Market Daily -- 21st Oct 08

33. DBS Vickers downgrades both Pacific Shipping Trust, Rickmers Maritime Trust to Hold from Buy on concerns troubles facing global shipping industry would weigh on shipping trusts. Sets target price at US$0.29 for Pacific Shipping, S$0.63 for Rickmers

32. Singapore Banks Underperform; 3Q Eyed Weak - CLSA

31. S-REITs Rally; Valuations Undemanding - BNPP

30. CIMB upgrades Wilmar to Outperform from Neutral. cuts target price to S$2.95 from S$3.60

29. Suntec REIT pares gains, +1.8% at S$0.835 vs S$0.85 earlier, as players reluctant to stay invested given prospect of Singapore office downturn curtailing DPU growth

28. KepCorp, SembMarine Up But Oil Fall Worrisome-UOB

27. First Ship Lease Trust Gets Approval For US ADR Program

26. Sembcorp Marine Target Cut To S$1.92 Vs S$5.25 By UOB KayHian

25. Deutsche Cuts CityDev To Hold; S$7.15 Target

24. Indofood Agri Resources Target Cut To S$0.58 Vs S$0.90 -CIMB

23. Golden Agri Resources Target Cut To S$0.24 Vs S$0.42 By CIMB

22. Sembcorp Industries Target Cut To S$3.60 From S$5.37 By CIMB

21. Sembcorp Marine Target Cut To S$3 From S$5.25 By CIMB

20. Straits Asia Resources Target Cut To S$2.20 Vs S$4.40 By CS

19. China Sports Intl Target Cut To S$0.14 From S$0.28 By Citi

18. Sembcorp Marine Target Cut To S$3.86 From S$4.98 By OCBC

17. Outlook For KepCorp, SembMarine Weak - Citigroup

16. Li Heng Chemical Target Cut To S$0.78 From S$1.16 By OCBC

15. China Hongxing Sports Target Cut To S$0.17 From S$0.35 - Citi

14. Mapletree Logistics Target Cut To S$0.63 Vs S$0.95 - Deutsche

13. Suntec REIT Target Cut To S$1.23 From S$2.16 By Deutsche Bank

12. Ezra Holdings Charters Offshore Vessels For $104 Million

11. OCBC Target Cut To S$5.50 From S$7.00 By Morgan Stanley

10. UOB Target Cut To S$14.00 From S$16.00 By Morgan Stanley

9. DBS Target Cut To S$12.50 From S$15.50 By Morgan Stanley

8. CapitaMall Target Cut To S$2.93 From S$4.04 By Deutsche

7. Ascendas REIT Target Cut To S$2.32 From S$2.92 By Deutsche

6. Wing Tai Target Cut To S$0.70 From S$1.45 By Deutsche

5. Allgreen Target Cut To S$0.49 From S$1.40 By Deutsche

4. CapitaMall Trust 3Q Distribution 3.64 Singapore Cents/Unit

3. Keppel Land Cut To Hold From Buy By Deutsche; S$1.99 Target

2. CapitaLand Cut To Sell From Hold By Deutsche; S$2.33 Target

1. Wilmar Target Cut To S$3.50 From S$5.80 By Morgan Stanley