12:08 PM
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>>S'pore: Shares open higher:
* Singapore share prices opened higher on Wednesday with the Straits Times Index up 5.04 points to 3,019.84.
* Shares were up 0.22% from its open.
* About 118.7 million shares were traded.
* Gainers beat losers 103 to 29.
>>CIMB cuts Keppel T&T target price:
* CIMB Research cut its target price for logistics company Keppel Telecommunications & Transportation to S$1.20 from S$1.22 and kept its 'neutral' rating, citing potentially higher operating expenses.
* By 0101 GMT, shares of Keppel T&T were 0.4 percent lower at $1.13 and have gained 1.8 percent since the start of the year, compared to the FT ST Industrials Index's 15 percent rise.
>>Stocks to watch on July 18:
* CAPITAMALL TRUST
CapitaMall Trust said its distributable income rose 5.5 percent in the second quarter to S$79.6 million from a year ago, helped by higher gross revenue from its shopping malls.
* ASCENDAS REAL ESTATE INVESTMENT TRUST
Ascendas REIT, which owns industrial assets, said its distribution per unit for April-June rose 10.3 percent to 3.53 Singapore cents from a year ago, helped by positive rental reversions and higher gross revenue due to acquisitions and the completion of development projects.
* KEPPEL TELECOMMUNICATIONS & TRANSPORTATION LTD
Logistics firm Keppel T&T said its second-quarter net profit fell 19.2 percent to S$14.3 million from a year ago, hurt by an increase in overheads and lower sundry income.
>>Market News:
* Nikkei opens up after Wall Street rally!
* Coke, Goldman earnings good enough for Wall St!
* Yields rise as Bernanke mum on new Fed action!
* Dollar volatile; Bernanke vague on further easing!
* Gold cuts losses after Bernanke, equities help!
* Oil up on Bernanke leaving stimulus door open!
* Key political risks to watch in Singapore!
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