Tuesday, August 18, 2009

Market Daily -- 18th Aug 09

14. Straits Asia Resources Started At Buy, Target S$2.80 -BoA-ML

13. Wilmar Target Raised To S$7.25 From S$6.10 By DBS Vickers

12. DBS Target Raised To S$15.50 From S$14.00 By UBS

11. Mapletree Log Trust Target Raised To S$0.65 Vs S$0.57 By JPM

10. OCBC Target Raised To S$9.50 From S$8.00 By UBS

9. UOB Target Raised To S$20 From S$18 By UBS

8. CapitaRetail China Target Raised To S$1.45 Vs S$1.30 By JPM

7. Frasers Centrepoint Target Raised To S$1.30 Vs S$1.00 By JPM

6. CapitaCommercial Target Raised To S$1.00 From S$0.90 By JPM

5. Parkway Target Raised To S$1.90 From S$1.62 By Macquarie

4. Ezra Target Raised To S$1.75 From S$1.46 By OCBC

3. Genting Singapore Started At Sell By UBS; S$0.82 Target

2. Straits Asia Target Raised To S$3.00 Vs S$2.25 By Macquarie

1. WALL STREET: Severe stock market declines overseas restoked economic fears domestically as sharp decline for broad spectrum of energy, materials companies was coupled with sell-off for financials. Setting off declines, China's Shanghai Composite Index posted biggest single-day percentage drop since November. Dow ended down 2%, largest 1-day point and percentage drop since July 2. Nasdaq down 2.8%