Friday, November 7, 2008

Market Daily -- 7th Nov 08

20. Venture Corp 3Q Net Profit S$40.1M Vs S$76.3M

19. Sembcorp Industries 3Q Net S$144.9M Vs S$116.1M; Poll S$122M

18. ST Engineering Unit Wins S$160M Contract

17. S-REITs Underperform; Financing Costs To Rise -CS

16. DJ DBS To Cut 6% of Workforce In Singapore, Hong Kong- CEO

15. Singapore Airlines F/V Cut To S$12.25 From S$14.30 By UOBKH

14. China Hongxing Sports Target Cut To S$0.33 Vs S$0.48 By UOB

13. SIA Target Cut To S$13.00 Vs S$18.30 By CIMB; Keeps Neutral

12. SIA Target Cut To S$7.00 From S$12.00 By Cazenove

11. Merrill Lynch downgrades Singapore Petroleum Co. to Underperform from Buy. Cuts target price to S$2.00 from S$10.00

10. Singapore Telecom Target Cut To S$3.15 Vs S$3.92 By Merrill

9. Singapore Airlines Target Cut To S$12.30 Vs S$15.60 - Kim Eng

8. K-REIT Asia Target Cut To S$0.55 Vs S$1.00 By Merrill

7. Keppel Corp Target Cut To S$6.15 Vs S$7.25 By Merrill Lynch

6. Olam Intl Target Cut To S$1.60 Vs S$3.20 By DMG; Kept At Buy

5. Singapore Senior Min: 2009 To Be Worse For Econ -Report

4. ST Engineering Target Cut To S$3.00 From S$3.80 By Macquarie

3. SIA Target Cut To S$9.00 From S$13.00 By Citi; Keeps Sell

2. DBS Group 3Q Net Profit S$379M Vs S$610M; Expected S$572M

1. WALL STREET: Stocks fell after more distress signals from labor market, decline in demand for auto makers and retailers. Dow off 4.9%, Nasdaq down 4.3%