Monday, September 29, 2008

Market Daily -- 29th Sep 08

29. Chemoil Enters India Bunkers Mkt Through JV With Adani Group

28. ST Engineering Target Cut To S$2.80 From S$3.06 By Nomura

27. Congressional leaders, White House reach agreement on $700 billion financial market bailout

26. SingTel Optus: FY09 Rev Growth Tipped In High Single Digits

25. Singapore telecom stocks mixed as investors dismiss news of government awarding mega contract to build city-state's high-speed broadband network

24. Credit Suisse maintains Wing Tai at Underperform, cuts target price to S$0.93 from S$1.23

23. CIMB upgrades China Hongxing Sports to Outperform from Neutral, keeps S$0.53 target price

22. Goldman Sachs downgrades Straits Asia Resources to Neutral from Buy, cuts target price to S$2.15 from S$3.95

21. Allgreen Target Cut To S$0.68 From S$1.01 By Credit Suisse

20. The Singapore market may be poised for recovery with valuations currently around trough levels, says JPMorgan

19. Allco Commercial REIT Target Cut To S$0.60 From S$0.88 By CS

18. Credit Suisse downgrades CapitaMall Trust to Neutral from Outperform. Cuts target price to S$2.58 from S$3.50

17. Credit Suisse downgrades CapitaLand to Underperform from Neutral. Cuts target price to S$2.78 from S$5.16

16. Credit Suisse cuts City Developments target price to S$7.26 from S$9.54; reiterates Underperform rating

15. Credit Suisse downgrades Suntec REIT to Underperform from Neutral, cuts target price to S$0.98 from S$1.76

14. Credit Suisse downgrades CapitaCommercial Trust to Underperform from Outperform. Cuts target price to S$1.26 from S$2.79

13. Credit Suisse downgrades Macquarie Prime REIT to Underperform from Neutral, cuts target price to S$0.76 from S$1.31

12. Credit Suisse downgrades Keppel Land to Underperform from Neutral, slashes target price to S$2.48 from S$5.04

11. City Developments Target Cut To S$7.26 From S$9.54 By CS

10. Singapore Senior Minister Goh Chok Tong said the island state's economy may face challenges next year due to the financial market turmoil in the U.S., the Business Times reported Monday

9. Morgan Stanley upgrades China XLX Fertiliser to Equal-weight from Underweight; but cuts target price to S$0.46 from S$0.75

8. CapitaLand Restarted At Hold, S$3.71 Target By OCBC

7. SPH Target Cut To S$4.34 From S$4.58 By Nomura

6. Chartered Semi Target Cut To S$0.43 From S$0.58 By Macquarie

5. SPH Raises Newspaper Prices On Higher Costs

4. Australand: Asia Indus, Logistics JV With CapitaLand On Hold

3. Neptune Orient Lines Submits Binding Bid For Hapag-Lloyd

2. ST Engineering Unit Gets $393M Contract From US Navy

1. WALL STREET: Stocks closed mixed as investors watched progress of rescue plan and as Washington Mutual's fall underscored scale of credit crisis. Dow +1.1%, Nasdaq down 0.2%