Monday, January 5, 2009

Market Daily -- 5th Jan 09

12. DBS Vickers upgrades ST Engineering (S63.SG) to Buy from Hold. Keeps target price at S$2.80

11. Cosco Target Cut To S$0.42 From S$0.55 By HSBC; Underweight

10. HSBC Keeps S'pore Mkt At Overweight; 1900 Target

9. DB Reiterates Buy On ST Engineering;S$3.30 Target

8. OCBC downgrades CapitaLand to Hold from Buy as says stock reached target price of S$3.27

7. Cosco Corp Target Cut To S$0.58 From S$0.80 By CIMB

6. Singapore Equity Market To Bottom In 1Q09 -UOB KH

5. UOB KayHian cuts target price for Starhill Global REIT, previously known as Macquarie Prime REIT, to S$0.87 from S$1.19

4. Singapore Petroleum Co. is reviewing some of its planned investments at its joint-venture Singapore Refining Company refinery due to declining market demand amid the global credit crisis, the Business Times reported Monday, citing unnamed sources

3. M1 May Slip; CEO Departure Negative - Analyst

2. STI May Rise; Bad News Largely Captured; resistance tipped at 1900 - Dealer

1. WALL STREET: Stocks surged Friday, Dow rose more than 250 points to close above 9000 for the first time since November as traders bet on better times for 2008 losers like General Motors and aluminum giant Alcoa. Dow ended +2.9%, Nasdaq +3.5%