Monday, June 7, 2010

Market Daily -- 7th Jun 10

6. Keppel Corp Restarted At Buy, S$10.70 Target By BoA-ML

5. Singapore Minister: Need To Beware Of Asset Bubbles In Emerging Economies

4. Overseas Union Enterprise May Raise Up To US$300M In Follow-On Offering- Term Sheet
Overseas Union Enterprise Looks To Raise Another S$200M In Convertible Bond Issue 

3. Armstrong Industrial Target Raised To S$0.555 Vs S$0.48 - CIMB

2. BH Global Marine Target Set At S$0.39 By Polaris

1. WALL STREET: U.S. stocks sharply lower Friday, hit by disappointing jobs numbers, concerns European fiscal, debt issues spreading to Hungary; DJIA down 3.2%, S&P 500 down 3.4%, Nasdaq down 3.6%. Market hit of news May jobs up 431,000, below the 515,000 increase expected, with Census jobs contributing most of the rise (private sector employment up just 41,000).