Friday, August 22, 2008

Market Daily -- 22nd Aug 08

20. A-REIT Unlikely To Eye Overseas Assets N/T - CIMB

19. S'pore Banks' Capital Solid; DBS Top Pick-JPM

18. DMG & Partners maintains Thomson Medical Centre at Buy, keeps target price at S$0.76

17. Singapore's Neptune Orient Lines Ltd. and a City of Hamburg consortium are the only bidders in the race to acquire container shipper Hapag-Lloyd from Germany's TUI AG

16. Kim Eng Securities downgrades FJ Benjamin to Hold from Buy. Cuts target price to S$0.31 from S$0.70

15. UOB KayHian cuts target price for Synear Food to S$0.58 from S$0.72. But keeps Buy call

14. United Fiber builds on gains made earlier in week, buoyed by stake building by OCBC's (O39.SG) founding Lee family; shares +12.5% at S$0.09

13. NRA Capital starts Leeden Ltd at Hold rating with S$0.41 target price

12. Daiwa cuts target price for Noble Group to S$3.06 from S$3.67

11. Goldman Sachs downgrades Singapore Petroleum Co. to Neutral from Buy. Cuts target price to S$6.30 from S$8.65

10. DBS Vickers maintains Jaya Holdings at Buy, keeps target price at S$2.07

9. Singapore Palm Plays Higher On Oil Price Boost

8. OCBC Investment Research resumes Frasers Centrepoint Trust at Hold, sets S$1.20 target price

7. Credit Suisse downgrades Yangzijiang to Neutral from Outperform, cuts target price to S$0.63 (10X FY09 P/E) from S$1.20

6. Sinotel Technologies Started At Buy, S$0.27 Target By Phillip

5. Starhub Fair Value Cut To S$3.00 From S$3.44 By Nomura

4. China Hongxing Sports may recoup some recent losses after company says it clocked up strong orders at recent trade fair

3. First Resources Target Cut To S$1.42 Vs S$2.20 By Citigroup

2. Cosco Corp Target Cut To S$2.20 From S$2.95 By CLSA

1. WALL STREET: Selling of mortgage-oriented stocks like AIG, buying of commodity stocks offset each other, leaving market more or less flat in the end; DJIA +0.1%, Nasdaq off 0.4%