Thursday, December 4, 2008

Market Daily -- 4th Dec 08

9. Nomura upgrades Mapletree Logistics Trust to Neutral from Reduce on valuation grounds, sets S$0.37 target price

8. Nomura initiates Cambridge Industrial Trust at Neutral, sets S$0.22 target price

7. Nomura downgrades Ascendas REIT to Reduce from Neutral on weakening macroeconomic conditions, has S$1.25 target

6. Credit Suisse upgrades CapitaCommercial Trust to Neutral from Underperform on valuation grounds. cuts target price to S$1.00 from S$1.19

5. SPH Target Cut To $4.86 From S$5.14 By OCBC; Keeps Buy

4. Singapore Petroleum Co Target Cut To S$1.80 Vs S$2 By Merrill

3. Olam Intl: To Buy Up To $150M In Convertible Bonds

2. Straits Resources: To Review 47.1% Stake In Straits Asia

1. WALL STREET: Stocks gained despite weak economic data, with early signs the government's efforts to resuscitate mortgage market now working; DJIA +2.1%, Nasdaq +2.9%