DJ MARKET TALK: Citi Cuts Inter-Roller Engineering To Sell
0209 GMT [Dow Jones] STOCK CALL: Citigroup downgrades Inter-Roller Engineering (J74.SG) to Sell/Low Risk from Buy/Low Risk, lowers target price to S$0.90 from S$1.10. Notes company indicated delays in the award of contracts would lead to more revenue contribution in FY08 instead of FY07, would have negative impact on turnover in 3Q07, 4Q07. Trades down 15.0% at S$0.96 on heavy volume. (JEM)
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