Tuesday, January 6, 2009

Market Daily -- 6th Jan 09

11. DBS Target Cut To S$8.05 From S$12.00 By Merrill Lynch

10. Goldman Sachs upgrades Yanlord Land to Buy from Neutral; But cuts target price to S$1.21 from S$1.54

9. BNPP Cuts Cosco Corp To Reduce; S$0.26 Target

8. Singapore Press Target Cut To S$4.20 From S$4.70 By UOB KH

7. UBS Downgrades Cosco To Sell, Keeps S$0.77 Target

6. MARKET TALK: STI May Slip But US Stimulus, S'pore Budget Eyed; initial support tipped at 1900, followed by 1850 (yesterday's intraday low). Any rebound unlikely to test 2000

5. DBS Target Cut To S$9.50 From S$11.50 By Credit Suisse

4. StarHub Names Tan Tong Hai Chief Operating Officer

3. Singapore Press Target Cut To S$4.20 From S$5.58 By Macquarie

2. DBS Target Cut To S$12.56 From S$18.13 By Macquarie

1. WALL STREET: Stocks fell sharply as traders worried about profit outlook for banks such as JPMorgan Chase, telecommunications giants such as Verizon Communications, given severity of recession. Dow ended off 0.9%, Nasdaq off 0.3%