Friday, January 2, 2009

Market Daily -- 2nd Jan 09

13. Singapore's URA: 4Q Private Ppty Prices Fall 5.7% On Quarter

12. Singapore Recession Deepens;Govt Cuts '09 GDP Outlook

11. STX Pan Ocean Target Raised To S$8.00 From S$6.00 By CIMB

10. STI +1.1%; Weak 4Q GDP May Cap Gains - Westcomb

9. Singapore Post Started At Buy By OCBC; S$0.93 Target

8. STI May Rise On First 09 Session; 1804 Resistance

7. China Essence Resumed At Hold By Westcomb; S$0.25 Target

6. Singapore's economy will likely bottom sometime in 2H09, stage recovery after that, says Action Economics economist David Cohen, adding that much will depend on global economy

5. Singapore Advance Adj 4Q GDP Down 12.5% On Quarter

4. Singapore Govt: 2009 Econ To Grow Between -2% And +1%

3. OCBC Target Cut To S$6.00 From S$6.50 By JPMorgan

2. Cosco Target Cut To S$0.41 Vs S$0.47 By Deutsche; Keeps Sell

1. WALL STREET: U.S. stocks ends 2008 on positive note Wednesday, with DJIA +1.3%, though down 34% for the year, biggest loss since 1931. S%P 500 +1.4%, losing 38% for year, also biggest drop since 1931 while Nasdaq +1.7%, down 40.5% for year, worse than 2000's 39% loss when the tech bubble burst