Friday, June 12, 2009

Market Daily -- 12th Jun 09

9. Jardine Matheson Target Raised To US$24.70 Vs US$16 -Goldman

8. Mermaid Maritime Started At Buy, S$0.85 Target By DBS Vickers

7. Nomura Cuts Suntec REIT To Neutral; S$1.00 Target

6. Goodpack Started At Buy, S$1.14 Target By OCBC

5. Cambridge Ind Target Raised To S$0.36 From S$0.24 By Nomura

4. Frasers Com Trust Target Up To S$0.29 Vs S$0.24 By Nomura

3. City Developments Target Raised To S$7.57 Vs S$6.28 By Citi

2. Raffles Education Target Raised To S$0.77 Vs S$0.60 - Kim Eng

1. WALL STREET: Stocks wilted near close on concern oil prices at 7-seven-month high, but ended up with major indexes at or near highs for year as interest-rate fears receded. Retail sales ticked up in May, weekly unemployment claims fell but some money managers remain cautious, saying economy still faces monumental challenges. Dow rose 0.4% to 8770.92, highest close since Jan. 6; Nasdaq +0.5%