Tuesday, October 27, 2009

Market Daily -- 27th Oct 09

8. CapitaLand Target Raised To S$5.65 From S$3.90 By CIMB

7. Cosco (Singapore) Fair Value Raised To S$1.33 Vs S$0.95 -UOB

6. Olam Target Raised To S$3.33 From S$2.85 By OCBC

5. Noble Group Target Raised To S$3.14 From S$2.67 By OCBC

4. Singapore Airport Terminal Tgt Raised To S$3.39 Vs S$3.24-BNP

3. Temasek: Completed US$1.5B, 2019 Bonds Offer; 4.3% Coupon

2. CapitaLand 3Q Net Profit S$281.3M Vs S$419.4M

1. WALL STREET: Bank capital worries that weighed on Bank of America, drop in oil prices that hurt Alcoa, Chevron, other energy, materials firms sent Dow down over 100 points, reversing early surge; first set of back-to-back triple-digit losses since June 16. Traders cited gaining dollar, concern about tax housing credits, other factors as main contributors to broad pullback; sharp recent gains have increasingly made market veterans tepid. Dow ended off 1.1%, Nasdaq off 0.6%