Monday, September 1, 2008

Market Daily -- 1st Sep 08

29. Singapore Technologies Engineering Ltd. Monday said its unit has received a contract worth S$112 million from Singapore's Land Transport Authority to supply equipment for the Mass Rapid Transit operations

28. DBS Vickers cuts SC Global target price to S$1.02 from S$1.25. Keeps Hold call.

27. DBS Vickers downgrades UOL Group to Hold from Buy. Cuts target price to S$3.23 from S$4.04

26. DBS Vickers downgrades Singapore Land to Hold from Buy. Cuts target price to S$6.42 from S$8.80

25. CapitaLand Target Cut To S$5.68 From S$6.10 By DBS Vickers

24. Consensus earnings cuts for Singapore companies have accelerated over the past week, says Credit Suisse; maintains Underweight call on Singapore market

23. CLSA upgrades Raffles Education to Buy from Outperform, but trims target price to S$1.20 from S$1.40

22. CIMB restarts Inter-Roller Engineering at sell with S$0.14 target price

21. SIAS Cuts Food Empire Target To S$0.72 Vs S$0.77. Maintains Buy rating

20. OCBC Target Cut To S$10.30 From S$11.00 By Deutsche Bank

19. STI Off 1.5%; Technical Rebound Soon - AmFraser

18. DMG downgrades Hupsteel to Hold from Buy. Cuts target price to S$0.35 from S$0.43

17. Phillip Securities Research cuts Beauty China target to S$0.70 from S$1.60

16. S'pore Property Sector Not At Trough Yet - CIMB

15. DBS Vickers cuts target price for Hupsteel to S$0.40 from S$0.57

14. Biosensors heading higher, bucking falling market as investors hope update on clinical trials will be positive

13. Delong +1.3%; Evraz's Deal Still Hazy - Analyst

12. UOB KayHian cuts target price for CapitaLand to S$6.50 from S$7.15

11. The Singapore government said Monday it will waive a charge applied to buildings on public property when leases on those sites are granted

10. S'pore Ppty Plays Fall; Charge Cut No Help - OCBC

9. S'pore O&M Plays Good Bets Despite Oil Fall- JPM

8. Singapore Banks' Loan Growth To Slow-Brokers

7. OCBC Investment Research resumes CapitaMall Trust at Buy, sets S$3.21 target price.

6. DBS Vickers downgrades Silverlake Axis to Hold from Buy, cuts target price to S$0.30 from S$0.45

5. Armstrong Indus Started At Buy, S$0.32 Target By Phillip Sec

4. HSBC upgrades Chartered Semiconductor to Neutral from Underweight, S$0.54 target price unchanged

3. Nomura raises Hyflux to Buy from Neutral on valuation grounds but trims target price to S$3.18 from S$3.25

2. WALL STREET: Stocks gave up some ground Friday amid worries about tech bellwether Dell, hurricanes and oil price outlook; DJIA ended off 1.5% (and down 0.7% for the week), Nasdaq down 1.8% (off 1.95% for week),

1. DBS Aims Taiwan Assets To Reach NT$250 Bln In 3 Years -Report