Thursday, July 31, 2008

Market Daily -- 31st Jul 08

1. Keppel Land Target Cut To S$6.90 Vs S$10.40 By Lehman Bros

2. Keppel Land Target Cut To S$5.04 Vs S$6.04 By Credit Suisse

3. Keppel Land Target Cut To S$5.90 Vs S$6.00 By Goldman Sachs

4. STI May Rise But Oil Price Gain Eyed; 2980 Cap

5. Keppel Land Target Cut To S$6.40 Vs S$9.50 By Deutsche Bank

6. Lehman Brothers Cuts NOL Target To S$2.60 from S$3.07

7. Singapore Airlines Target Cut To S$19 Vs S$22 By DBS Vickers

8. Goldman Cuts CDL Hospitality Target to S$2.03 from S$2.52

9. Goldman Cuts CapitaRetail China Target to S$1.22 from S$1.46, Keeps Sell

10. China XLX +2.8%;1H08 Beat Forecasts, Buy rating target S$1.20 - UOB-KayHian

11. Suntec REIT +2.6%; 3Q Results Beat Forecast, nudges target price up to S$1.76 from S$1.74 - CS

12. CIMB Cuts CDL Hospitality Trusts To Neutral, Cuts target price to S$1.78 from S$2.38

13. CDL Hospitality +1.4% But Outlook Challenging, Equal-weight rating unchanged S$1.85 target price -MS

14. Singapore corporate earnings have mostly been in line so far, but there may be more surprises ahead, says Credit Suisse

15. Singapore Added 70,600 New Jobs In 2, Unemployment Rate 2.3% Vs 2.0% In 1Q - Ministry

16. CIMB Cuts Keppel Land To Neutral, Cuts target price to S$5.68 from S$6.68

17. Macquarie Prime REIT +0.9%; cuts target price to S$1.28 from S$1.42 - UBS

18. DBS Vickers Cuts Allco REIT Target to S$0.93 from S$1.26, Keeps Buy

19. UOB-KH Cuts CDL Hospitality Target to S$2.11 from S$2.40; Keeps Buy

20. UBS Cuts CapitaRetail China Target price to S$1.54 from S$1.71 , Keeps Buy

21. Singapore's high beta stocks may be good way to play what looks like bear market rally, says Credit Suisse

22. CLSA Cuts Suntec REIT To Sell, Lowers Target to S$1.45 from S$1.69

23. China Zaino Rated Buy, S$0.61 Target -Phillip Sec

24. CIMB Ups SIA Target To S$17.75 from S$16.50, Keeps Neutral

25. Straits Asia Resources extends earlier gains as investors digest recent bullish update from parent Straits Resources, Buy rating with unchanged S$5.20 target price -- UBS