18% yoy, although DPU +3.2% to 1.94cts/sh, which translates to 5.1% annualized yield. Mgt expects further negative rental reversions in 2011, before picking up in 2012.
* Roxy Pacific: may rebound after yday’s large turnout at its Spottiswoode 18 showflat. ~75% of total units were sold, at ASP of $2000 psf. Absolute prices started from $700k/ unit, which may dispel concerns about steep discounts being offered.
* UOL: wins Lion City Hotel and adjoining Hollywood Theatre Site tender for $313m. The property may be redeveloped as a commercial-cum-residential dev.
* Banyan Tree: has raised Rmb 1.1b for its first Rmb-denominated private equity fundBanyan Tree China Hospitality Fund.
*Foreland Fabrictech: positive profit guidance. To report higher revenue for 4QFY10 and higher net profit compared to 4Q09.