Wednesday, August 19, 2009

Market Daily -- 19th Aug 09

18. China Fishery Target Raised To S$1.38 From S$1.20 By DMG

17. Wing Tai Target Raised To S$2.05 From S$1.79 By Kim Eng

16. Olam Started At Buy, S$3.05 Target By Kim Eng

15. Latitude Tree Opens At S$0.35 Vs S$0.22 IPO On SGX Debut

14. Adampak Target Raised To S$0.27 From S$0.235 By DMG

13. Golden Agri Target Raised To S$0.55 From S$0.50 By MS

12. First Resources Target Raised To S$0.90 Vs S$0.39 By UOB KH

11. AusGroup Target Raised To S$0.70 From S$0.51 By OCBC

10. CapitaCommercial Target Cut To S$1.00 From S$1.60 By RBS

9. CDL Hospitality Target Raised To S$1.14 From S$1.00 By RBS

8. Keppel Corp Target Raised To S$9.17 From S$8.57 By Nomura

7. UOB Target Raised To S$19.30 From S$18.00 By Nomura

6. SC Global Target Raised To S$1.52 From S$1.10 By Phillip Sec

5. Sing Hldgs Target Raised To S$0.30 Vs S$0.25 By Phillip Sec

4. Parkway Holdings Target Raised To S$2.35 From S$1.60 By UBS

3. Genting Singapore Started At Buy, S$1.26 Tgt By Deutsche Bank

2. Russia's Evraz Dropping Bid To Buy Delong Holdings

1. WALL STREET: Stocks rose on string of better-than-expected quarterly reports from retailers; Home Depot +3.1% as 2Q earnings fell smaller-than-expected 7.2%, firm raised FY outlook. Target +7.6% as discount retailer's 2Q profit beat expectations. Financials also contributed, led by American Express +4.3% as Keefe Bruyette upgraded AmEx to outperform, saying improving delinquency rates at company in July suggest worst credit hits may be behind credit-card firm. Dow +0.9%, Nasdaq +1.3%