Friday, October 17, 2008

Market Daily -- 17th Oct 08

38. Oil Price Drop Weighs On SembMarine, Keppel Corp

37. K-REIT Asia Target Cut To S$1.25 From S$1.42 By Macquarie

36. CIMB cuts Singapore Land target price to S$3.54 from S$6.87 on lowered RNAV discount to 40% from 30%. Keeps Underperform call

35. DBS Vickers Downgrades Hotel Properties, Ascott. Cuts target price for Hotel Properties to S$0.78 from S$2.24, for Ascott to S$0.82 from S$1.36

34. The move by MAS to guarantee deposits is "mildly positive" for Singapore banks, says Daiwa

33. S'pore Sep Exports Dn 0.8% On-Mo Vs +2% Expected

32. DATA SNAP: Singapore's Adj Sep Non-Oil Exports Dn 0.8% On Mo

31. Straits Asia Resources Gets $300M Financing Commitment

30. CIMB downgrades UOL Group to Underperform from Neutral. Cuts target price to S$2.16 from S$4.32

29. CIMB upgrades Keppel Land to Trading Buy from Neutral, cuts target price to S$2.76 from S$5.68

28. CIMB downgrades CapitaCommercial Trust to Underperform from Neutral. Cuts target price to S$1.17 from S$2.36

27. Singapore bank shares mixed, pare early gains as weak market conditions offset news of MAS' S$150 billion plan to guarantee bank deposits in city-state

26. Nomura Ups Wilmar To Strong Buy; S$3.50 Target

25. S-Chips May Fall More; Liquidity Concerns - Citi

24. Nomura ups Golden Agri-Resources to Strong Buy from Buy, cuts target to S$0.41 from S$0.79

23. No End In Sight For Baltic Dry Index Fall -Imarex

22. UOB Target Cut To S$19.70 From S$21 By UBS; Buy Call Kept

21. OCBC Target Cut To S$7.10 From S$7.40 By UBS; Neutral Kept

20. DBS Target Cut To S$20 From S$22 By UBS; Buy Call Kept

19. Asia Should Consider Bank Guarantees Amid Turmoil - IMF Chief

18. Singapore Land Target Cut To S$3.54 From S$6.87 By CIMB

17. City Developments Target Cut To S$8.55 From S$13.05 By CIMB

16. Roxy-Pacific Hldgs Started At Buy, S$0.29 Target By Westcomb

15. Citigroup downgrades Great Eastern Holdings to Sell from Hold; cuts target price to S$12.90 from S$17.50

14. More Weakness Ahead For S'pore Ship Trusts -OCBC

13. UBS Upgrades NOL To Neutral; S$1.75 Target

12. Lian Beng Group Target Cut To S$0.31 Vs S$0.57 - Kim Eng

11. Armstrong Industrial Target Cut To S$0.25 Vs S$0.48 -Kim Eng

10. All HK Banks Will Buy Back Lehman Mini-Bonds - Report

9. Pacific Andes, China Fishery may recover part of Thursday's double-digit decline following management's assurance unusual price movements caused by jitters over global financial troubles rather than any setback in business fundamentals

8. UOB Target Cut To S$13.50 From S$17.60 By Citigroup

7. DBS Target Cut To S$12.15 From S$16.75 By Citigroup

6. OCBC Target Cut To S$6.00 From S$7.60 By Citigroup

5. STI Likely Up But Weak Mkt Expected Till 09-Broker

4. Golden Agri Started At Sell By Deutsche; S$0.16 Target

3. First Resources Started At Hold By Deutsche; S$0.25 Target

2. S'pore Banks May Get Boost From MAS Guarantee

1. WALL STREET: Stocks surged in another volatile session, as indexes lurched wildly for 3rd time this week, taking back big chunk of yesterday's losses. Dow +4.7%, Nasdaq +5.5%