Thursday, September 18, 2008

Market Daily -- 18th Sep 08

26. Singapore Property Developers Best Avoided - MS

25. Asian Stks Come Off Lows; Ctrl Bks Pump Money

24. Palm Oil Plays Up; CLSA Cautious On Outlook

23. MIIF Down 27.3%; Macquarie Fears Overdone - JPM

22. SMRT Target Raised To S$2.10 From S$1.95 By Goldman

21. STI Bearish On Charts; Immediate Support At 2243

20. Singapore MAS Injected S$4B Into Money Mkt This Week-Traders

19. MP REIT, FSL Trust Hit By AIG Stake Sale Worries

18. Ascott Residence Target Cut To S$1.13 From S$1.61 By Daiwa

17. Indofood Agri Target Cut To S$0.90 From S$1.53 By CIMB

16. Golden Agri Target Cut To S$0.42 From S$0.65 By CIMB

15. Wilmar Target Cut To S$3.60 From S$4.60 By CIMB

14. Jardine C&C Target Cut To S$16.60 From S$19.50 By Goldman

13. CIMB Cuts STI Target To 3000 From 3280; Keeps Neutral Rating

12. CapitaMall Off 9.7%; CEO Exit A Surprise - UBS

11. Asian shares are falling hard Thursday after a large drop on Wall Street, with ongoing volatility spurred by one question: Which will be the next big U.S. bank to be sold?

10. S'pore Property, Bks At Risk From Slower Growth-CS

9. Credit Suisse cuts Parkway Holdings target price to S$3.22 from S$3.45; maintains Outperform rating

8. Credit Suisse cuts Raffles Medical target price to S$1.65 from S$1.80; maintains Outperform rating

7. Wilmar International Target Cut To S$4.15 Vs S$5.55 By Macq

6. FerroChina Target Cut To S$1.24 Vs S$2.36 By OCBC; Keeps Buy

5. The Monetary Authority of Singapore said the trustee for Lehman Brothers Holdings Inc.'s minibond notes sold in Singapore is currently evaluating options for investors

4. HSBC downgrades Cosco Corp. to Underweight from Neutral; slashes target price to S$1.30 from S$3.00

3. Wilmar Target Cut To S$3.70 From S$4.90 By Goldman Sachs

2. Indofood Agri Target Cut To S$1.15 From S$2.40 By Goldman

1. WALL STREET: Stocks slid with DJIA falling more than 400 points to lowest level in more than 2 years, led by insurer AIG and two remaining Wall Street giants - Morgan Stanley, Goldman Sachs; DJIA ended off 4.1% at 10609.66, lowest close in almost 3 years with S&P 500 off 4.7% at lowest close in more than 3 years, Nasdaq off 4.9%, biggest drop since 1st session after Sept. 11, 2001.