Friday, October 24, 2008

Market Daily -- 24th Oct 08

37. Goldman Cuts SPC Target To S$2.70; Keeps Neutral

36. STX Pan Ocean (SGD) Target Cut To S$0.5 Vs S$2.5 By Goldman

35. Singapore 3Q Office Prices Fall 3.9% On Quarter

34. Singapore 3Q Private Ppty Prices Fall 2.4% On Quar

33. Singapore's manufacturing output in September unexpectedly rose 2.4% on year vs Dow Jones estimate of 1.4% fall on increase in pharmaceuticals sector, but key electronics sector remains depressed

32. Wheelock Ppties S'pore Target Cut To S$0.86 Vs S$1.48 By MS

31. OCBC Cuts Rotary Engineering Target To S$0.35

30. CapitaCommercial Down 3.9%; Gearing May Rise -UBS

29. Singapore property stocks already trading at discount to book values, but may still fall below 2002 troughs if economy worsens, property prices decline more than expected in 2009, says Phillip Securities

28. First Resources Target Cut To S$0.22 From S$0.25 By Deutsche

27. Wilmar Target Cut To S$3.60 From S$4.00 By Deutsche Bank

26. Golden Agri Target Cut To S$0.14 From S$0.16 By Deutsche

25. Cosco Corp Target Cut To S$0.75 Vs S$2.60 By Morgan Stanley

24. Keppel Corp Target Cut To S$5.40 From S$6.10 By CIMB

23. UOB KayHian trims CapitaCommercial Trust target price to S$1.82 from S$1.93 but maintains Buy call

22. Keppel Corp Fair Value Cut To S$4.97 Vs S$12.30 By UOB-KH

21. Keppel Corp Target Cut To S$6.01 From S$13.70 By Nomura

20. Keppel Corp Target Cut To S$6.72 From S$7.65 By Kim Eng

19. MS Ups CapLand To Equal-weight; S$3.28 Target

18. Keppel Corp Target Cut To S$4.52 From S$8.64 By DMG

17. Epure Intl Target Cut To S$0.28 From S$0.65 By Credit Suisse

16. S-Shares May Retreat On Earnings Concerns

15. Frasers Centrepoint Target Cut To S$0.72 From S$1.20 By OCBC

14. Rotary Engineering Target Cut To S$0.35 From S$1.11 By OCBC

13. KepCorp May Rise;3Q Results In-Line, Oversold-JPM

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

11. Keppel Corp Target Cut To S$7.00 From S$12.00 By JPMorgan

10. Keppel Corp Target Cut To S$6.35 From S$7.00 By Citi

9. Keppel Corp Target Cut To S$10.10 From S$11.15 By UBS

8. Frasers Centrepoint Target Cut To S$0.94 From S$1.30 By Citi

7. Goldman Cuts SPC Target To S$2.70 From S$6.30; Keeps Neutral

6. Wing Tai Target Cut To S$0.67 From S$1.68 By Morgan Stanley

5. Keppel Land Target Cut To S$2.11 From S$4.21 By MS

4. Wheelock Target Cut To S$0.86 From S$1.48 By MS

3. Allgreen Target Cut To S$0.42 From S$0.95 By Morgan Stanley

2. CityDev Target Cut To S$6.16 From S$9.46 By Morgan Stanley

1. WALL STREET: Stock finished mixed after late rebound for energy, industrial stocks despite ongoing recession worries stoked by unemployment data, poor holiday sales outlook from Amazon.com. Bounce on Dow failed to spark much enthusiasm. Dow +2%, Nasdaq down 0.7%