Monday November 23, 12:56 AM
Singapore Hot Stocks-DBS, MobileOne in focus
SINGAPORE, Nov 20 (Reuters) - Singapore's largest lender, DBS
Group, will be in the spotlight on Friday after RBS (LSE: RBS.L - news)
upgraded its recommendation on the stock to buy from hold and
raised its target price to S$18 ($12.97) from S$14 previously.
Nomura also raised its target price on MobileOne (B2I.SI - news) ,
Singapore's smallest mobile phone operator, to S$2.10, citing the
company's recent move to tap into the broadband internet market
and a deal to distribute the popular iPhone from Apple (NASDAQ: AAPL - news) .
U.S. stocks slid on Thursday as another batch of economic
data pointed to the fragility of the recovery and a brokerage's
dim view on the semiconductor sector hit technology shares.
----------------------MARKET SNAPSHOT @ 2317 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1094.9 -1.34% -14.900
USD/JPY 88.91 -0.07% -0.060
10-YR US TSY YLD 3.3416 -- 0.000
SPOT GOLD 1143.15 -0.03% -0.350
US CRUDE 77.76 0.39% 0.300
DOW JONES (news) 10332.44 -0.90% -93.87
ASIA ADRS 122.42 -2.69% -3.38
-------------------------------------------------------------
> Wall St drops on recovery concerns, tech rout
> Dollar, yen advance as risk tolerance declines
> US bonds rise as stocks slide feeds safety bid
> Gold edges up despite dollar firmness
> Oil falls more than $2 on equities
Stocks and factors to watch:
-- DBS GROUP
RBS raised its recommendation on Singapore's largest lender,
DBS Group, to buy from hold and its target price to S$18 ($12.97)
from S$14 previously.
-- MOBILEONE
Nomura raised its target price for MobileOne, Singapore's
smallest mobile phone operator, to S$2.10 from S$1.90 after the
company acquired an interet service provider to tap into the
domestic fixed broadband market and the recent deal with Apple to distribute the popular iPhone in the city state.
- Singapore's benchmark Straits Times Index rose 0.5
percent to 2,758.79 points on Thursday.
- The Dow Jones industrial average fell 0.9 percent to
end at 10,332.44 points. The Nasdaq Composite Index
dropped 1.66 percent to close at 2,156.82 points.
(Reporting by Harry Suhartono; Editing by Bill Tarrant)
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
