Friday, May 22, 2009

Market Daily -- 22nd May 09

6. MobileOne Target Cut To S$2.30 From S$2.58 By Goldman Sachs

5. CapitaCommercial Trust In Rights Issue To Raise S$828.3M
CapitaCommercial To Offer 1.4B Rights Units At S$0.59/Unit
CapitaCommercial To Offer 1 Rights Unit For Every Existing Unit

4. Yangzijiang Target Raised Ro S$0.38 From S$0.28 By Macquarie

3. SGX Target Raised To S$8.80 From S$7.37 By Macquarie

2. Neptune Orient Lines Target Cut To S$1.20 From S$1.30 By MS

1. WALL STREET: S&P warning it may downgrade U.K. government's credit ratings stoked fear about state of global economy, with slate of industrial and material companies driving stocks into the red. Dow closed down 1.5%, Nasdaq lost 1.9%