Rumours overheard at SGX Supermarket!!!

On a bright sunny day, I went to Lau Pa Sat to eat and to meet-up
with some old friends. After my meal, I walked past the nearby
SGX Supermarket, and heard some commotions inside the building,
so I sticked my head and ear in, and this is what I gathered
from the commotions:

Mr Goldman recently very active in judging our stocks, but most
have been CUT into pieces by him.
Jardine got downgraded to Neutral, and poor Wilmar and
Indofood Agri both got a hair-cut too. Wilmar's TP become
$4.90 and Indofood is only worth $2.40 to Mr Goldman.

DMG, from the same family of Mr DB, also cut the palm agri
stocks of First Resources and Indofood Agri. First Resources
TP is now $1 and Indo is $2.65

Mr Citi talked about the China Branded Sportwear and stated
that "The Stronger Will Prevail", but China Hongxing and
China Sports look not that strong as they both got downgraded.
China Hongxing become a Sell rating with TP at $0.35,
and China Sports got a Sell TP of $0.28.
Look like only LiNing is doing very well.

Long time no see and hear from Mr Cazenove, but he brought Good news to
Ventures when he upgraded it to Outperform. Well Done!

Mr UBS also brought good news to both Indofood Agri and Singapore Airline
with a upgrade report. Indofood become a Buy, and Singapore Airline become
a Buy too with TP at $20
-- Did you all hear the joke and rumour about UBS is now called
United Bank of Singapore, since our government is now
a substantial shareholder. By the way, our government is also
substantial shareholder of Stanchart which escape unharmed from
the Subprime issue, why don't we merge this 2 to become a
Giant??!!! Maybe I am just dreaming......

Rumours overheard today and days ago??!!

Overheard that GS DOWN Keppel Corp and Guccoland target price (TP),
Keppel Corp got dropped to $13, and Gucco dropped to $2.50.
CLSA follow suit and DOWN SGX and Capitacommercial Trust too,
SGX got downgraded to Underperform and become a SELL now.
Capita TP reduced to $2.29.

UBS said in their reports that they downgraded both K-Reit and Macquarie Prime Reit
to SELL, K-Reit TP become $0.93, and Prime Reit become $0.95
By the way, Macquarie also said K-reit need to slim down,
and the TP at $1.25

Citi is busier in their reports, our 3 local banks all got a SELL rating,
DBS TP at $16.75, UOB at $17.60, the smaller OCBC at $7.60
- Frankly, if they dropped further, it will be a great bargain,
because as and when the economy recovers, the banks share
will lead the charge, and the surge will be Fast and Furious.

Other stories include CapitaMall Trust become a BUY now with TP at $3.30,
but Raffles Edu got downgraded to HOLD with TP at $0.95
- I believe Raffles Edu is still in an aggressive M&A move,
they are hungry to continue expanding their student
and campus' reach, but their main issue is they need$$$,
and that will mean either incurring more debts, or as usual,
issuing new shares.
I wonder why they don't want to try to sell to OHL,
if he is in, then its share price and future will look
rosier.
Just a wild wishful thought on my side.

Big Brother Lehman also continue the cutting trend, and
this time is our beloved 2 telcos.
Starhub TP is at $3.08, and Singtel become a Equalweight now.
- Incidentally if you have read some FA books, the rating
of Equalweight is equivalent to a SELL rating,
just at a nicer-phrased word.


On a lesser note, DB said the Property company WingTai is expensive now,
so need to put the TP at $1.45 now.
- I don't really know about the stock, but I know WingTai's property
project's standard and class. This is just my view and not an advertisement!
HaHe....
ML also downgraded City Dev to Neutral.
- I know of an old-friend who is a die-hard supporter of
City Dev, not the properties, but its shares. I better ask him
how many shares he has accumulated all this years,
maybe he has become a Substantial Shareholder now??!! OMG!!

Jap Nomura securities also join in the reports and downgraded Noble
to a not-so noble TP of $2.29
-I consider Noble as a mid-cap, in the same category as Olam and
Straits Asia, and I strongly they will never become a small-cap
again even if the market keep falling down the cliff.
Frankly, the chances of them becoming a big-cap when
the market recovers is higher than it tumble down to
the hard floor.

Looking at all these CUT and Downgrade reports,
I have only one thing in my mind...........
It's time for me to get a hairCUT, and "Downgrade"
my spending on certain brands of products.

Rumours overheard today 08082008!! HUAT!!

Today number 1 rumour got to be on our Dearest DBS who just reported result:
CS look like not so happy with DBS result and CUT the TP to $20.50 and
downgrade to UNDERPERFORM,
MS follows the same way and also CUT the TP to a terribly-low $15.50 (OMG!!)
and downgrade to UNDERWEIGHT (better put on more weights, haha),
Citi has the same view and also slim the TP to $20.85, but said still maintain BUY,
BNP however said," You guys are wrong!!" It UP the rating to BUY and give
a TP of $22.70!

Look like our Dearest DBS has to wake up its idea and buck up
to win back more support!

UBS target-on NOL become $2.20, and same CUT to a SELL rating.
(Look like NOL will become Number-One-Loser???)

Citi is always awake, it don't like to sleep,
so it say OCBC also don't sleep too much now that
it has been CUT to SELL and only TP $8.35 now.
JPM also said "You are Right!" TP become $8.00, but
give you a NEUTRAL rating first.

CS said that Starhub is only worth the TP of $2.55, and
can only achieve a UNDERPERFORM rating.
(Well, look like SH can/may increase the Premier League
fee to boost up its margin, OMG, please don't do so!!)

Rumours overheard today 7 Aug

Overheard that:
Citi CUT China Sky Target Price to $1.03 but still is a BUY rating,
Citi also CUT Starhub TP to $3.05 but same at a BUY rating.
Macquarie rate Keppel Corp at Outperform, but TP become $13
CS CUT Semb Corp TP to $5.50, but still is a BUY rating
Daiwa CUT UOB to $21.35, rating become HOLD
JPM quite busy today, CUT Starhub TP to $3.50, CUT Semb Coro to $5.50,
but both still at OVERWEIGHT rating

Rumours overheard today 4Aug

Now being the reporting season, there are lots of
rumours in the air, so I just grab some and
share it here.

Overheard that:
CS rate Capitaland at HOLD but reduce Target Price (TP) to $5.16
GS said that Wilmar is still good to BUY , TP raised 20cts to $6.20
but GS cut Capitaland by 40cts to $6.40.
UBS agreed with GS, and also cut TP to $7, although still said worth
a BUY rating.
Citi downgraded both Jardine Matheson and Strategic.
(I like this 2 stocks, but because of current lousy sentiment,
look like I can get them cheaper)

Singapore Strategy by DB, Wilmar by GS & China Property by Citi

Singapore Strategy 31 Mar: DB (A Must-Read 34 Pages report)
http://www.mediafire.com/?1nqglhuinyk

Wilmar 28 Mar: GS
http://www.mediafire.com/?zvqiybz2gxj

China Property 27 Mar:Citi
http://www.mediafire.com/?myxx2wzhqoz

Asian Daily - CS, Property News - Citi & China Energy - ML

Asian Daily - CS
http://www.mediafire.com/?p01yddhvbum

Property News - Citi
http://www.mediafire.com/?gzl5xm13mna

China Energy - ML
http://www.mediafire.com/?ue1ygtz2djz

Daiwa Daily 18 Mar & Cosco by Citi 17 Mar

Daiwa Daily 18 Mar
http://www.mediafire.com/?cpr1fzknmbt

Cosco by Citi 17 Mar
http://www.mediafire.com/?tayt21p242u

Research Reports on K-Reit, A-Reit, Mermaid Maritime

Research Report on K-Reit 14 Mar - Daiwa
http://www.mediafire.com/?pzmz33oouj1

Research Report on K-Reit 14 Mar - Lehman Bro
http://www.mediafire.com/?u2eyojr3ywn

Research Report on A-Reit 13 Mar - UBS
http://www.mediafire.com/?n11c2lmpj2n

Research Report on A-Reit 13 Mar - Citi
http://www.mediafire.com/?zd2gnp1og2d

Research Report on Mermaid Maritime 14 Mar - Macquarie
http://www.mediafire.com/?eflxfjjyigy

Asian Daily - CS: Allco Commercial Reit, Tat Hong by Citi and SGX by ML

Asian Daily 12Mar - CS: Allco Commercial Reit
http://www.mediafire.com/?msjyzjj9ozl

Tat Hong Holdings 11Mar - Citi
http://www.mediafire.com/?zjvo9p31ys1

SGX 12Mar - ML
http://www.mediafire.com/?tim3pdqt2ma

2 Research Reports : Citibank Daily & Greater China View

Citibank Daily 4March
http://www.uploading.com/en/files/4E0U00IO/Citi%20Daily%20040308.pdf.html

Greater China View by JPM (*A Must-Read*)
http://www.uploading.com/en/files/B4C0KCKZ/Greater%20China%20View%20-%20JPM.pdf.html

Another 2 Reports - Wilmar & China XLX

1. Wilmar by Nomura 28 Feb
http://www.uploading.com/en/files/G91L625Q/Wilmar%2028%20Feb%2008%20Nomura.pdf.html

2. China XLX Initial Buy - Citi 27 Feb
http://www.uploading.com/en/files/8BU8T5XN/China%20XLX%20-%20Initial%20at%20Buy%20Citi.pdf.html