Friday, January 9, 2009

Market Daily -- 9th Jan 09

9. Great Eastern Shipping Cancels 2 Cosco Carrier Contracts

8. SIA Target Cut To S$10.75 From S$11.25 By CLSA; Underperform

7. DBS Vickers Ups Midas Target To S$0.67; Keeps Buy

6. Citigroup reiterates Sell call on Singapore Airlines following Cathay Pacific's profit warning; maintains S$9.00 target price

5. DMG downgrades First Resources to Sell from Neutral. Cuts target price to S$0.21 from S$0.36

4. Fraser & Neave Target Cut To S$3.55 Vs S$3.69 By BNP Paribas

3. Cosco Corp Target Cut To S$0.65 From S$0.69 By Macquarie

2. Singapore Press Target Cut To S$3.90 Vs S$4.65 By JPMorgan

1. WALL STREET: Technology stocks' late rally sent stocks mostly higher offsetting earlier weakness for equities stemming from employment, retail spending concerns. Dow closed down 0.3%, Nasdaq Composite +1.1%