1. WALL STREET: Stocks fell as financials suffered. Dow down 0.9%, Nasdaq off 0.1%
2. City Developments 2Q Net S$165.2M Vs S$194.4M; Poll S$186M
3. DBS Target Cut To S$18.70 From S$19.90 By Goldman Sachs
4. Yangzijiang Target Cut To S$0.65 From S$1.05 By HSBC
5. Singapore Telecom Target Cut To S$3.84 Vs S$4.43 By Daiwa; downgrade to hold
6. Genting May Slip On 2Q08 Loss;S$0.50 Support Eyed
7. JPMorgan upgrades Parkway Holdings (P27.SG) to Neutral from Underweight, target price of S$2.20
8. UBS cuts Hyflux target price to S$2.95 from S$3.60; maintains Neutral rating
9. Citigroup says stay defensive as STI bear market, now in 45th week, probably only about two-thirds through, could drag until early 2009 and last as long as the 2000/01 tech slump (91 weeks) or 1997/98 Asian financial crisis (82 weeks)
10. Keppel Corp +0.6%; Rig Win Positive - Goldman
11. Tat Hong +2.9% On Strong Results; S$1.53 Cap
12. OCBC Investment Research cuts Pacific Shipping Trust target to US$0.41 from US$0.48; maintains Buy rating
13. Swiber +6.0% On Stellar 2Q, Bullish Outlook
14. Credit Suisse downgrades ComfortDelgro to Underperform from Neutral, cuts target price to S$1.55 from S$1.80
15. CIMB upgrades Parkway Holdings to Neutral from Underperform following 2Q08 results; maintains S$2.71 target price
16. Epure +4.6%; Order Book Underpins Growth - CIMB
17. Macq Cuts HK Exchanges To Neutral From Outperform
18. DBS Vickers downgrades First Resources to Hold from Buy, cuts target price to S$0.95 from S$1.40
19. DBS Vickers cuts target price for SC Global to S$1.25 from S$1.60
20. Yanlord Target Cut To S$3.07 From S$3.15 By CIMB
21. ComfortDelGro Target Cut To S$1.25 From S$1.45 By Goldman
22. CLSA upgrades Yangzijiang to Underperform from sell due to recent weak share price performance; maintains S$0.64 target price
23. Phillip Securities upgrades Sinwa (5CN.SG) to Buy from Hold. Raises fair value to S$0.34 from S$0.33
24. CIMB maintains Neutral rating on Genting International (G13.SG) after 2Q08 results; keeps target price unchanged at S$0.65.
25. Goldman Sachs cuts ComfortDelGro target price to S$1.25 from S$1.45; maintains Sell rating
26. Tat Hong +10.7%; Recent Concerns Overdone, retains Buy call, S$2.70 target - DBSV
27. Noble Group 2Q Net Profit $122.5M Vs $55.7M
28. Wilmar International 2Q Net Pft US$331.7M Vs Poll US$220.7M
