Friday, September 5, 2008

Market Daily -- 5th Sep 08

19. DJ NOL Cuts Hapag-Lloyd Offer To $4B-$5B From $6B-$7B - Sources

18. SIAS Research starts First Ship Lease Trust at Buy with S$1.48 target

17. Singapore telco plays should continue to provide shelter for investors amid weak equity markets, says CLSA

16. More S'pore Ship Trusts May Eye US Listing -Broker

15. CapLand Divestments Stoke China, Cash Fears -CS

14. Wilmar +2.1%; Recent Selloff Is Buying Chance-GS

13. Swiber Down 2.2%; Inked Contract Good News - CIMB

12. CIMB downgrades Starhub (CC3.SG) to Underperform from Neutral. Cuts target price to S$2.30 from S$3.00

11. CIMB downgrades SingTel to Underperform from Neutral. Cuts target price to S$3.50 from S$3.80

10. S-REITs Cheap, Balance Sheets Robust-BNP Paribas

9. Kim Eng Securities downgrades Keppel Land (K17.SG) to Hold from Buy. Cuts target price to S$3.86 from S$7.40

8. Singapore offshore & marine plays hit particularly hard by broad market selloff as investors fret retreating oil price will lead to slowing demand for their services

7. OCBC Investment Research maintains Neutral rating on Singapore technology sector but warns of heightened sense of caution

6. STI May Hit 2500 By Year End - Lehman

5. Citigroup cuts CapitaLand target price to S$3.90 from S$5.47; reiterates Sell rating

4. Citigroup downgrades China Sports International to Sell from Buy; slashes target price to S$0.28 from S$0.50

3. Citigroup downgrades China Hongxing to Sell from Buy, slashes target price to S$0.35 from S$0.60

2. CapitaLand Target Cut To S$3.90 From S$5.47 By Citigroup

1. WALL STREET: Stocks slumped after Nordstrom and other retailers posted disappointing August sales, while balance sheet concerns weighed on big banks like Lehman and Merrill Lynch; DJIA ended off 344.65 points or 3% to 11188.23, biggest one-day drop since June 26 and its third worst percentage drop this year, with Nasdaq off 3.2%