Friday, December 19, 2008

Market Daily -- 19th Dec 08

5. Pan-United Corp Target Cut To S$0.53 Vs S$0.92 By DBS Vickers

4. Venture Corp Target Cut To S$5.55 From S$7.16 By Kim Eng

3. DBS Target Cut To S$10.90 Vs S$13.00 By Nomura; Kept Neutral

2. Singapore Technologies Engineering Ltd. late Thursday said its unit got a GBP150 million contract from the U.K. Ministry of Defence to provide it with military vehicles.

1. WALL STREET: Stocks fell as energy, material stocks dropped in tandem with crude oil prices and financials took late dive, with selling concentrated in real-estate investment trusts. Dow ended down 2.5%, Nasdaq down 1.7%