Wednesday, December 17, 2008

Market Daily -- 17th Dec 08

12. Singapore November non-oil domestic exports contracted 17.5% on year, worse than October's 15.4% decline, 15% fall tipped by Dow Jones poll of economists

11. DBS Vickers upgrades SMRT (S53.SG) to Buy from Hold. Lifts target price to S$1.82 from S$1.60

10. China XLX Fertiliser Target Cut To S$0.40 From S$0.46 By MS

9. Singapore Press Hldgs Target Cut To S$4.01 Vs S$4.50 By CIMB

8. STX Pan Ocean Target Cut To S$6.00 From S$8.90 By CIMB

7. Parkway Holdings Started At Buy, S$1.45 Target By DMG

6. CapitaCommercial Trust Target Cut To S$0.85 Vs S$1.20 By MS

5. Suntec REIT Target Cut To S$0.68 Vs S$0.91 By Morgan Stanley

4. CapitaMall Target Cut To S$1.52 Vs S$2.05 By Morgan Stanley

3. Straits Asia Resources Target Cut To S$0.80 Vs S$1.20 By CS

2. Singapore Nov Exports Likely Dn 15.0% On Yr -Poll

1. WALL STREET: Stocks rallied as large financial firms surged after Fed slashed target rate to historic low range of 0% to 0.25% to combat deepening recession. Dow +4.2%, Nasdaq +5.4%