Wednesday, September 17, 2008

Market Daily -- 17th Sep 08

24. AIG Faces Customer Cancellations In Asia Despite US Bailout

23. Sinopec Rig Award To SembMarine Puzzling -Analyst

22. UBS upgrades Golden Agri to Buy from Sell; S$0.52 target price unchanged

21. CLSA downgrades OCBC to Underperform from Outperform, cuts target price to S$8.00 from S$9.70

20. DBS Target Cut To S$18.90 From S$22.50 By CLSA

19. UOB Target Cut To S$20.00 From S$23.10 By CLSA

18. Golden Agri Raised To Buy From Sell By UBS; S$0.52 Target

17. S'pore Exports Likely Worse Than Govt's View -UOB

16. Neptune Orient Lines Favorite To Buy Hapag-Lloyd - Sources

15. Singapore Adj Aug Non-Oil Exports +2.0% On Month

14. S'pore Banks Resilient Amid Credit Turmoil-UOB KH

13. CIMB upgrades ST Engineering to Outperform from Neutral. Keeps target price at S$3.39

12. DBS Vickers starts Mercator Lines Singapore at Buy with S$0.36 target price

11. A-REIT Vulnerable To Negative Newsflow - UBS

10. Westcomb starts Jasper Investments at Buy with S$0.30 target

9. S'pore Market At All-Time Low On Trailing PE. STI trades at 10.1X trailing PE vs 11.2X during Asian crisis and 10.9X during SARS -UBS

8. Suntec REIT Safe From Lehman Woes - DMG

7. Singapore MAS:Monitoring Fincl Institutions,Ready To Inject Liquidity

6. FerroChina Says In Talks With Unnamed Potential Investor

5. SingTel Target Cut To S$3.50 From S$3.55 By Morgan Stanley

4. Neptune Orient Target Cut To S$1.80 From S$2.70 By JPMorgan

3. Sembcorp Marine Gets $229M Rig Order From Sinopec Intl

2. Singapore Aug Exports Tipped Down 8.0% On-Yr:Poll

1. WALL STREET: Stocks bounced after choppy session with all eyes on AIG; DJIA +1.3% after trading in near-350 point range from low to high, with Nasdaq +1.3%