Thursday, October 28, 2010

Market Daily -- 28th Oct 10

6. Singapore Exchange Target Cut To S$9.30 Vs S$10.00 By Nomura

5.  Amtek Engineering Plans To Raise US$400M-US$500M In Singapore IPO - Sources
 Amtek Engineering Roadshows Likely Early November - Sources
 Credit Suisse, Morgan Stanley, Standard Chartered Advising Amtek On IPO - Sources

4.  Singapore Foreign Min: SGX-ASX Merger Must Be 'Positive Sum Game' For Both
 Singapore Foreign Min: SGX-ASX Merger Must Be 'Positive Sum Game' For Both

3.  China Ministry: Nationwide End-September 3G Users 34.99 Mln
 China Telecom End-September 3G Users About 9.16 Mln Based On Data 

2. Australia's Oakeshott: To Be Pursuaded By FIRB Recommendations On ASX
 Australia's Wilkie: Would Not Support Sale Of ASX To SGX
 Australia's Crook: Cautious About Sale Of ASX To SGX
 Australia Green Bandt: Not Convinced ASX Sale In National Interest 

1. WALL STREET: DJIA ends down 0.4% Wednesday, but well off intraday lows as investors tamped down expectations for further Fed quantitative easing next week; there are growing expectations Fed will unveil program of U.S. Treasury bond purchases of few hundred billion dollars over several months, vs its purchases of nearly $2 trillion of bonds during financial crisis. Nasdaq +0.2%, S&P 500 down 0.3%