Monday, August 18, 2008

Market Daily -- 18th Aug 08

35. STX Pan Ocean Withdraws Application For New Securities Co

34. CIMB keeps Singapore Exchange Ltd target price at S$8.90, maintains Outperform

33. S'pore Commodity Plays Fall; To Underperform-DBS

32. UBS cuts 12-month (to mid-2009) target for STI to 3150 from 3450

31. Singapore's July Exports Fall As US Demand Fizzles

30. OCBC Investment Research maintains Neutral rating on Singapore property sector after July transaction data release

29. SIA Target Cut To S$13.30 Vs S$13.50 By Goldman; Keeps Sell

28. Wilmar Target Raised To S$6.40 From S$6.20 By GS; Keeps Buy

27. Exports From Asia To Follow Singapore Lower-Citi

26. Singapore Exports Fall As-Expected - Action Econ

25. Singapore's Exports To US, EU May Worsen -HSBC

24. Singapore July Exports Down 5.7%; US, EU Drag

23. Singapore July Non-Oil Exports -5.7% On Yr Vs -5% Poll

22. Singapore's July Non-Oil Exports To US -33.1% On Year

21. Singapore's July Non-Oil Exports To EU -26.9% On Year

20. Singapore's July Electronics Exports -14.2% On Year

19. Singapore's July Non-Electronics Exports +0.3% On Year

18. DMG & Partners maintains Sino Techfibre at Buy, keeps target price at S$1.08 on healthy top line growth, expectation of new PMP product in near future

17. JPMorgan cuts FerroChina target to S$1.10 from S$1.25

16. Singapore-listed China stocks, or S-chips, tumble, tracking poor sentiment in Chinese equity market

15. DMG & Partners cuts Nera Telecommunications target price to S$0.40 from S$0.54, maintains Buy rating

14. Citigroup reiterates Yanlord Land target price at S$4.03, keeps Buy rating

13. Credit Suisse lifts target price for Yongnam to S$0.29 from S$0.22. Maintains Outperform rating

12. Ezra Holdings Started At Outperform By CIMB; S$3.08 Target

11. Singapore property stocks marginally outperforming market after July property market data shows uptick in units sold

10. Nomura raises fair value for Asia Pacific Breweries to S$14.18 from S$12.97. keeps Neutral call

9. City Developments Target Cut To S$10.58 Vs S$13.00 By Daiwa

8. JPMorgan slashes Tat Hong target price to S$2.00 from S$4.20 but maintains Overweight rating

7. DBS Vickers upgrades Yanlord Land to Buy from Hold. cuts target price to S$2.06 from S$2.71

6. Wilmar Target Cut To S$4.80 From S$5.40 By CS; Keeps Neutral

5. ComfortDelGro Target Cut To S$1.60 From S$2.48 By UBS

4. Yanlord Land Target Cut To S$2.35 From S$4.80 By Macquarie

3. Thai Beverage Target Cut To S$0.27 From S$0.30 By JPMorgan

2. Singapore's July exports likely down 5.0% on-year vs 10.5% fall in June on continued weakness in electronics, according to median forecast from Dow Jones poll of 8 economists

1. WALL STREET: Stocks finished broadly higher Friday on lower crude oil prices. Dow +0.4%, Nasdaq off 0.05%