Wednesday, August 25, 2010

Market Daily -- 25th Aug 10

6. Genting Singapore Target Raised To S$1.88 From S$1.38 By CIMB

5. Raffles Education Target Cut To S$0.29 From S$0.33 By DBSV

4. Raffles Education Target Cut To S$0.34 From S$0.49 By BNP

3. Raffles Education Target Cut To S$0.24 From S$0.55 By CS

2. IATA CEO: Anticipate $2.5B Profit For Airline Sector In 2010
 IATA CEO: Anticipate $2.5B Profit For Airline Sector In 2010
 IATA CEO: Pace Of Recovery For Airlines Will Likely Slow

1. WALL STREET: Stocks fell as record drop in U.S. existing-home sales added to investors' worries about health of economy. Report of 27.2% plunge in U.S. existing-home sales in July, latest in string of disappointing economic reports despite recent uptick in M&A activity, which would typically be seen as sign of improving confidence. Dow dropped 1.3%, Nasdaq shed 1.7%