Tuesday, October 7, 2008

Market Daily -- 7th Oct 08

29. STI May Fall More N/T Based On Past Falls-Westcomb

28. SGX Target Cut To S$4.80 From S$7.00 By DBS Vickers

27. Temasek To Own New Airport Operating Company - Minister

26. Singapore Changi Airport To Be Corporatized By July 2009

25. Singapore Banks Firmer After RBA Rate Cut

24. Asian share markets staged an intraday recovery to mostly trade higher, with a big-bang interest rate cut in Australia helping risk appetite amid talk other central banks might yet follow suit

23. PREVIEW: Singapore 3Q GDP Likely Expanded Slightly; Mfg Weak

22. Capitaland: Not In Talks To Acquire Malaysian Malls

21. Raffles Education Dn 0.9%; More Downside N/T - KE

20. STI May Rise To 2850 If Troubles Averted - UBS

19. DBS Vickers downgrades Hyflux Water Trust to Hold from Buy. Cuts target price to S$0.53 from S$0.90

18. S'pore Shipping Trusts Down Despite High Yields

17. Singapore Commodity Plays Leading Blue Chip Falls

16. STI P/B Unlikely To Test 2003 Low - DMG

15. OCBC Target Cut To S$8.13 From S$8.28 By CIMB

14. DBS Target Cut To S$22.26 From S$23.11 By CIMB

13. UOB Target Cut To S$21.78 From S$22.52 By CIMB

12. China Sports Intl Target Cut To S$0.45 Vs S$0.66 - Kim Eng

11. China Zaino Intl Target Cut To S$0.65 Vs S$0.90 - Kim Eng

10. China Hongxing Sports Target Cut To S$0.47 Vs S$0.66 -Kim Eng

9. Singapore Telecom May Outperform On Rate Hike

8. JPMorgan upgrades Cosco Cosp. to Overweight from Neutral, maintains S$2.50 target price

7. Saizen REIT Target Cut To S$0.40 Vs S$0.57 By Credit Suisse

6. SingTel Beginning To Feel Effects Of Global Turmoil

5. Frasers Centrepoint Target Cut To S$0.93 From S$1.57 By CS

4. Ascendas REIT Target Cut To S$2.30 Vs S$2.86 By Credit Suisse

3. CSE Global Target Cut To S$1.09 From S$1.57 By BNP Paribas

2. SP AusNet Introduces Distribution Reinvestment Plan

1. WALL STREET: U.S. stocks slumped, with Dow finishing below 10,000 for 1st time since Oct. 26, 2004. Dow fell 3.6%, Nasdaq fell 4.3%