Wednesday, December 16, 2009

Market Daily -- 16th Dec 09

5. MobileOne Target Raised To S$2.05 From S$1.51 By Daiwa

4. City Developments Ltd Sells S$50 Mln 4-Yr Sukuk - Lead Manager
City Developments Ltd Prices Sukuk Swaps +140 BPs - Lead Manager

3. Wilmar Target Raised To S$8.00 From S$7.00 By UBS

2. SingTel, StarHub: FIFA World Cup Broadcast Cost Has Escalated
SingTel, StarHub: Broadcast Costs Would Erase Margins
SingTel, StarHub: Will Seek To Negotiate Agreement With FIFA

1. WALL STREET: Financial stocks led market lower as rising credit-card delinquency rates weighed and as concerns percolated through regional banks, including PNC Financial and SunTrust, which are yet to repay government loans. Latest numbers from credit-card issuers indicated consumers remain stressed by high rates of joblessness. Dow down 0.5%, Nasdaq down 0.5%