Monday, September 8, 2008

Market Daily -- 8th Sep 08

30. Sembcorp Marine Gets $425M Contract To Build 2 Drilling Rigs

29. Asian banks rallied Monday on news U.S. Treasury to help bail out Freddie Mac, Fannie Mae, but not everyone sees the effects lasting -- Aberdeen Asset Management

28. Healthcare, Indus, Retail S-REITs Safe Bets. Picks Parkway Life , Ascendas REIT , CapitaMall Trust , Suntec REIT , Frasers Centrepoint Trust as favorites. -DBSV

27. Credit Suisse Group (CS) said Monday it has hired Joseph Tan as chief economist for private banking in the Asia-Pacific region

26. Singapore-listed CPO stocks mixed as players not convinced spike in oil prices in Asian trade will last long enough to renew interest in alternative biofuel producers

25. Ezra +7.3%, May Have Bottomed Out; S$1.50 Cap

24. STI +4.0% But Mkt Not Bottomed Out Yet - Analyst

23. Sembcorp Marine Target Cut To S$4.28 From S$4.99 By DMG

22. Cosco Corp Singapore Target Cut To S$2.85 From S$3.82 By DMG

21. Keppel Corp Target Cut To S$11.89 From S$12.21 By DMG

20. CapitaLand Sells Somerset Orchard Ppty For S$100M

19. STI +3.9%; Bounce Is Bear Market Rally - Analyst

18. Traders in Singapore skeptical about current market run-up, noting bailout of Freddie Mac, Fannie Mae won't solve underlying problems in U.S. housing market, economy

17. NRA Capital Starts SP Chemicals At Buy; S$0.69 FV

16. NOL +2.8%; Hapag-Lloyd Still A Worry - Analyst

15. DJ SMRT Target Raised To S$1.84 From S$1.60 By Kim Eng

14. S'pore Mobile Phone Competition To Moderate - DB

13. Parkway Valuation Hinges On Novena Prices - JPM

12. Noble +5.8% But Players Still Cautious;S$1.79 Cap

11. FerroChina +3.8%; Secures New Supply Contracts

10. Celestial Nutri Target Raised To S$1.60 From S$1.45 By CIMB

9. Kim Eng Securities upgrades ComfortDelgro to Buy from Hold, lifts target price to S$1.82 from S$1.50

8. Chartered Semiconductor Due For Rebound - DMG

7. UOL Group Target Cut To S$3.83 From S$4.49 By OCBC; Buy Kept

6. Ascendas REIT's 7.0% fall last week suggests buying opportunity as industrial trust boasts earnings resilience in current economic uncertainty, says Credit Suisse

5. Neptune Orient Lowers Hapag-Lloyd Valuation

4. Singapore Post may head slightly lower after company announces it is likely to see higher net terminal dues for its international mailing business

3. GSE Bailout To Provide Short-Term Boost - Trader

2. CapitaLand Restarted At Buy By CLSA; S$5.45 Target

1. WALL STREET: Stocks mixed Friday after financial stocks bounced but some tech names had rough ride. Dow +0.3% (down 2.8% for week), Nasdaq off 0.1% (down 4.7% for week)