Morning Coffee News (Asia)

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What to Watch* News Corp.’s AUD 2 billion bid for ConsMedia faces challenge from No. 2 stakeholder Seven Group, which says it too may make offer Samsung is investigating customer complaint that its newest Galaxy phone overheated & caught fire; co. briefing at 8 am HKT India’s govt & central bank will today outline steps to support falling rupee, finance minister says; note PTI reports govt may fund public projects, helping to cut deficit drop BHP & Rio’s FY13 profit estimates were cut at UBS, which sees Australia levying heavier mining taxes as commodity prices Hon Hai says it will take USD 214 million loss on its purchase of stake in Sharp Chinese officials may be falsifying economic data to hide true degree of slowdown, NYT says, citing corporate execs Qatar wants to invest up to $5b, mainly in A-shrs, through newly China’s newly expanded QFII program, CSJ reports Aeon may create REIT that would raise up to 200 billion yen (USD 2.5 billion) through IPO this yr, Nikkei reports, without citing anyone Investment banks, brokers are said top have launched round of job cuts across Asia, mostly in equities, with more layoffs coming, Reuters reports PepsiCo is exploring loosened restrictions on investing in Myanmar as Coca-Cola plans its return to Asian nation Oil & gas cos. are curtailing output in Gulf of Mexico today as Tropical Storm Debby approaches Bank for Intl Settlements says central banks are approaching limit of what monetary stimulus can do to help economies Greece’s new leaders want EU to relent on demands for govt-job cuts, higher tax collections; troika has canceled visit planned for today Key Economic Event for this week (Last update on 25/06/12) Country Event/Data For Bloomberg Consensus Previous Monday, 25 June 2012 Singapore CPI yoy % Jun 7.5 8.3 Taiwan Commercial Sales yoy % May 5.1 5.4 Taiwan Industrial Production yoy % May n.a. -2.4 Tuesday, 26 June 2012 Philippines Trade balance USD bn Apr n.a. -1.1 Singapore Industrial production yoy % May 6.1 -0.3 Hong Kong Trade balance HKD bn May n.a. -42.9 Wednesday, 27 June 2012 New Zealand Trade balance NZD mn May 300 355 Thursday, 28 June 2012 Japan Manufacturing PMI Jun n.a. 50.7 Japan Retail Trade yoy % May 3.0 5.7 Thailand Manufacturing Production Index May 2.5 0.5 Friday, 29 June 2012 Korea Industrial production yoy % May 0.5 0 Japan Jobless rate % May 4.5 4.6 Japan CPI yoy % May 0.2 0.4 Japan Industrial production –prelim yoy % May 6.6 12.9 China HSBC Manufacturing PMI Jun n.a. 48 * Numbers shown in the content can vary from the table on page 1 due to the time the information was collected. Important: Please take note of the legal information on the last page of this documentation. 2 of 4
Earnings Releases (Singapore Time) • Aeon Credit Serv (8570 JP) 1Q • Aeon Mall Co Ltd (8905 JP) 1Q • J Front Retailing (3086 JP) 1Q 11:30am • Takashimaya Co (8233 JP) 1Q 12:30pm IPO Notice • No major IPOs scheduled New Bond Issues • Lippo Malls Indonesia has set up a S$ EMTN. • Yieh Phui Enterprise Co Ltd is planning CNH Issue • Swire Holding Ltd to issued S$ 4year bonds around 7%. Recent Asian Bond Issues Date Issuer Ratings S&P/Moody’s/Fitch Size Tenor (Years) Pricing 22-Jun-12 Veoila Environment SA BBB+/Baa1/BBB+ RMB 500mn 5yr 4.7% 22-Jun-12 First Pacific Co Ltd NR/NR/NR USD 400mn 7yr 6% 22-Jun-12 Housing and Development Board NR/NR/NR SGD 585mn 12yr 2.505% 21-Jun-12 IOI Corporation Bhd BBB+/Baa1/BBB+ USD 600mn 10yr 4.464% 19-Jun-12 Frasers Centrepoint Ltd NR/NR/NR SGD 50mn 10yr 3.8% 19-Jun-12 Korea Exchange Bank A-/A2/A- USD 700mn 5yr CT5 + 255bp 19-Jun-12 Hang Lung Properties Ltd NR/NR/NR USD 500mn 10yr CT10 + 335bp * Numbers shown in the content can vary from the table on page 1 due to the time the information was collected. Important: Please take note of the legal information on the last page of this documentation. 3 of 4
Page 1: Morning Coffee News (Asia) 25 June

Morning Coffee News (Asia)

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