Sarissa Resources Inc (SRSR)

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DAHLMAN ROSE & CO. PRE-MARKET NEWS AND DATA FOR AUGUST 23RD

GENERAL MARKET:
International:
ECONOMIC:
· Thailand’s GDP rose 9.1% in the three months through June from a year earlier
NEWS:
· Australia Hung Parliament: Neither Australian Prime Minister Julia Gillard nor opposition leader Tony Abbott gained an
outright majority in Saturday’s vote. Now one side must win negotiations with independent lawmakers to form
government. The final result of the election, called by Gillard five weeks ago within a month of her ousting former Prime
Minister Kevin Rudd, may not be known for days (Bloomberg)
· Chancellor Angela Merkel, in her first television interview since returning from summer vacation, challenged German
atomic-power plant operators E.ON AG and RWE AG to come up with alternatives to a planned tax on nuclear fuel that they
oppose, refusing to budge on the tax on utility profits announced in June, saying the government needs the 2.3 billion euros
($2.9 billion) in annual revenue (Bloomberg)
· TPG Inc. is seeking to raise 5 billion yuan ($740 million) with the government of Shanghai’s Pudong district for its first yuan-
denominated private equity fund (Bloomberg)
· 939.HK - China Construction Bank Corp. posted a 20% gain in Q2 profit. Net income climbed to 35.6 billion yuan ($5.2
billion) from 29.55 billion yuan a year earlier
· OML.LN - Old Mutual confirms HSBC Holdings (HSBA.LN) has entered into exclusive discussions about the possible
acquisition of a majority stake in Nedbank Group
· PIH.AU - Brookfield Infrastructure Partners (BIP) to buy Prime Infrastructure. The transaction has an implied value of A$1.6B
($1.4B). Prime security holders will receive 0.24 BIP units for each Prime stapled security held, representing a price of
A$4.60 per Prime Security, or A$4.55 in cash up to 4K BIP units per holder
· ROG.VX - Roche Holding agrees to buy BioImagene (private) for approx $100M on a debt-free basis

Domestic:
BARRON’S:
· Cover story: General Motors IPO could value the car maker at $60B.
· Interview: Putnam Investment's head of global asset allocation Jeff Knight sees US large cap, emerging market, and Europe
equities as attractive for long term investors.
· Helmerich & Payne (HP) will continue to benefit from a move to new high performance drilling rigs.
· Even without Airgas (ARG), shares of Air Products (APD) should appreciate nicely.
· Examining the executive compensation aspects of the Dodd-Frank financial reform act.
· Profile: Robert Levy, a subadvisor for the MassMutual Select Focused Value Fund likes shares of Franklin Resources (BEN) as
well as Bank of New York Mellon (BK) while selling shares of Dr. Pepper Snapple (DPS) in July.
· Up and Down Wall Street: Randall Forsyth believes the talk of a bubble in Treasuries is all hype and says the Claymore
Dividend & Income Fund (DCS) could be worth a look by investors.
· Streetwise comments about recent takeover speculation and says while it is not a key reason to buy the market, the M&A
theme is a net positive until it gets more out of hand. Traditional growth stocks with multi-generational brands such as
Coca-Cola (KO), McDonald's (MCD), and JM Smucker (SJM) are noted to have performed well in sideways markets.
· Technology Trader though not a 100% believer in the McAfee (MFE) deal, is still a believer in Intel (INTC). Moving anti-virus
from software into the processor could take a year or two. Shorter term concerns about the Sept. quarter for Intel (INTC)
are also noted.
· Plugged In says the smartphone segment shows no signs of getting caught in a dip in the economic recovery. Bill Whyman of
ISI Group is noted to have recently raised his 2010 projection of unit growth sales by 3% with foreign exchange playing a
large part in the price of devices. Apple (AAPL), Google (GOOG), Nokia (NOK), Motorola (MOT), and Research In Motion
(RIMM) are all mentioned.
· Economic Beat believes spending by consumers and businesses isn't falling.
· The Trader believes BHP Billiton (BLT.LN) could raise its offer for Potash (POT) to $163 thought at this price the deal
wouldn't add to profits until 2014, according to Credit Suisse. Taking profit the closer Potash (POT) shares trade to $160 is
recommended. Retail stocks are still not seen as a bargain even with the group trading lower since April. Margin pressure in
the 2H from competition and the increased cost of goods from China is noted.
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SALES & TRADING
· Asia Trader suggests looking at Taiwan's financial sector and First Financial Holding Company (2892.TT).
· European Trader says even without a strong rebound in the US and Europe, Akzo Nobel (AKZA.NA) has a bright outlook.
· The Striking Price notes risk in emerging markets is being priced like that in the US.
· Current Yield sees safety with higher yields than Treasuries in emerging markets.
· Commodities Corner discusses the lack of impact the high demand for electricity and the low growth in stockpiles has had
on natural gas prices.

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