1. Morgan Stanley downgrades UOB to Underweight from Equal-weight; cuts target price to S$16.00 from S$18.50
2. UBS cuts SembMarine target price to S$5.00 from S$5.40, maintains Buy rating after 2Q08 results
3. Morgan Stanley downgrades Chartered Semiconductor to Underweight from Overweight; slashes target price to S$0.43 from S$1.10
4. BNP Paribas upgrades UOB to Hold from Reduce, raises target price to S$20.20 from $18.70 after 2Q08 results
5. Asian stock markets are solidly higher early Wednesday, taking their cue from overnight gains on Wall Street following the U.S. Federal Reserve's decision to leave its key interest rates unchanged
6. OCBC Investment Research resumes SembMarine at Buy, sets S$4.98 target price following 2Q08 results
7. Rickmers Maritime +0.9%; 1H In Line; maintains Buy call with unchanged S$1.22 target price - OCBC
8. CIMB downgrades China Hongxing Sports(BR9.SG) to Neutral from Outperform; cuts target price to S$0.53 from S$0.86
9. Celestial +3.4%; 2Q Sales Momentum Strong - CIMB
10. Phillip Securities maintains Cosco Corp. at Buy but cuts target price to S$3.44 from S$6.70
11. JPMorgan maintains SembCorp Marine at Overweight but cuts target price to S$4.80 from S$5.20
12. DBS Off 0.5% But CDO Fears Overdone - JPMorgan
13. Kim Eng raises UOB target price to S$20.80 from S$20.00 to reflect roll forward of valuation basis to FY09; maintains Hold rating
14. Neptune Orient Lines 2Q net profit expected 13% higher at US$105 million vs US$93 million year earlier on higher freight rates, volumes, according to Dow Jones Newswires poll of four analysts
15. StarHub 2Q Net Profit S$64.2M Vs S$80.8M; Poll S$83.6M
16. Singapore Airlines Started At Buy By CLSA, S$19.00 Target
17. Venture Corp 2Q Net Profit S$65.6M Vs S$78.7M
18. Sembcorp Industries 2Q Net S$138M; Poll S$136M
