Tuesday, September 30, 2008

Market Daily -- 30th Sep 08

38. UOB KayHian cuts target price for Wing Tai Holdings to S$1.35 from S$1.90

37. S'pore Offshore & Marine Plays Hit By Oil Drop

36. Goldman Expects Singapore Inflation To Avg 6% In 2H

35. Singapore MAS Likely To Ease Policy As Recession Risk Rises

34. CLSA downgrades Cambridge Industrial Trust to Underperform. cuts target price to S$0.56 from S$0.83

33. CLSA downgrades Ascott Residence Trust to Underperform from Buy as part of more cautious stance on Singapore REITs; cuts target price to S$0.73 from S$1.41

32. Singapore Senoko Power To Spend S$750M To Upgrade 2 Pwr Units

31. CapitaLand Target Cut To S$4.82 From S$5.45 By CLSA

30. Federal investigations target accounting, disclosure and governance at Fannie and Freddie

29. China Aviation Oil To Start Petrochemicals Trading

28. The Singapore Exchange Ltd. said Tuesday that trading in the securities and derivatives markets "remains orderly, in spite of heightened volatility globally."

27. ABN Amro downgrades OCBC to Sell from Hold. Cuts target price to S$6.30 from S$8.00

26. Asian markets starting to see signs of stress in local funding conditions, says JPMorganChase Bank's Claudio Piron

25. S'pore Tech Stks Offer Value But No N/T Boost -CS

24. NOL's Hapag-Lloyd Buy Worries Premature - JPM

23. Singapore MAS Injects S$3.8B To Money Mkt Mon, Tues -Traders

22. CIMB downgrades Pan Hong Property to Neutral from Outperform, cuts target price to S$0.21 from S$0.51

21. CapLand Off 11.0%; Offers Compelling Value - JPM

20. SGX Off 3.3%; 12-Month Outlook Weak - Analysts

19. Credit Suisse upgrades Wilmar International to Outperform from Neutral. cuts target price to S$3.88 from S$4.80

18. Singapore Veteran Opposition Leader Jeyaretnam Dead At 82

17. Yanlord Land Target Cut To S$1.32 From S$3.07 By CIMB

16. Singapore China Plays Fall; Stay Cautious - DBS

15. S'pore Palm Plays Tumble; Selloff Overdone - CS

14. S'pore Banks Outperform; Solid, Good Value-Trader

13. Singapore Exchange Target Cut To S$4.90 Vs S$5.60 By Kim Eng

12. StarHub Target Cut To S$2.94 From S$3.30 by Daiwa

11. Indofood Agri Target Cut To S$1.50 Vs S$2.40 By Credit Suisse

10. First Resources Target Cut To S$1.09 From S$1.42 By Citi

9. SingTel Target Cut To S$3.52 From S$3.78 by HSBC

8. UOB Target Cut To S$17.00 From S$20.00 By ABN Amro

7. DBS Target Cut To S$15.30 From S$16.00 By ABN Amro

6. CapitaLand Target Cut To S$3.11 From S$3.90 By Citigroup

5. Allgreen Properties Target Cut To S$0.80 Vs S$1.16 By Citi

4. Wing Tai Hldgs Target Cut To S$1.20 From S$2.00 By Citigroup

3. Keppel Land Target Cut To S$3.05 From S$5.45 By Citigroup

2. SP Ausnet: Sets Operational Agreements With Singapore Power

1. WALL STREET: Defeat of proposed $700 billion bailout package in House of Representatives sent stocks sliding - DJIA made largest point drop ever; index took nearly 20 minutes to settle, ending down 6.98% or 777.68 points. S&P 500 skidded 8.8% to 1106.57, lowest close since October 2004 and biggest percentage drop since Oct. 26, 1987, one week after original Black Monday; Nasdaq dropped 9.1%