Tuesday, August 26, 2008

Market Daily -- 26th Aug 08

27. Singapore-listed China stocks, or S-chips, could benefit from a rebound in the Hong Kong's Hang Seng Index (HSI), says Credit Suisse

26. Singapore July Manufacturing Down 21.9% On Year
-- Singapore July Biomedical Output Down 67.4% On Year
-- Singapore July Electronics Output +5.9% On Year
-- Singapore July Transport Engineering Mfg +5.7% On Year

25. Singapore Mfg Dn 21.9% On-Yr; Pharma Output Drags

24. Temasek Made S$32B New Investments Last FY Vs S$16B Yr Ago

23. UOB Kay-Hian maintains Buy on GuocoLand, keeps target price of S$3.20

22. DMG&Partners maintains Singapore Telecom target price at S$4.05, keeps Buy rating

21. Silverlake Axis Target Cut To $0.49 From $0.56 By Kim Eng

20. China XLX Started At Buy By DBS Vickers; S$0.68 Target

19. AusGroup Target Cut To S$0.60 From S$1.33 By OCBC

18. CIMB downgrades Olam to Underperform from Outperform; cuts target price to S$1.93 from S$3.49

17. UBS cuts Keppel Land target price to S$4.00 from S$4.80; maintains Neutral rating

16. UBS cuts City Developments target price to S$10.50 from S$12.30; maintains Neutral rating

15. Raffles Education Target Cut To S$1.52 From S$2.01 By CIMB

14. UBS cuts Suntec REIT target price to S$1.60 from S$2.17; maintains Buy rating

13. UBS downgrades K-REIT to Sell from Neutral, target to S$0.93 from S$1.47

12. MAS To Focus More On Growth As Inflation Eases-JPM

11. AusGroup Target Cut To S$0.95 From S$1.80 By JPMorgan

10. PREVIEW: Singapore Manufacturing Likely Contracted in July

9. UBS downgrades CapitaCommercial Trust to Neutral from Buy; cuts target price to S$1.78 from S$2.86

8. UBS downgrades Allgreen Properties to Neutral from Buy; cuts target price to S$0.85 from S$1.35

7. UBS downgrades Macquarie Prime REIT to Sell from Buy; cuts target price to S$0.95 from S$1.28

6. GuocoLand Target Cut To S$2.70 From S$3.72 By JPMorgan

5. GuocoLand Target Cut To S$2.02 From S$2.87 By DBS Vickers

4. Keppel Corp Resumed At Outperform By Daiwa; S$10.60 Target

3. SembMarine Resumed At Underperform By Daiwa; S$3.50 Target

2. ST Engineering Resumed At Hold By Daiwa; S$3.00 Target

1. WALL STREET: DJIA fell more than 200 points in light volume as worries about health of mortgage-finance and housing markets kept financials under pressure; ended down 241.81 points or 2.1% at 11386.25, biggest point drop since July, with Nasdaq off 2% at 2365.59