Thursday, August 20, 2009

Market Daily -- 20th Aug 09

7. Stamford Land Target Raised To S$0.48 Vs S$0.34 By Westcomb

6. ASL Marine Target Raised To S$1.10 From S$0.94 By DBS Vickers

5. Noble Group Target Raised To S$2.75 From S$2.45 By CIMB

4. ASL Marine Target Raised To S$1.41 From S$1.07 By DMG

3. Singapore Airlines Target Cut To S$14 From S$15.64 By CS

2. Wilmar Target Raised To S$6.50 From S$5.00 By Macquarie

1. WALL STREET: Stocks rose as declining oil inventories drove energy companies higher; Exxon Mobil +2.3%, Chevron +1.8%. Drug maker Merck rose 2.5%, helped by news a U.S. judge has upheld patent for company's best-selling product, asthma and allergy medication Singulair. Dow +0.7%, Nasdaq +0.7%