Wednesday, September 10, 2008

Market Daily -- 10th Sep 08

27. CLSA Upgrades Jaya Holdings To Buy; S$1.45 Target

26. UOB's Preferred Share Offering Oversubscribed - Sources

25. 4 SGX China Food Cos Potential M&A Targets. Hsu Fu Chi, Synear Food, Celestial Nutrifoods, China Lifestyle F&B possible takeover targets, says Citigroup - Citi

24. S'pore Palm Stocks Tumble; More N/T Downside-DBSV

23. Fund Managers Turning Bearish On Asia Stks - HSBC

22. Noble Group: No Force Majeure On Indonesian Coal Shipments

21. OSK upgrades Singapore Airlines to Buy from Neutral, raises target price to S$17.16 from S$15.80

20. CapitaMall Trust +0.4%; Malls Resilient -Deutsche

19. Yangzijiang Off 1.7%; May Test S$0.49 - Broker

18. BNP Paribas raises SMRT target price to S$2.17 from S$2.02

17. China Hongxing Target Cut To S$0.53 From S$0.88 By Cazenove

16. UOB KayHian upgrades SIA Engineering to Buy from Sell as stock trading below its unchanged target price of S$3.00

15. CIMB downgrades CapitaLand to Underperform from Neutral due to expected weakness in property developer's key markets; slashes target price to $4.21 from S$6.15

14. DBS Vickers Downgrades Keppel Corp To Fully Valued. Cuts target price to S$8.85 from S$12.30

13. CPO Futures May Find Support At MYR2,200/Ton -Analyst Mistry

12. SMRT Target Raised To S$2.17 From S$2.02 By BNP Paribas

11. F1 Race May Boost S'pore Property Stocks - MS

10. Jardine C&C Target Cut To S$19.40 From S$20.09 By DMG

9. Cosco Singapore Target Cut To S$2.07 Vs S$2.46 By DBS Vickers

8. Sembcorp Marine Target Cut To S$3.90 Vs S$4.75 By DBS Vickers

7. OCBC downgrades Singapore shipping trust sector to Neutral from Overweight on concerns over aggressive debt-, equity-driven expansion in current weak investment climate

6. Buy S'pore Banks On Dips, Fears Overdone - JPM

5. Nomura upgrades SembMarine (S51.SG) to Strong Buy from Buy following recent US$425 million order win but trims target price to S$4.86 from S$5.03

4. Singapore Straits Times Index Target Cut To 2820 Vs 2860-Citi

3. FerroChina Target Cut To S$1.55 From S$2.00 By Daiwa

2. Chartered Semi Sees 3Q Revenue At Low End Of Forecast Range

1. WALL STREET: Stocks sank with S&P 500 coming within 10 points of bear-market closing low, as capital-shortage worries shifted from Fannie/Freddie to financials without government guarantees like Lehman, and as commodities continued to fall; DJIA off 2.4%, giving back almost all of Monday's gains, S&P 500 off 3.4%, its biggest percentage drop since Feb. 27, 2007, with Nasdaq off 2.6%