Tuesday, November 20, 2012

Market Daily -- 20th Nov 12

11. Olam Down 8.1% At S$1.60; Carson Block, Muddy Waters Report Awaited

10. Olam Target Cut To S$1.59 From S$2.08 By CIMB

9. Amtek Engineering Target Cut To S$0.50 From S$0.69 By Maybank-Kim Eng

8. Nam Cheong Started At Buy, S$0.28 Fair Value By OCBC

7. SingTel Target Raised To S$3.58 From S$3.40 By Credit Suisse

6. Creative Technology +11.2% at S$3.37; To License Certain Patents to Intel

5. Saizen REIT Started At Buy, S$0.212 Fair Value - AmFraser

4. Olam International: On Trading Halt Pending Clarification on Muddy Waters Report
Olam: Will Respond to Negative Statements from Carson Block of Muddy Waters
Olam: Will Defend Reputation for Transparency, Good Governance
Olam Spokesman: Will Respond to Muddy Waters's Assertions Once Report Is Published 

3. United Overseas Bank: Unit in Deal to Buy ING Group's Thai Unit
United Overseas Bank: Unit to Pay EUR10 Million for ING Funds (Thailand )

2. Yoma Strategic Holdings: to Raise S$101 Million Via Private Placement of Shares
Yoma Strategic: Capital Group Participated as Anchor Investor in Placement 

1. The Dow Jones industrial average .DJI was up 207.65 points, or 1.65 percent, at 12,795.96. The Standard & Poor's 500 Index .SPX was up 27.01 points, or 1.99 percent, at 1,386.89. The Nasdaq Composite Index .IXIC was up 62.94 points, or 2.21 percent, at 2,916.07