Friday, August 15, 2008

Market Daily -- 15th Aug 08

1. WALL STREET: Stocks rose as General Motors jolted higher on visions of battery-driven future, financial stocks rebound. Dow +0.7%, Nasdaq +1.0%

2. CIMB cuts target price for CityDev to S$13.05 from S$14.05

3. CityDev Target Cut To S$14.90 Vs S$16.40 By Deutsche Bank

4. CityDev Target Cut To S$9.54 From S$10.20 By Credit Suisse

5. Nomura upgrades DBS (D05.SG) to Buy from Neutral. Keeps fair value at S$22.20

6. Tat Hong Holdings Target Cut To S$1.75 From S$3.25 By Citi

7. Deutsche Bank cuts target price for CityDev to S$14.90 from S$16.40

8. Credit Suisse restarts Allco Commercial REIT at Neutral with S$0.88 target price

9. OCBC Investment Research downgrades China Oilfield Technology Services to Hold from Buy. Sets fair value at S$0.19

10. OCBC Investment Research downgrades Hotel Grand Central to Hold from Buy, cuts fair value to S$0.88 from S$1.25

11. CityDev Target Cut To S$12.16 From S$12.90 By DBS Vickers

12. Citigroup cuts Tat Hong target price to S$1.75 from S$3.25; maintains Buy rating

13. Goldman Sachs cuts People's Food target price to S$1.10 from S$1.30; maintains Neutral rating

14. DBS Vickers upgrades Wheelock Properties Singapore to Hold from Fully Valued lowers target price to S$1.59 from S$1.88

15. Singapore Palm Plays Fall;Look Oversold-Macquarie

16. City Developments Target Cut To S$13.05 S$14.05 By CIMB

17. Noble Off 4.3%; Prospects Still Strong - Analysts

18. City Developments Target Cut To S$9.80 From S$10.50 By GS

19. Genting International Target Cut To S$0.56 From S$0.69 By GS

20. Wilmar Off 3.6% On Oil Cue, Cautious Outlook

21. Goldman Sachs cuts Indofood Agri target price to S$3.10 from S$3.20; maintains Buy rating

22. Yongnam +3.6%; 2Q Results Beat Forecast. Maintains Outperform rating, but lowers target price to S$0.24 from S$0.35 - CIMB

23. Goldman Sachs maintains Genting International at Neutral but lowers target price to S$0.56 from S$0.69

24. DBS Vickers cuts target price for CityDev to S$12.16 from S$12.90

25. Wilmar: To Continue Expanding Plantations, Manufacturing

26. Wilmar CEO: Crude Palm Oil Prices Likely To Stabilize

27. DJ China Essence Target Cut To S$0.75 From S$0.88 By Daiwa

28. China Lifestyle Food Downgraded To Sell From Hold By Daiwa

29. City Developments Target Cut To S$10.58 From S$13 By Daiwa

30. Kim Eng Research cuts China Sports International target price to S$0.66 from S$0.88 but maintains Buy rating