Friday, July 3, 2009

Market Daily -- 3rd Jul 09

13. Aviva In Talks To Sell Singapore Ppties For S$100M - Sources

12. China Aviation Oil CEO: Interested In S Korea Refinery Buy
CAO: Also Interested In Tankers, Storage Facilities Overseas

11. Cheung Woh Tech Started At Neutral, S$0.17 Target By DMG

10. Jardine C&C Target Raised To S$24.00 From S$13.20 By Goldman

9. Suntec REIT Started At Outperform, S$1.07 Target By CIMB

8. UOB Target Raised To S$17.10 From S$14.40 By Kim Eng

7. DBS Target Raised To S$13.80 From S$13.20 By TA Securities

6. Frasers Comm Trust Target Raised To S$0.22 From S$0.18 By CS

5. Cosco Corp Target Raised To S$0.70 From S$0.63 By Nomura

4. Yangzijiang Target Raised To S$0.48 From S$0.37 By Nomura

3. Sembcorp Ind Target Cut To S$3.38 From S$3.65 By Nomura

2. Keppel Corp Target Raised To S$8.57 From S$7.92 By Nomura

1. WALL STREET: Weak jobs report roiled financial markets, traders' already sagging hopes for 2H economic rebound. At end of holiday-shortened week, most eagerly anticipated report on economy was stark letdown. U.S. Labor Department said nonfarm payrolls shed 467,000 jobs in June, much greater decline than 350,000 economists in a Dow Jones Newswires survey had expected. Unemployment rate 9.5%, highest level in more than 25 years. Dow ended down 2.6%, Nasdaq down 2.7%