Broker Calls

18th Sep 2008

• Wilmar International Target Cut To S$4.15 Vs S$5.55 By Macq

Hmmmm...

17th Sep 2008

• CLSA Cuts DBS Target To S$18.90; Keeps Outperform
• CLSA Cuts UOB Target To S$20; Keeps Outperform
• CLSA Cuts OCBC To Underperform; S$8.00 Target
• Golden Agri Raised To Buy From Sell By UBS; S$0.52 Target
• SingTel Target Cut To S$3.50 From S$3.55 By Morgan Stanley
• Neptune Orient Target Cut To S$1.80 From S$2.70 By JPMorgan

16th Sep 2008:

• Suntec REIT's-UBS Maintains Buy with unchanged S$1.60 target price. Currently down 2.3% at S$1.26.
• Wilmar Intl Target Cut To S$3.10 From S$4.50 By DBS Vickers
• OCBC Cuts Golden Agri-Resources Target To S$0.48
• Singapore Telecom Target Cut To S$3.92 Vs S$4.08 By Merrill
• BNP Paribas Cuts Golden Agri Target To S$1.10
• Olam Target Cut To S$2.90 From S$3.80 By Macquarie
• UBS Cuts Keppel Corp Target To S$13.35; Keeps Buy
• Golden Agri Target Cut To S$1.10 From S$1.70 By BNP Paribas

12th Sep 2008

• UOB KayHian starts Singapore Petroleum Co. (S4.56) at Buy with S$7.60 target, based on sum-of-parts valuation.
• CIMB starts Cambridge Industrial Trust (S$0.565) at Outperform with S$0.90 target.
• Straits Asia (S$1.67) has most attractive valuation in the sector trading on only 3x FY09 PE; maintains Buy rating with S$3.95 target.