Tuesday, December 16, 2008

Market Daily -- 16th Dec 08

4. STX Pan Ocean Sets Up JV To Develop South American Ops

3. SPH Target Cut To S$4.48 Vs S$5.11 By Kim Eng; Maintains Buy

2. Ascendas REIT Started At Buy By BNP Paribas; S$1.77 Target

1. WALL STREET: Downgrades of bellwethers Apple, JPMorgan paced a decline in stocks ahead of Federal Reserve's expected interest rate decision with market watchers anticipating Fed will cut key interest rate to 0.5%. Dow ended down 0.8%, Nasdaq down 2.1%