Tuesday, October 14, 2008

Market Daily -- 14th Oct 08

34. Citigroup Upgrades SPH To Buy; S$4.00 Target

33. Cosco surrenders morning gains, down 12.5% at S$1.05 vs high of S$1.30. Traders, analysts attribute correction to Credit Suisse's cut in target price to S$0.55 from S$1.20 given concerns about orderbook growth, potential deal cancellations

32. Credit Suisse upgrades Yangzijizang Shipbuilding to Neutral from Underperform, cuts target price to S$0.40 from S$0.50

31. S'pore Defensives Lag; High Beta Preferred-Trader

30. DBS Vickers downgrades Suntec REIT to Hold from Buy. Sets target price at S$0.95

29. DBS Group Confirms India JV To Shut 75 Branches

28. Credit Suisse upgrades Sembcorp Marine to Neutral from Underperform, trims target price to S$2.70 from S$2.90

27. Wilmar Target Cut To S$3.46 From S$5.59 By ABN Amro

26. S-REITs Rally; Buy Into Oversold Positions -Daiwa

25. Singapore banks higher but underperforming market slightly; shares not battered down as much as some other blue chips in recent weeks, thus likely seeing less bargain-hunting interest

24. Sembcorp Industries Target Cut To S$4.00 From S$4.20 By CS

23. Jurong Technologies Target Cut To S$0.28 From S$0.35 By OCBC

22. Singapore Property Stocks Lead Blue Chip Gains

21. S'pore Palm Stks Up; Regional CPO Support - CIMB

20. ASL Marine Target Cut To S$1.00 From S$1.67 By DBS Vickers

19. JPMorgan cuts Sembcorp Industries target to S$3.40 from S$4.80

18. Credit Suisse upgrades Keppel Corp. to Neutral from Underperform, trims target price to S$7.00 from S$7.20

17. Li Heng Chemical Target Cut To S$0.45 Vs S$0.75 By Kim Eng

16. Swiber may rise after offshore services firm announces it has broken into subsea services market, signed Middle East JV

15. China Sky Target Cut To S$0.50 From S$1.17 By Credit Suisse

14. Jardine C&C Target Cut To S$12.28 From S$19.40 By DMG

13. Yongnam Target Cut To S$0.15 From S$0.29 By Credit Suisse

12. Tiong Woon Target Cut To S$0.45 From S$0.65 By Credit Suisse

11. Hong Leong Asia Target Cut To S$1.50 From S$2.30 By CS

10. Cosco Singapore Target Cut To S$0.55 From S$1.20 - CS

9. UOB Target Cut To S$18.40 From S$22.30 By DMG

8. DBS Target Cut To S$15.50 From S$18.80 By DMG

7. OCBC Target Cut To S$7.80 From S$9.60 By DMG

6. SPH Target Cut To S$3.75 From S$4.45 By UBS

5. StarHub Target Cut To S$2.65 From S$3.05 By Citigroup

4. SingTel Target Cut To S$3.20 From S$4.00 By Citigroup

3. Sembcorp Ind Target Cut To S$3.40 From S$4.80 By JPMorgan

2. DBS Vickers Upgrades Wilmar To Buy; S$2.40 Target

1. WALL STREET: Stocks surged withDJIA posting biggest point gain ever, rising more than 900 points as European government commitments to bank recapitalization sent traders rushing into market. Dow +11.1%, Nasdaq +11.8%