Monday, September 22, 2008

Market Daily -- 22nd Sep 08

31. Federal Reserve granted permission for the last two major investment banks -- Goldman Sachs and Morgan Stanley -- to become bank holding companies in order to stay in business.

30. Credit Suisse downgrades Sembcorp Marine to Underperform from Neutral, cuts target price to S$2.90 from S$3.90

29. Singapore August CPI likely +6.2% on year, shows Dow Jones poll, moderating from +6.5% in July

28. Credit Suisse downgrades Yangzijiang to Underperform from Neutral, cuts target price to S$0.50 from S$0.63

27. Cosco Corp Target Cut To S$1.20 From S$2.25 By Credit Suisse

26. Keppel Corp Target Cut To S$7.20 Vs S$9.80 By Credit Suisse

25. Sembcorp Ind Target Cut To S$4.20 Vs S$5.20 By Credit Suisse

24. Singapore Banks Robust, Attractively Valued - GS

23. Nomura Wins Auction Of Lehman Brothers Asia Assets - Sources

22. US To Join Budding Asia-Pacific Free Trade Agreement

21. Asian Shares Rise But Gains Modest, US Cue Awaited

20. Nomura Is Frontrunner For Lehman's Asia Ops; Nomura Made Highest Bid For Lehman's Asia Ops - Sources

19. Barclays, Nomura Bid To Buy Lehman Asia Ops - Sources

18. StanChart Bids To Buy Lehman Operations In Asia - Sources

17. CapitaRetail China Trust Target Cut To S$0.87 from S$1.30 By Daiwa

16. King's Safetywear Likely Up; S$0.438 Offer Eyed

15. UOB Intl Offers To Buy 38.87% Bk UOB Buana Public Shares

14. UBS upgrades Parkway Life REIT to Buy from Neutral, keeps S$1.14 target price

13. UBS upgrades Macquarie Prime REIT to Buy from Sell, S$0.95 target price unchanged

12. Jardine Strat Target Cut To $15.40 Vs $19.40 By Citigroup

11. Singapore Press Hldgs Target Cut To S$4.65 Vs S$5.15 By JPM

10. Sembcorp Ind Target Cut To S$4.80 From S$5.50 By JPMorgan

9. Hyflux Target Cut To S$3.00 From S$3.80 By JPMorgan

8. Jaya Target Cut To S$1.65 From S$2.20 By JPMorgan

7. Ezra Target Cut To S$2.85 From S$4.00 By JPMorgan

6. Cosco Corp Target Cut To S$2.50 From S$3.00 By JPMorgan

5. Keppel Corp Target Cut To S$12.00 From S$16.00 By JPMorgan

4. SembMarine Target Cut To S$4.20 From S$4.80 By JPMorgan

3. Olam Target Cut To S$2.50 From S$3.70 By JPMorgan

2. Asia Mkts To Rise But Sustaining Gains Not Easy

1. WALL STREET: Stocks rallied Friday on U.S. government's US$700 billion rescue package. Dow +3.4%, Nasdaq +3.4%