Wednesday, October 20, 2010

Market Daily -- 20th Oct 10

6.  Temasek To Divest Stake In South Korea's Hana Financial - Sources
 Temasek Has 10% Stake In Hana Financial - Sources
Temasek Sells 9.6% Stake In Hana Financial - Term Sheet 
Temasek To Sell Hana Financial Stake At KRW34,300-KRW35,550 Per Share - Term Sheet 
Temasek's Hana Financial Sale Could Raise Up To US$642.6Million - Term Sheet
Temasek Stake Sale In Hana Part Of Rebalancing Portfolio - Sources 

5. Sembcorp Marine Target Raised To S$5.40 From S$4.25 By CS

4. Sembcorp Industries Target Raised To S$5.70 From S$4.60 By CS

3. Pacnet Seeks To Raise $300M In 5-Year Dollar Bond - Source
Pacnet Seeks To Raise $300M In 5-Year Dollar Bond - Source
Pacnet Mandates Credit Suisse, Barclays Capital, DBS Bank, Standard Chartered As Lead Managers - Source 

2. Neptune Orient Target Raised To S$2.36 Vs S$2.06 By Phillip

1. WALL STREET: Stocks fell after China's sudden rate hike, disappointing corporate earnings, concerns about banking industry's mortgage woes, with Bank of America shedding 4.5%; Wall Street Journal reported earlier group of institutional bond investors stepping up efforts to recoup losses on soured mortgage portfolios at Bank of America. Dow fell 1.5%, Nasdaq down 1.8%