SINGAPORE, Nov 20 (Reuters) - Singapore's largest lender,
DBS Group (DBSM.SI), will be in the spotlight on Friday after
RBS 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 (MONE.SI),
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
(AAPL.O).
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 .SPX 1094.9 -1.34% -14.900
USD/JPY JPY= 88.91 -0.07% -0.060
10-YR US TSY YLD US10YT=RR 3.3416 -- 0.000
SPOT GOLD XAU= 1143.15 -0.03% -0.350
US CRUDE CLc1 77.76 0.39% 0.300
DOW JONES .DJI 10332.44 -0.90% -93.87
ASIA ADRS .BKAS 122.42 -2.69% -3.38
------------------------------------------------------------- >
Wall St drops on recovery concerns, tech rout [.N] >
Dollar, yen advance as risk tolerance declines [USD/] >
US bonds rise as stocks slide feeds safety bid [US/] >
Gold edges up despite dollar firmness [GOL/] >
Oil falls more than $2 on equities [O/R]
Stocks and factors to watch:
-- DBS GROUP (DBSM.SI)
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. [ID:nSIN483269]
-- MOBILEONE (MONE.SI)
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
(AAPL.O) to distribute the popular iPhone in the city state.
- Singapore's benchmark Straits Times Index .FTSTI rose
0.5 percent to 2,758.79 points on Thursday.
- The Dow Jones industrial average .DJI fell 0.9 percent
to end at 10,332.44 points. The Nasdaq Composite Index .IXIC
dropped 1.66 percent to close at 2,156.82 points.
(Reporting by Harry Suhartono; Editing by Bill Tarrant)
