Wednesday, December 10, 2008

Market Daily -- 10th Dec 08

11. DBS Vickers upgrades UOB to Hold from Fully Valued, lifts target price to S$14.50 from S$11.30

10. DBS Vickers upgrades OCBC to Buy from Hold. Lifts target price to S$6.00 from S$4.40

9. OCBC maintains ST Engineering at Hold, cuts fair value to S$2.31 from S$2.54

8. MAS Survey: 4Q GDP Growth +0.4% On Year Vs -0.6% in 3Q

7. MAS Survey: Economists Expect Singapore 2008 GDP +2.2%

6. Jardine C&C Target Cut To S$11.18 Vs S$12.28 By DMG

5. Singapore Exchange Target Cut To S$5.20 Vs S$7.50 By JPMorgan

4. ST Engineering Target Cut To S$2.31 From S$2.54 By OCBC

3. Keppel Corp Target Cut To S$4.00 From S$5.05 By OCBC

2. Sembcorp Marine Target Cut To S$2.05 From S$3.05 By OCBC

1. WALL STREET: Stocks fell on another wave of corporate profit warnings; FedEx slid 14% after slashing earnings view for year, Con-way dropped 14% as shipping and transportation company cut one unit's work force by 8%, lowered 2008 earnings guidance. Dow off 2.7%, Nasdaq down 1.6%