Thursday, March 12, 2009

Market Daily -- 12th Mar 09

8. Credit Suisse reiterates Outperform call with unchanged S$1.15 target price on Raffles Education

7. Ferrochina: Fincl Chief Resigns To Pursue Other Opportunities
Ferrochina: No Updates On Creditors' Plan To Reorganize Units

6. Raffles Ed Target Cut To S$0.40 From S$0.60 By Citi; Hold

5. Raffles Education:Not Materially Affected By Oriental's News
Raffles Education: Have 29.9% Stake In Oriental Century
Raffles Education: Have Invested S$30.2M In Oriental Century
Raffles Education: Could Write Off S$34.6M If Oriental Fails

4. Noble Group Started At Outperform, S$1.50 Target By CIMB

3. ST Engineering Target Cut To S$2.70 From S$3.60 By Kim Eng

2. Olam Intl Started At Buy, S$1.37 Target By OCBC

1. WALL STREET: Stocks eked out first back-to-back gains since February as JPMorgan Chase CEO Jamie Dimon became the latest to express confidence in his institution's profitability and to downplay nationalization fears; DJIA +0.1%. Nasdaq +0.98%