Monday, June 14, 2010

Market Daily -- 14th Jun 10

8. Singapore May Bunker Sales At 3.47M Tons, Up 1.4%
Singapore Jan-May Bunker Sales Up 10.2% On Yr At 16.46M Tons

7. Singapore Exchange: Signed S$110M 5-Year IT Pact With HCL Technologies

6. Sunway REIT Guides Institutional IPO At MYR0.90-MYR0.98/Share -Term Sheet
Sunway REIT Bookbuilding Starts June 14, Ends June 24 - Term Sheet

5. Singapore Trade Minister: Financial Uncertainty Has Abated But Risk Remains
 Singapore Trade Minister: Recent Europe Developments Have Unsettled Markets
 Singapore Trade Minister: Doubts Over Fiscal Sustainability Of Euro-Zone Econs

4. Wing Tai Target Cut To S$1.92 From S$2.01 By CIMB

3. Allgreen Properties Target Cut To S$1.16 From S$1.67 By CIMB

2. M1 Target Raised To S$2.50 From S$1.65 By Citigroup

1. WALL STREET:Stocks closed higher Friday despite disappointing drop in consumer spending, as investors encouraged by lift in consumer sentiment, lack of negative news out of euro zone. Commerce Department report showed consumers pulled back spending, sending retail sales tumbling 1.2%. However, Reuters/University of Michigan report showed consumer sentiment rose more than expected, which helped ease investors' concerns. Dow +0.4%, Nasdaq +1.1%