Thursday, September 11, 2008

Market Daily -- 11th Sep 08

19. Golden Agri-Resources, Jardine Matheson To Join Singapore's STI

18. Yangzijiang, ThaiBev Removed From Straits Times Index

17. Biosensors Flat; Downtrend Ending - AmFraser

16. CIMB Bank To Sell S$200M In Preferred Shares - Source

15. Singapore Banks Tumble; May Hurt STI Further

14. Buy HK, India Banks; Avoid Singapore Fincls - ML

13. Kim Eng Securities downgrades Sembcorp Marine to Hold from Buy. Cuts target price to S$3.54 from S$4.95

12. DBS Vickers downgrades United Engineers to Hold from Buy. Cuts target price to S$2.48 from S$4.35

11. Singapore-listed palm oil stocks heading lower, underperforming as continued retreat in oil price stokes fears of falling palm oil prices

10. Fundamentals of rig industry remain intact despite concerns of slowdown in demand due to pullback in oil prices, says Citigroup

9. Merrill Lynch downgrades UOB to Neutral from Buy, cuts target price to S$20.00 from S$24.00

8. SMRT may outperform after public transport operator posts 11.7% on-year rise in August ridership to 44.2 million passengers

7. Olam has little fundamental exposure to commodity price risk, looks oversold, says Daiwa

6. Merrill Lynch downgrades OCBC to Underperform from Buy, cuts target price to S$8.00 from S$10.00

5. Chartered Semiconductor Target Cut To S$0.47 Vs S$0.72 - OCBC

4. Merrill Lynch downgrades DBS to Underperform from Neutral, cuts target price to S$16.00 from S$20.00

3. SembMarine May Rise On Latest S$99M Order Win

2. First Resources Target Cut To S$1.20 Vs S$1.60 By Macquarie

1. WALL STREET: Stocks bounced though gains lost steam late in day, with commodity plays getting some interest after recent falls but concerns about Washington Mutual, Lehman Brothers intensifying; DJIA +38.19 points or 0.3% after being up as much as 159 points, Nasdaq +0.9%