Monday, August 25, 2008

Market Daily -- 25th Aug 08

43. CIMB Cuts China Yuanbang Target To S$0.13

42. Macquarie Prime REIT Target Cut To S$0.95 From S$1.28 By UBS

41. K-REIT Asia Target Cut To S$0.93 From S$1.47 By UBS

40. Keppel Land Target Cut To S$4.00 From S$4.80 By UBS

39. City Developments Target Cut To S$10.50 From S$12.30 By UBS

38. Parkway Life REIT Target Cut To S$1.14 From S$1.73 By UBS

37. CapitaCommercial Trust Target Cut To S$1.78 Vs S$2.86 By UBS

36. Ascott Residence Trust Target Cut To S$0.95 Vs S$1.40 By UBS

35. Allgreen Properties Target Cut To S$0.85 From S$1.35 By UBS

34. Suntec REIT Target Cut To S$1.60 From S$2.17 By UBS

33. Mapletree Logistics Trust Tgt Cut To S$0.82 Vs S$1.41 By UBS

32. MacarthurCook Industrial REIT Target Cut To S$0.94 from $1.30 By UBS

31. Lippo-Mapletree Indonesia Target Cut To S$0.67 From S$1 -UBS

30. Frasers Centrepoint Trust Tgt Cut To S$1.42 Vs S$1.83 -UBS

29. CapitaRetail China Trust Target Cut To S$1.23 Vs S$1.54 -UBS

28. CapitaMall Trust Target Cut To S$3.08 From S$4.25 By UBS

27. Cambridge Industrial Trust Target Cut To S$0.71 from $0.99 By UBS

26. Ascendas REIT Target Cut to S$2.64 From S$3.28 By UBS

25. CapitaLand Target Cut To S$5.50 From S$7.00 By UBS

24. CIMB Cuts China Yuanbang Target To S$0.13 From S$0.15

23. DMG downgrades IFS Capital to Neutral from Buy; cuts target price to S$0.65 from S$0.86

22. UBS upgrades CDL Hospitality Trusts to Buy from Neutral but cuts target to S$1.35 from S$1.80

21. CIMB keeps Creative Technology target price at S$4.55, retains Underperform rating

20. CIMB maintains Wilmar at Neutral, target at S$4.60 on unchanged 19x forward P/E

19. S-Chips May Get Boost From China Mkt Rally - DBS

18. Singapore July CPI +6.5% On Year; Dow Jones Poll +6.2%
-- Singapore Adjusted July CPI +0.4% On Month, Poll +0.7%
-- Singapore's July Food Costs +8.5% On Year
-- Singapore's July Transport Costs +3.4% On Year
-- Singapore's July Housing Costs +12.5% On Year

17. PREVIEW: Singapore Manufacturing Likely Contracted in July

16. GuocoLand +0.5%; FY08 Below Forecast - Goldman

15. China Hongxing Target Cut To S$0.55 From S$0.90 By DBS

14. SingTel +1.2%; Deal Is Small Positive - Analyst

13. Credit Suisse maintains Underweight call on Singapore market, says consensus earnings estimates may be vulnerable to further downgrades

12. GuocoLand Target Cut To S$2.50 From S$3.00 By Goldman Sachs

11. Citigroup upgrades CapitaMall Trust to Buy from Hold, keeps target at S$3.30

10. STI +1.0%; Oil Fall Good For Stocks - Strategist

9. Noble Off 0.5%; Top Mgmt Exit A Surprise - OCBC

8. OCBC Investment Research downgrades Micro-Mechanics to Hold from Buy; cuts target price to S$0.69 from S$0.74

7. PREVIEW: Singapore's Inflation Likely Down In July From Peak

6. Temasek Sells 60% Of Singapore Computer To SingTel For S$140M

5. CLSA Downgrades SGX To Sell; S$4.80 Target

4. Keppel Corp Target Cut By S$13.00 From S$13.20 By Goldman

3. Caltex Raised To Neutral From Underperform By Credit Suisse

2. WALL STREET: Stocks gained upper hand as oil fell back sharply, but declined for the week on concerns about Freddie Mac, Fannie Mae; DJIA +1.7% Friday (down 0.3% for week, 2nd week of declines), Nasdaq +1.4%

1. Daiwa Tips Kingboard Laminates 1H08 Net Profit +7%