Wednesday, October 8, 2008

Market Daily -- 8th Oct 08

21. Daiwa upgrades Cambridge Industrial Trust to Buy from Outperform, lowers target price to S$0.70 from S$0.84

20. Daiwa downgrades Sembcorp Industries to Underperform from Outperform, cuts target price to S$2.57 from S$4.32

19. CLSA Raises Yangzijiang To Buy;Keeps S$0.64 Target

18. SembCorp Marine Target Cut To S$2.25 From S$3.50 By Daiwa

17. Temasek Holdings Pte. Ltd. did not participate in a $10 billion stock offering by Bank of America Corp. made to support its purchase of Merrill Lynch & Co., two people familiar with the matter said Wednesday

16. Kim Eng Cuts ASL Marine Target To S$1.62; Buy

15. S'pore Property Stocks Down; Slowing Economy Eyed

14. CDL Hospitality Target Cut To S$1.43 From S$1.71 By UOB KH

13. Ascott Residence Target Cut To S$1.06 From S$1.22 By UOB KH

12. United Engineers Target Cut To S$2.94 From S$4.37 By CIMB

11. OCBC Lowers Straits Asia Target To S$2.25

10. Tat Hong Holdings Target Cut To S$1.53 From S$2.10 By CIMB

9. Goldman Starts StarHub At Neutral; S$2.68 Target

8. More Downside For STI Valuations Likely - Merrill

7. Goldman Starts MobileOne At Buy; S$2.88 Target

6. Kencana Agri Started At Buy, S$0.21 Target By DBS Vickers

5. Straits Asia Resources Target Cut To S$2.25 Vs S$4.66 By OCBC

4. Macquarie downgrades Chartered Semiconductor to Underperform from Neutral, cuts target price to S$0.28 from S$0.43

3. Goldman Sachs initiates SingTel at Sell, sets S$$2.87 target price

2. Venture Corp Target Cut To S$6.27 From S$10.76 By Nomura

1. WALL STREET: Stocks tumbled with major indexes hitting 5-year lows as traders acted on rumors, hopes about recapitalization for some of the biggest financial institutions in Britain. Dow down 5.1%, Nasdaq down 5.8%