Thursday, October 23, 2008

Market Daily -- 23rd Oct 08

36. Keppel Corp 3Q Net S$273M Vs S$248M Yr Ago;Poll S$281M

35. CLSA Cuts Ascott Residence Target To S$0.53

34. Ex-BNP, JPMorgan Execs Set Up Commodity Asset Management Co

33. Of the 30 STI component companies, SGX , SIA Engineering, SIA have strongest balance sheets with almost no leverage, while Starhub has most debt, says Phillip Securities

32. PREVIEW: Singapore Sep Mfg Likely Down On Weak Global Demand

31. DMG Cuts Hong Leong Finance Target To S$2.65

30. Singapore Sep CPI +6.7% On Year; Pressure Off MAS

29. Hong Leong Finance Target Cut To S$2.65 From S$4.80 By DMG

28. China and Singapore Thursday signed a free trade agreement after two years of negotiations

27. Credit Suisse cuts Venture Corp. target to S$7.13 from S$12.70

26. Ascott Residence Target Cut To S$0.56 From S$0.73 By CLSA

25. CapLand Least Prone To Home Payment Defaults -UOB

24. CIMB downgrades Ascott Residence Trust to Underperform from Outperform. Cuts target price to S$0.56 from S$1.45

23. UOB KayHian Cuts SPC Target To S$4.20; Keeps Buy

22. DBS Cuts SPC Target To S$3.11; Keeps Hold

21. DMG Downgrades CapitaMall To Hold; S$2.06 Target

20. Macquarie reinitiates SMRT at Underperform, sets S$1.53 target price

19. Macquarie initiates ComfortDelgro at Underperform, sets S$1.19 target price

18. DBS Target Cut To S$11.30 Vs S$15.50 By DMG; Kept At Neutral

17. Las Vegas Sands' Woes May Hurt S'pore Banks - UOB

16. MS Cuts SIA To Equalweight; S$12.50 Target

15. Hong Leong To Buy Lehman Minibonds From Vulnerable Customers

14. Keppel Land Upgraded To Buy By Kim Eng; Target Cut To S$2.74

13. 2 Banks Offer To Be Lehman Minibond Counterparty

12. Allgreen Ppties Target Cut To S$0.85 Vs S$1.55 By UOB KayHian

11. Venture Corp Target Cut To S$7.13 From S$12.70 By CS

10. Keppel Land Target Cut To S$2.90 Vs S$6.95 By UOB KayHian

9. SC Global Target Cut To S$0.50 Vs S$1.40 By UOB KayHian

8. City Developments Target Cut To S$8.15 Vs S$13 By UOB KayHian

7. CapitaLand Target Cut To S$3.70 From S$6.50 By UOB KayHian

6. PREVIEW: Singapore's Sep CPI Likely Rose 6.6% On Energy,Food

5. Keppel Land Target Cut To S$1.90 From S$3.05 By Citigroup

4. CapitaCommercial Trust 3Q DPU 3.1 Singapore Cents, Up 45%

3. SMRT Restarted At Underperform By Macquarie; S$1.53 Target

2. China Ppty Steps To Reduce Downside Econ Risk -MS

1. WALL STREET: Stocks sank with DJIA down more than 500 points, S&P 500 setting 5-year low as investors read corporate earnings reports as prophecies of protracted recession. Index ended down 514.45 or 5.7% at 8519.21. S&P 500 off 6.1%; Nasdaq off 4.8%