SINGAPORE
Singapore 's non-oil domestic exports fell 9.1% MoM (-10.6% YoY) in August, vs +3.6% MoM (+5.7% YoY) in July. Electronic exports tumbled by 11.0% YoY, after a +2.0% increase in July.
Fraser & Neave (FNN)'s FCL (China) sold its entire 56.05% stake in Frasers Property (China) to a unit of Gemdale Corp for S$261M.
ARA Asset Management (ARA) said it received approval from the Singapore Exchange to list a yuan-denominated real-estate investment trust in Singapore .
CapitaLand Ltd (CAPL) said it priced $400M in 10-year fixed-rate notes, bearing a 4.076% coupon.
US indices closed higher on Friday. On the US economic data front, advance retail sales rose 0.9% MoM (+0.8% expected) in August while industrial production dropped 1.2% MoM (0.0% expected). Finally, Consumer Price Index increased 0.6% MoM in August as expected and the Thomson Reuters/University of Michigan preliminary index of consumer sentiment climbed to 79.2 in September from 74.3 the previous month. Stocks in the automobiles and banks sectors traded higher while shares in the telecommunication services and pharmaceuticals sectors were under pressure. Regarding some major US company news, Apple (AAPL +1.22% to $691.28) jumped to a new record high on optimism the iPhone 5 will have a strong selling start. Separately, Western Digital's (WDC -3.57% to $41.06) cut its 1Q revenue forecast to the range of $3.9B - $4B compared with its previous expectations of $4.2 - $4.3B.
In Europe, euro zone CPI gained 0.4% in August, as expected, vs -0.5% in July. Euro zone unemployment was flat in 2Q after falling 0.3% in 1Q. Regarding the stocks, JD Wetherspoon gained ground as the Co posted FY results that beat estimates. Japanese markets are closed today for Respect-for-the-Aged Day.
CHINA - HK
China 's Vice President Xi Jinping appeared in public Saturday, for the first time in two weeks.
The Hong Kong Monetary Authority said it will cap loan tenor at 30 years for all property mortgage loans and limit the size of the monthly loan payment to 40% of income, compared with 50% previously, for borrowers seeking more than one mortgage.
China Unicom (762) and China Telecom (728) to offer iPhone5 by the end of the year, Cnet reported.
China Construction Bank (939)'s Chairman said the group is eyeing to acquire all or at least 30% of one of Europe 's largest banks (Financial Times).
Glencore International (805): Xstrata's board is poised to back the £36B offer from Glencore, the Sunday Telegraph reported.
China Coal Energy (1898) released August commercial coal production volume of 8.86M tonnes, almost unchanged YoY, and coal sales volume of 11.1M tonnes, down 4.6% YoY.
Cina Metallurgical (1618) said new contracts for the January-August period fell 23.3% YoY to 160.3B yuan.
Tencent Holdings (700) started to offer its online shopping services in Hong Kong with Qolala.com (Sing Tao).
Hysan Development (14) lost it judicial challenge to height limits imposed by Hong Kong's Town Planning Board on 10 sites it owns (South China Morning Post).
China Oriental Group (581) issued clarifications and said: "the board is aware of some recent news reported by some newspapers in relation to the proposed investment of the Company of RMB10B for setting up productions plants in the industrial zone of Qianxi County in the PRC. (...) The project in setting up productions plants in Tangshan City , Hebei Province of the PRC is only a very preliminary plan of the Company and is at an initial stage. (...) As the Proposed Project may or may not be consummated, shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company."
Datong Coal Industry (601001) to supply up to 120,000 metric tons of thermal coal to SinoCoking Coal's Hongli Coal & Coke through the end of September.
Beijing Yanjing Brewery (000729) withdrew from negotiations to buy Kingway Brewery (124)'s brewery operations (Dow Jones).
China Estates Holdings (127) said it has lodged an appeal against the Macau government's decision to cancel its acquisition of five plots of land due to bribery allegations.
Lippo Ltd (226) and HongKong Chinese Ltd (655) jointly announced "the Purchaser has accepted and exercised the Option by the delivery of an acceptance copy of the Option Letter to the Vendor's solicitor and has made payment to the Vendor in the amount of S$880,000. (...) the Completion shall take place on or before 7th December, 2012."
Google Trend HK - popular searches: China Coal Energy Co (1898), Jiangxi Copper (358), SPDR Gold Shares (2840), Zhaojin Mining Industry Co (1818)
Wharf Holdings (4): ex-div HK$0.45
Weichai Power Co (2338): ex-div HK$0.09
China Petroleum & Chemical Corp (600028): ex-div CNY0.1
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