Thursday, September 4, 2008

Market Daily -- 4th Sep 08

25. China, Singapore Conclude FTA Talks; To Sign Pact In October

24. SPH Off 1.2%; Defensive Traits Questioned

23. CityDev Off 5.8%; S$8.50-S$9.00 Floor-AmFraser

22. Handful of Singapore-listed China domestic-consumption, property stocks starting to look interesting again after recent sharp correction, says CLSA. Picks Synear Food, Yanlord Land, Hongguo, Raffles Education as current favorites

21. Asian shipping stocks have fallen Thursday as weakness in the Baltic Dry Index fans concerns about the level of demand for commodities and other goods at a time the global economy is slowing

20. Singapore ship, rig builders succumb to heavy selling on concerns over higher raw material costs

19. SGX Off 2.7%; Volumes May Weaken Further-CLSA

18. Singapore commodity plays leading blue chip losers as retreating oil price weighs, raises fears of cooling commodity cycle

17. Kim Eng Securities restarts Indofood Agri Resources at Buy with S$1.65 target price

16. DBS Vickers Downgrades S'pore Hospitality Sector

15. DBS Vickers downgrades Amara Holdings to Fully Valued from Hold, cuts target to S$0.28 from S$0.50

14. Credit Suisse maintains Overweight rating on Singapore construction sector, says order books remain firm, led by public sector work

13. DBS Vickers downgrades CDL Hospitality Trusts to Hold from Buy. Cuts target price to S$1.23 from S$2.02

12. Singapore market looks set to outperform next 12 months as its attractive valuation, defensive characteristics shine through, says BNP Paribas

11. Sino Techfibre Target Cut To S$1.23 From S$1.76 By CIMB

10. Hotel Royal Started At Hold, S$3.18 Target By Westcomb

9. Indofood Agri Resources Target Cut To S$2.65 Vs S$2.92 By DMG

8. First Resources Target Cut To S$1.00 From S$1.36 By DMG

7. Goldman Sachs downgrades Jardine C&C to Neutral from Buy; cuts target price to S$19.50 from S$21.30

6. CapitaCommercial Trust may edge up on news of investment bank JPMorgan Chase, resources group BHP Billiton renewing leases for prime office space in Singapore owned by REIT

5. Suntec REIT Target Cut To S$1.53 From S$1.71 By OCBC

4. Indofood Agri Target Cut To S$2.40 From S$3.10 By Goldman

3. Wilmar Target Cut To S$4.90 From S$6.40 By Goldman Sachs

2. Singapore-listed First Ship Lease Trust Thursday said it filed a registration statement with the U.S. Securities and Exchange Commission to start an American Depository Receipt program

1. WALL STREET: Decline in commodity stocks continued for another day though was some strength in General Motors, financial names, leaving overall indexes mixed by the close; DJIA +0.1%, Nasdaq Composite off 0.7%