Thursday, November 6, 2008

Market Daily -- 6th Nov 08

24. Singapore Airlines 2Q Net S$323.8M vs S$508M; Poll S$333M

23. Worries that commodity supply chain managers Olam and Noble may face financing problems as a result of tighter credit markets look wide of the mark, says Credit Suisse

22. OCBC Target Cut To S$4.80 From S$6.00 By Citigroup

21. OCBC Target Cut To S$5.10 From S$8.60 By Kim Eng

20. Sembcorp Marine Target Cut To S$2.40 From S$3.54 By Kim Eng

19. Hour Glass Target Cut To S$0.54 From S$1.19 By UOB KayHian

18. OCBC Target Cut To S$5.50 From S$8.00 By Merrill Lynch

17. UOB Target Cut To S$16 From S$20 By Merrill Lynch

16. DBS Target Cut To S$12 From S$16 By Merrill Lynch

15. OCBC Target Cut To S$5.17 From S$9.00 By Phillip Securities

14. Starhub Target Cut To S$2.68 From S$3.09 By DMG; Kept At Buy

13. StarHub Target Cut To S$2.81 From S$3.19 By OCBC; Keeps Buy

12. UOL Target Cut To S$2.88 From S$3.83 By OCBC ; Keeps Buy

11. OCBC Target Cut To S$5 From S$8 By Credit Suisse

10. OCBC Target Cut To S$6.80 From S$7.80 By DMG; Kept At Buy

9. SembMarine Target Cut To S$2.50 From S$2.85 By Citi

8. StarHub Target Cut To S$3.00 From S$3.50 By JPMorgan

7. StarHub Target Cut To S$2.80 From S$3.10 By UBS; Keeps Buy

6. OCBC Target Cut To S$5.50 From S$9.80 By HSBC; Keeps Neutral

5. Frasers Commercial Target Cut To S$0.36 From S$0.83 By JPM

4. Keppel Land Target Cut To S$1.56 From S$3.50 By JPMorgan

3. OCBC Target Cut To S$4.85 From S$5.30 By BNP Paribas

2. OCBC Target Cut To S$4.00 From S$5.50 By Morgan Stanley

1. WALL STREET: Stocks plunged as major indexes finished with worst losses since Oct. 22 as sellers unloaded financial stocks such as Citigroup, off 14%, Bank of America, off 11%, in last hour. Analysts say with presidential election-result out of the way, market focusing again on reality of tough times ahead. Dow off 5.05%, Nasdaq off 5.5%