Friday, March 6, 2009

Market Daily -- 6th Mar 09

9. DMG downgrades Sino Techfibre to Sell from Buy, cuts target price to S$0.075 from S$0.35

8. Hongkong Land Target Cut To US$2.30 Vs US$2.51 By HSBC

7. Singapore Press Hldgs Target Cut To S$3.25 Vs S$4.30 -Kim Eng

6. CapitaMall Trust Target Cut To S$1.50 From S$2.05 By Citi

5. Olam Target Cut To S$1.65 From S$4.01 By Daiwa; Keeps Buy

4. DBS Target Cut To S$6.30 From S$7.56 By Daiwa; Underperform

3. Allgreen Properties Target Cut To S$0.42 From S$0.48 By CS

2. Mandarin Oriental Target Cut To US$1.00 From US$1.21 By BNPP

1. WALL STREET: Stocks fell with indexes dropping to their lowest levels in more than 12 years as banking stocks slumped, led by Citigroup. Dow down 4.1% to 6594.44, its lowest close since April 15, 1997; Nasdaq fell 4% to 1299.59, lowest finish since March 12, 2003