Thursday, October 2, 2008

Market Daily -- 2nd Oct 08

36. Keppel Corp Gets S$150M Contract

35. Genting International Invests S$300M More In Resorts World

34. Yanlord Land +8.8% at S$0.99, tracking gains in Chinese developers in Hong Kong, on hopes Beijing would ease rules to support ailing property market

33. TUI Decision On Hapag-Lloyd Expected By Oct 15 - Sources

32. Hamburg Consortium Bid Around US$5.5B For Hapag-Lloyd-Sources

31. NOL Bid Around US$4.9B For Hapag-Lloyd - Sources

30. Decline in Singapore private home prices in 3Q8 less pronounced vs previous property down cycles, says DBS Vickers

29. DBS trims Parkway Life REIT target price to S$1.31 from S$1.35 but maintains Buy rating

28. S'pore Banks Rise; Brokers Split On Prospects

27. S-REIT Yields Increasingly Attractive - UOB KH

26. Daiwa upgrades K-REIT Asia to Buy from Outperform, has S$1.48 target price

25. Singapore Central Bank Signs MOU To Cooperate With Qatar

24. Daiwa upgrades CapitaCommercial Trust to Buy from Outperform, has S$2.10 target price

23. S'pore Property Stks Dn;Considerable Downside -CS

22. Kim Eng Securities downgrades Keppel Corp. to Hold from Buy. Cuts target price to S$7.65 from S$13.20

21. STI Not At Trough Yet; Recession Big Risk - Citi

20. UBS upgrades Ascendas India Trust to Buy from Sell. Cuts target price to S$0.63 from S$0.70

19. Keppel Corp Cut To Hold, Target Lowered To S$7.65 By Kim Eng

18. STI May Drift In 2300-2400 Band; Eyes On Bailout

17. Tat Hong Restarted At Buy, S$1.78 Target By OCBC

16. Li Heng Target Cut To S$0.60 From S$1.40 By Deutsche

15. Suntec REIT Target Cut To S$1.55 Vs S$1.80 By BNP Paribas

14. Lippo-Mapletree Target Cut To S$0.65 Vs S$0.78 By BNP

13. CDL Hospitality Target Cut To S$1.23 Vs S$1.90 By BNP

12. FCT Target Cut To S$1.14 From S$1.45 By BNP Paribas

11. Cambridge Ind Target Cut To S$0.66 Vs S$0.85 By BNP Paribas

10. CapitaMall Target Cut To S$2.90 Vs S$3.58 By BNP Paribas

9. CCT Target Cut To S$1.65 From S$2.35 By BNP Paribas

8. Neptune Orient Lines Target Cut To S$1.70 From S$3.30 By CS

7. Thai Beverage Makes THB3.9B Offer To Buy Rest Of Oishi Group

6. Creative Tech Target Cut To S$4.20 From S$5.00 By Macquarie

5. White House Urges Swift Passage Of Senate $700B Bailout Bill

4. CapitaCommercial Trust Target Cut To S$2.33 Vs S$2.83 -Nomura

3. SMRT Started At Neutral, S$2.00 Target By Merrill Lynch

2. ComfortDelgro Started At Buy, S$1.70 Target By Merrill Lynch

1. WALL STREET: Stocks fell as reports from Ford Motor, ISM suggested banking crisis already impinging on industrial and consumer activity, making an official recession highly likely. Dow off 0.2%, Nasdaq off 1.1%