Wednesday, December 3, 2008

Market Daily -- 3rd Dec 08

6. Noble Target Cut To S$1.83 From S$2.33 By OCBC; Keeps Buy

5. Noble Group Started At Buy By UBS; S$1.35 Target

4. Cosco Corp Started At Hold By BNP Paribas; S$0.65 Target

3. CapitaLand: To Cut Executive Staff Salaries By 3% To 20%; CapitaLand: Group CEO Salary Cut By 20%; CapitaLand Says Won't Lay Off Staff

2. WALL STREET: Stocks rose after poor November sales for General Motors, Ford Motor boosted hopes for government assistance. Dow ended +3.3%, Nasdaq +3.7

1. A merger with British Airways makes sense for Qantas as it would help Qantas compete with airlines such as Singapore Airlines and Emirates