Thursday, August 28, 2008

Market Daily -- 28th Aug 08

13. S'pore Property Stks Lower; Outlook Negative-CLSA

12. DBS cuts Santak Holdings target price to S$0.22 from S$0.23

11. Polaris International In Talks With DBS On Islamic Finance JV

10. DBS Vickers downgrades SIA Engineering to Hold from Buy; slashes target price to S$2.70 from S$4.10

9. China Farm Equipment Target Cut To S$0.56 From S$0.88 By DMG

8. SPH Flat; Safe Haven Despite Macro Fears - JPM

7. Koda Target Cut To S$0.285 From S$0.565 By OCBC; Keeps Buy

6. Olam +3.6% But Risks Still On Downside - CLSA

5. CIMB starts Parkway Life REIT at Outperform; sets S$1.46 target price

4. Credit Suisse downgrades Saizen REIT to Underperform from Neutral; cuts target price to S$0.57 from S$0.85

3. STI May Rise;Bottom Out In Coming Months-AmFraser

2. Morgan Stanley upgrades STX Pan Ocean to Overweight from Equal-weight; but cuts target price to S$3.00 from S$3.80

1. WALL STREET: Stocks up in light volume on signs of growth in some areas of economy, though concerns about potential hurricane kept lid on gains; DJIA +89.64 points or 0.8% (was +142 points at one stage), Nasdaq +0.9%