Friday, May 6, 2011

Market Daily -- 6th May 11

9. Raffles Education Target Cut To S$0.45 Vs S$0.72 By Credit Suisse

8. Hyflux Target Cut To S$2.70 From S$3.00 By Credit Suisse

7. ARA Asset Management Target Raised To S$1.88 Vs S$1.74 By CS

6.  SingTel Optus: Regional Australians To Gain Early NBN Access Under A$200M Deal

5.  United Overseas Bank 1Q Net S$612M Vs S$700M; Expected S$620M
 UOB 1Q Net Interest Income S$871M Vs S$900M
 UOB 1Q Non-Interest Income S$551M Vs S$602M
 UOB 1Q Net Interest Margin 1.90% Vs 1.91% in 4Q
 UOB CEO: Core Markets Remain Buoyant
 
4. DBS:In Pact With Sumitomo Trust and Banking To Deepen Cooperation In Asia
DBS: Cooperation Includes Institutional Banking, Capital Markets, Treasury

3. Raffles Education Corp Fair Value Cut To S$0.65 Vs S$0.815 By OCBC

2. Indofood Agri Resources:Got Approval From Indonesia Regulator For PT SIMP IPO
Indofood Agri Resources: PT SIMP Has Filed Prospectus For IPO 

1. The Dow Jones industrial average .DJI dropped 139.41 points, or 1.10 percent, to 12,584.17. The Standard & Poor's 500 Index .SPX fell 12.22 points, or 0.91 percent, to 1,335.10. The Nasdaq Composite Index .IXIC lost 13.51 points, or 0.48 percent, to 2,814.72