Monday, November 24, 2008

Market Daily -- 24th Nov 08

12. U.S. to Back $306 Billion in Citigroup Assets, Regulators Say

11. Singapore October CPI +6.4% On Yr, Vs Dow Jones Poll +5.95%
Singapore Adjusted October CPI +0.8% On Month Vs +0.4% Poll

10. Standard Chartered Considers $3 Billion Rights Issue-Sources
Temasek Considers Taking Up StanChart Rights Issue-Sources

9. Wilmar International Target Cut To S$3.15 From S$3.70 By GS

8. Indofood Agri Resources Target Cut To S$0.5 From S$1.05 - GS

7. Genting Intl Target Cut To S$0.45 Vs S$0.56 By Goldman Sachs

6. Hotel Properties Target Cut To S$1.53 From S$3.76 By Kim Eng

5. Sinotel Technologies Started At Buy, S$0.20 Target By DMG

4. First Resources Target Cut To S$0.20 From S$0.30 By DBS

3. Wilmar Target Cut To S$2.50 From S$2.80 By DBS Vickers

2. Parkway Target Cut To S$2.10 From S$2.80 By UBS; Keeps Buy

1. WALL STREET: Dow surged nearly 500 points in last hour Friday after reports President-elect Barack Obama would name Timothy Geithner to top Treasury post. Dow +6.5%; Nasdaq + 5.2%