Friday, August 29, 2008

Market Daily -- 29th Aug 08

18. Singapore Govt:Cuts Charge For Residential Developments By 6%

17. Tata Steel: No Immediate Plan To List Singapore Unit Overseas

16. Evraz CEO: Expect China Approval For Delong Buy In September; China OK Would Give Evraz Option To Up Delong Stake To 51%

15. Raffles Ed +5.0%; New China School Positive - ML

14. Olam Target Cut To S$2.98 From S$3.51 By DBS Vickers

13. Goldman Sachs cuts target prices for Singapore property developers, says outlook remains challenging

12. Singapore M1 Money Supply July S$73.08 Bln Vs S$60.08 Bln

11. UBS lowers Tiong Woon target price to S$0.58 from S$1.08; maintains Buy rating

10. Swissotel In Singapore For Sale; May Fetch S$380M - Report

9. Allgreen Target Cut To S$0.90 From S$1.12 By Goldman Sachs

8. Keppel Land Target Cut To S$4.66 From S$5.90 By Goldman

7. CityDev Target Cut To S$9.10 From S$9.80 By Goldman Sachs

6. CapitaLand Target Cut To S$5.20 From S$6.40 By Goldman Sachs

5. Macquarie upgrades SGX to Outperform from Neutral; raises target price to S$7.61 from S$6.90

4. Sim Lian Target Cut To S$0.61 From S$0.80 By BNP Paribas

3. UOL Started At Neutral By Goldman Sachs; S$3.42 Target

2. Wing Tai Started At Sell By Goldman Sachs; S$1.12 Target

1. WALL STREET: Stocks confounded concerns about the weather and financial stocks to turn in some gains, taking cue from revised 2Q GDP reading; DJIA +1.9%, Nasdaq +1.2%