1. SIAS Research starts Mercator Lines Singapore (EE6.SG) at Buy with S$0.66 target price, implying 4.2X FY09 earnings
2. Credit Suisse cuts CapitaLand (C31.SG) target price to S$5.16 from S$6.75; maintains Neutral rating
3. Goldman Sachs raises Wilmar target price to S$6.20 from S$6.00; reiterates Buy rating
4. OCBC Investment Research restarts Rotary Engineering at Buy with S$1.13 fair value, pegged at 10X FY08-09 P/E
5. UBS cuts CapitaLand target price to S$7.00 from S$8.20; maintains Buy rating
6. Goldman Sachs cuts CapitaLand target price to S$6.40 from S$6.80; maintains Neutral rating
7. Citigroup downgrades Jardine Matheson to Sell from Hold; cuts target price to US$31.00 from US$34.75
8. Temasek Holdings Pte. Ltd. is not bidding for a stake in Hong Kong-based PCCW Ltd. (0008.HK) unit HKT Group Holdings Ltd., two people familiar with the matter said Monday
9. Cosco Corp. may post 42% growth in net profit in 2Q at S$114.4 million vs S$80.4 million in 2Q 2007 -- Poll
10. Citigroup cuts CapitaLand target price to S$5.47 from S$5.79; reiterates Sell rating
11. Slower-growth, defensive Asia Ex-Japan telecom shares with high cashflow and dividend yields could continue to perform well if U.S. growth continues to slow, affecting exporters, and global financial system remains under pressure, Credit Suisse says
12. CLSA starts Genting International at Underperform, S$0.57 target, based on sum-of-parts valuation
13. CIMB-GK cuts Capitaland target price to S$6.15 from S$6.86; maintains Neutral rating
14. Kim Eng cuts CapitaLand target price to S$6.56 from S$7.47; maintains Buy rating
15. CIMB downgrades Jadason Enterprises to Underperform from Neutral; cuts target price to S$0.08 from S$0.13
16. Singapore-listed shipbuilders underperforming broad market on concerns over potential order cancellations. Cosco (F83.SG) off 3.6% at more than 3-month low of S$2.93, Yangzijiang (BS6.SG) down 3.1% at S$0.77. Support for Cosco, Yangzijiang expected at respective 52-week lows of S$2.79, S$0.765
17. Neptune Orient Lines Monday said it has appointed Eng Aik Meng as the president of its container shipping business
18. Slowing China growth may mean Singapore-listed China stocks, or S-shares, stay out of favor, says Credit Suisse. Broker notes latest China PMI data dipped, indicates risks to growth rising; "concerns on slower growth in China are likely to weigh further on investor sentiments for S-shares.
19. Sunvic Chemical +1.3% at S$0.385 on firm volume as players expect company to weather slowdown in global economy with its market leadership in China. Orderbook quotes suggest stock unlikely to clear S$0.40 for time being
20. DMG cuts target price for Keppel Land to S$6.09 from S$8.08
21. UOB KayHian cuts CapitaLand target price to S$7.15 from S$8.05 based on reduced valuations for developer's listed entities, lower multiple for its funds business
22. Departing SingTel CFO Appointed Wilmar Intl CFO
23. Cosco Corp 2Q Net Profit S$129M Vs S$80M; Poll S$114M
