Tuesday, November 4, 2008

Market Daily -- 4th Nov 08

25. Sembcorp Marine 3Q Net S$140.9M Vs S$81.4M

24. ST Engineering 3Q Net Profit S$128.9M Vs S$125.5M

23. Chartered Semiconductor Target Cut To S$0.23 Vs S$0.30 - UBS

22. Cazenove downgrades SIA Engineering to Underperform, cuts target price to S$1.00 from S$3.15

21. SMRT Target Cut To S$1.70 From S$2.10 By Goldman

20. Chartered Semi Target Cut To S$0.24 Vs S$0.46 By Citigroup

19. Credit Suisse cuts Raffles Education target to S$1.20 from S$1.75 to reflect lowered earnings forecasts after meeting with management

18. Credit Suisse cuts Hyflux target price to S$2.67 from S$3.60 to reflect China's slowing economic growth, lower divestment gains; maintains Outperform rating

17. Kim Eng Securities upgrades SIA Engineering to Buy from Hold. Keeps target price at S$2.48

16. Chartered Semiconductor Target Cut To S$0.28 Vs S$0.71 -Daiwa

15. Olam Off 4.6%; ABN Amro Cuts Target To S$0.69

14. Hyflux Water Trust Target Cut To S$0.74 From S$1.14 By CS

13. Hong Leong Finance Target Cut To S$1.90 From S$3.10 By C13.

12. SingPost Target Cut To S$0.96 From S$1.17 By UBS; Keeps Buy

11. Chartered Semiconductor Target Cut To S$0.25 Vs S$0.69 By DMG

10. Singapore Press Hldgs Target Cut To S$3.71 Vs S$4.34 - Nomura

9. Singapore Telecommunications Ltd. Tuesday said its earnings from outside of Singapore will be reduced by the stronger Singapore dollar

8. STX Pan Ocean Target Cut To S$0.85 Vs S$3.75 By Credit Suisse

7. China XLX Fertiliser Target Cut To S$0.40 From S$0.95 By Citi

6. Rickers Maritime Target Cut To S$0.27 From S$0.52 By Citi

5. SMRT Target Cut To S$1.71 From S$2.05 By UBS

4. Olam Target Cut To S$0.69 From S$0.94 By ABN Amro

3. Hong Leong Finance Target Cut To S$1.70 From S$2.88 By BNPP

2. SingTel:More Than 170,000 iPhone Activiations in 2Q

1. WALL STREET: Most stocks fell after sales data from General Motors, store closures from small-cap Circuit City reflected weakness in economy bedrock: consumer spending. Dow off 0.06%, Nasdaq +0.3%