Tuesday, October 28, 2008

Market Daily -- 28th Oct 08

18. UBS cuts Hong Leong Finance target price to S$3.20 from S$4.50

17. UBS cuts Cosco Corp.target price to S$0.77 from S$3.70

16. Asian investors capitulating - selling out of losing investments recently, says senior trader at major broker in Australia

15. Singapore Econ To Stay Weak In 2009 On Poor Global Outlook-MAS

14. Cosco Corp Target Cut To S$0.77 Vs S$3.70 By UBS; Keeps Buy

13. China XLX Target Cut To S$0.57 Vs S$1.20 By UOB-KH

12. OCBC Fair Value Cut To S$5.66 From S$6.55 By UOB-KH

11. DBS Target Cut To S$13.68 From S$15.90 By UOB-KH

10. SingTel Target Cut To S$2.37 From S$3.50 By CIMB

9. Singapore Exchange Fair Value Cut To S$3.70 Vs S$5.90-UOB-KH

8. China Farm Equip Re-Initiated At Buy, Target S$0.45 By SBI

7. STI May Fall; 1500-1550 Next Key Support -Analyst

6. Noble May Outperform On Co Update; S$0.45 Support

5. Raffles Education Target Cut To S$0.60 From S$0.95 By Citi

4. OCBC Target Cut To S$6.50 From S$8.00 By JPMorgan

3. UOB Target Cut To S$20.00 From S$23.00 By JPMorgan

2. DBS Target Cut To S$20.00 From S$25.00 By JPMorgan

1. WALL STREET: Stocks fell to 5-year lows as growing global financial distress weighed. Dow off 2.4%, Nasdaq off 3%