Friday, October 2, 2009

Market Daily -- 2nd Oct 09

8. StarHub Cut To Sell By Kim Eng; S$1.80 Target

7. Hiap Seng Eng Started At Buy By DBS Vickers; S$0.90 Target

6. StarHub Target Cut To S$2.00 From S$2.50 By DBS Vickers

5. SingTel Target Raised To S$3.53 From S$3.16 By Macquarie

4. StarHub Target Cut To S$1.80 From S$2.20 By Citi

3. StarHub Target Cut To S$1.82 From S$2.35 By Nomura

2. ST Engineering Target Raised To S$3.22 From S$2.72 By Nomura

1. WALL STREET: Stocks marked worst decline in about 3 months as disappointing ISM manufacturing report led to broad selloff for many companies that participated in 3Q rally, including JPMorgan, off 5.6%, Caterpillar down 3.7%, American Express, down 4.3%. Fear abound 6-month rally, including best 3Q since 1998, overextended; weakest stocks were in economically sensitive sectors. Dow off 2.1%, biggest point and percentage drop since July 2; Nasdaq down 3.1% in biggest percentage drop sine June 22