DJIA 8,943.81 (+248.02)

• Genting Intl Flat; Sands Casino Worries Weigh. Maintains Neutral call but cuts target price to S$0.45 from S$0.65.
• SingTel 2Q Net Profit Likely Down 13% Y/Y - Poll
• Ascendas REIT Off 2.4% at S$1.64, After Key Tenant Defaults
• UBS Cuts SembMarine Target To S$3.00; Keeps Buy
• Genting Intl Target Cut To S$0.45 from S$0.65 By CIMB
• Sembcorp Industries Target Cut To S$3.73 From S$4.80 By UBS
• Deutsche Downgrades SIA To Sell; S$9.60 Target
• CapitaLand Seeks To Sell Properties Worth Over S$300M -Report
• China Hongxing Sports Cut To Hold From Buy By Deutsche
• DBS Target Cut To S$10.00 From S$12.50 By Morgan Stanley
• DBS Group Target Cut To S$12.00 From S$22.40 By HSBC
• DBS Target Cut To S$12.70 From S$20.10 By OCBC; Kept At Hold
• Venture Corp Target Cut To S$7.16 From S$11.10 By Kim Eng
• Sembcorp Industries Downgraded To Hold From Buy By Kim Eng
• DBS Downgraded To Hold From Buy By Kim Eng
• Singapore's '09 Budget To Tackle Business Costs, Jobs -Report