Wednesday, August 27, 2008

Market Daily -- 27th Aug 08

35. S'pore Land Transport Beneficiary Of Oil Fall-DMG

34. DMG cuts Tiong Woon target price to S$0.56 from S$1.29, maintains Buy rating

33. Citigroup cuts 12-month STI target to 2860 from 2980 to reflect downgrade of target prices for Singapore banks

32. DBS Group Equity Research recommends Singapore water sector Positive on steady flow of big contract wins, special gains

31. Merrill Lynch cuts Suntec REIT target price to S$1.24 from S$1.38; maintains Underperform rating

30. Merrill Lynch cuts K-REIT Asia target price to S$1.13 from S$1.38; maintains Underperform rating

29. Merrill Lynch downgrades CapitaCommercial Trust to Neutral from Buy, cuts target price to S$1.80 from S$2.28

28. Merrill Lynch upgrades SC Global to Neutral from Underperform, but cuts target price to S$0.91 from S$1.00

27. Merrill Lynch downgrades CapitaLand to Underperform from Buy; slashes target price to S$3.70 from S$7.27

26. Merrill Lynch downgrades City Developments to Neutral from Buy; slashes target price to S$10.90 from S$16.30

25. K-REIT Target Cut To S$1.13 From S$1.38 By Merrill Lynch

24. Suntec REIT Target Cut To S$1.24 From S$1.38 By Merrill

23. Kim Eng cuts Tiong Woon target price to S$0.66 from S$1.23, keeps Buy rating

22. Kim Eng cuts Wing Tai target price to S$2.17 from S$2.57, keeps Buy rating

21. StarHub:Not In Talks With Vibo Telecom About Taking Stake

20. UOB-Kay Hian maintains Singapore Post at Hold, keeps S$1.07 target

19. Citigroup downgrades Raffles Education to Hold from Buy; cuts target price to S$0.95 from S$1.50

18. DBS Group Research cuts Ascendas India Trust target to S$0.91 from S$1.01 but keeps Buy call

17. Tiong Woon Target Cut To S$0.58 From S$1.21 By CIMB

16. CLSA cuts CapitaMall Trust target price to S$3.49 from S$3.67; maintains Buy rating

15. Neptune Orient Lines Ltd. hasn't decided whether to place a formal offer for Germany-based TUI AG's Hapag-Lloyd after placing a preliminary bid in July, a spokesman for the Singapore-based shipping company said Wednesday

14. Lehman cuts StarHub target price to S$3.08 from S$3.80; maintains Overweight rating

13. Wing Tai Target Cut To S$1.23 From S$1.69 By Credit Suisse

12. Lehman downgrades SingTel to Equalweight from Overweight, cuts target price to S$3.75 from S$4.50

11. OCBC Investment Research downgrades Genting International to Hold from Buy; cuts target price to S$0.63 from S$0.76

10. K-REIT Asia Target Cut To S$1.25 from S$1.42 By Macquarie

9. Noble Target Cut To S$2.29 From S$2.65 By Nomura

8. Wing Tai Target Cut To S$1.45 From S$2.27 By Deutsche

7. StarHub Target Cut To S$3.08 From S$3.80 By Lehman

6. S'pore Mkt Vulnerable To A Bank Stock Selloff

5. CapitaCommercial Target Cut To S$2.29 From S$2.82 By CLSA

4. OCBC Target Cut To S$7.60 From S$8.35 By Citi; Keeps Sell

3. UOB Target Cut To S$17.60 From S$19.65 By Citi; Keeps Sell

2. DBS Cut To Sell From Buy By Citigroup; S$16.75 Target

1. WALL STREET: Stocks mostly higher as financials regained some ground and as GSEs Fannie Mae, Freddie Mac continued their rebound; DJIA +0.2%, S&P 500 +0.4%, Nasdaq though off 0.2%