Singapore Market (11 Apr 13)

Singapore Market: Expect STI to open higher after S&P 500 hit a record high over night, on back of positive imports data from China and after BOJ Governor Haruhiko Kuroda said on Wed that the bank was resolved to keep printing money for as long as needed to achieve 2% inflation. Stocks to watch out for: * Tiger Airways: Singapore’s March load factor dropped 1 ppt Y/y to 86%; Tiger Australia’s load factor up 6 ppt to 85% * Tritech: Expects to report a net loss for FY ended March * Wilmar: Will set up 3 subsidiaries which has registered share capital of 120m yuan * OKP: wins a S$10.2m drainage contract * SGX: Signs MOU with China Financial Futures Exchange to collaborate on derivatives mkt development * United Fiber System: Held meetings with unsecured creditors that have provided credit to its unit Poh Lian Construction, to talk about proposed debt restructuring * Courts Asia: CIMB initiates coverage with Buy call and $1.32 TP