DJIA 8,668.39 (+184.46)

• Singapore Govt To Cut Interest Rates On Business Loans-Report. The rates for loans with tenures of up to four years will fall to 5%, while those above four years will fall to 5.5%.
• Cosco Corp Opens Down 3.4% At S$0.995 After Profit Warning
• JPMorgan Cuts UOB To Neutral; S$15.00 Target
• Cosco Warns Of Lower Profits In 2008
• STI May Rise; January 2009 Rally Eyed -Strategist
• SBI Starts Raffles Education At Buy;S$0.77 Target

DJIA 8,483.93 (-31.62)

• China Appoints Special Ambassador To Asean
• Singapore Palm Stocks Higher On Oil Price Boost
• World Stk Markets: Japan Wraps Dismal Year
• STI Down 0.2% at 1,777.58; CapitaMall Corrects; 1764 Support
• CapitaCommercial Trust Cut To Underperform From By CLSA
• ST Engineering May Rise On S$86M Contract Win
• US Stocks Weighed As K-Dow JV Deal Sinks
• CapitaMall Trust: Not Aware Of Reasons For Units' Price Jump
• STI May Fall On US, Nikkei Cue; 1764 Support

DJIA 8,515.55 (+47.07)

• Binani Cement: Stansen Buys Co Stake From Credit Suisse Unit
• Singapore 3-Month Treasury Bills Sold At 0.68% Yield
• Keppel Corp Gets Contracts Worth S$200 Million >BN4.SG
• ComfortDelGro +1.4%; China Deals Positive - CIMB
• DBS Down 11.1%; Trades Ex-Rights; S$8.10 Support
• Straits Asia May Rise As Sebuku Probe Ends
• CIMB-GK, Kim Eng Brokerage Units Look For Acquisitions-Report
• Jardine C&C Target Cut To S11.50 From S$14.00 By Goldman
• DBS Target Cut To S$8.70 From S$10.90 By Nomura

DJIA 8,468.48 (+48.99)

• Singapore Stocks Poised For Rebound N/T- DBSV
• Singapore Nov Mfg Likely Down 15.0% On Year -Poll
• Dispute Ends But SembMarine Orderbook Worrisome
• Singapore Shrs Likely Quiet;STI Eyed In 1700-1800

DJIA 1,723.15 (-1.54)

• Singapore Nov Mfg Likely Dn As External Demand Wanes
• CapitaLand +5.9%; Bellwether In Sector - Analyst
• DBS Vickers Cuts Hyflux Target Price To S$2.13
• CapitaCommercial May Fall; Moody's Eyes Downgrade
• DMG Cuts Li Heng Chemical Target To S$0.49
• CEO Of Parkway Life REIT's Manager Leaves;CFO Named Acting CEO
• CapitaLand Deputy Chairman Retires; Director Seah To Replace

DJIA 8,519.69 (-59.42)

• Asian Firms Turn To Rights Issues In Quest Of Capital
• Singapore November CPI +5.5% On Year Vs Dow Jones Poll +5.5%
• Midas May Rise; Expands Production Capacity. Midas closed +3.0% at S$0.515 yesterday; may face resistance at S$0.55
• Nomura Upgrades ST Engineering To Buy
• S'pore Nov CPI Likely Eased On Weaker Global Econ
• DBS Target Price Cut To S$8.00 From S$9.50 By Citigroup
• DBS Target Cut To S$10.70 From S$13.10 By Kim Eng
• Singapore Telecom Target Raised To S$2.72 Vs S$2.53 - Goldman

DJIA 8,579.11 (-25.88)

• DBS Down 9.6% At S$8.90 After S$4B Rights Issue News
• DBS Group To Offer 760,480,229 Shares At S$5.42/Shr
• Ascendas REIT +1.5% at S$1.40; Refinancing Risks Down -CLSA
• DBS Group Offers To Raise S$4B In Rights Issue
• Olam +4.1% at S$1.27; U-Turn On M&A Poses Concerns - CIMB
• Phillip Sec Starts Li Heng Chemical At Hold with S$0.325 target price
• F&N May Slip; Not Selling Printing Business
• Phillip Sec Starts China Sky Chemical At Hold with S$0.35 target price

DJIA 8,604.99 (-219.35)

DJIA 8,824.34 (-99.80)

• Olam To Buy Assets From US-Based De Francesco & Sons
• China XLX +1.4% at $0.365; New Export Rules Positive - CIMB
• Li Heng Chemical Fibre Downgraded To Hold From Buy By Kim Eng
• CapitaLand Likely Shrug Off Exec Resign - Analyst
• Great Eastern, OCBC May Fall On Madoff Exposure
• US Dollar Lower Vs Singapore Dollar; Trades At S$1.4345

DJIA 8,924.14 (+359.61)

• Data Transmission Glitches Hit Singapore Stock Market
• Asian Share Gains Fade As Fed Gloss Comes Off
• CapitaRetail +2% at S$0.50; Likely Slowdown After Jan - JPM
• China XLX Fertiliser Target Cut To S$0.40 From S$0.46 By MS
• Singapore Press Hldgs Target Cut To S$4.01 Vs S$4.50 By CIMB
• STX Pan Ocean Target Cut To S$6.00 From S$8.90 By CIMB
• Credit Suisse Cuts Straits Asia To Underperform
• Parkway Holdings Started At Buy, S$1.45 Target By DMG
• CapitaCommercial Trust Target Cut To S$0.85 Vs S$1.20 By MS
• CapitaMall Target Cut To S$1.52 Vs S$2.05 By Morgan Stanley
• Keppel Corp May Rise Despite Ending MPU Contract
• Noble May Rise; Raises US$80M For Refinancing
• Singapore Nov Exports Likely Dn On Weak Demand
• Straits Asia Resources Cut To Underperform By Credit Suisse

DJIA 8,564.53 (-65.15)

• CS Keeps Singapore Property Sector Underweight
• Genting +5.6% at S$0.475; May Reflect Casino Hopes -Analyst
• Kim Eng Cuts SPH Target To S$4.48; Keeps Buy
• US Dollar Falls Vs Singapore Dollar; Trades At S$1.4698
• Ascendas REIT Started At Buy By BNP Paribas; S$1.77 Target
• Wall Street Likely Positive Next 4 Weeks - GSJBW
• Keppel Corp Gets Two Contracts Worth About S$120M >BN4.SG
• Mapletree Log May Rise On Moody's Outlook Lift

DJIA 8,629.68 (+64.59)

• Chartered Semiconductor Target Cut To S$0.20 Vs S$0.25 By GS
• JPM Cuts SIA Target To S$10.00; Keeps Neutral
• Sembcorp Marine,Intl Gas Transportation In Long-Term Contract
• Nomura Cuts SingLand To Neutral; S$3.22 Target
• Singapore Airlines Will Defend Itself Against NZ Allegations
• Cosco +8.0% at S$1.08; Shrugs Off Order Cancellation Fears
• Singapore Airlines Raised To Buy From Hold By Kim Eng
• Chartered Semi Target Cut To S$0.17 From S$0.31 By OCBC
• CapitaLand To Build MYR500M Complex-Report
• SC Global Started At Reduce By Nomura; S$0.46 Target
• Bukit Sembawang Started At Neutral By Nomura; S$4.21 Target
• Cambridge Ind Trust Target Cut To S$0.38 From S$0.77 By JPM

DJIA 8,565.09 (-196.33)

• Singapore Market To Bottom In Mid-2009 -CIMB
• Singapore Market To Trough In 1Q09 -UOB KayHian
• Singapore Dlr Lower Late On US Auto Bailout Plan Failure
• Cambridge Industrial +18%;Refinancing Risks Abate. Nomura lowers target price to S$0.53 from S$0.57 to reflect higher financing costs.
• Singapore Shipping Trusts Face Bleak Outlook-OCBC
• S'pore Dividend Sustainability Key Issue - JPM
• Chartered Semi: Eliminated 273 Contract Positions This Week
• SMRT Target Raised To S$1.85 Vs S$1.70 By CS; Keeps Neutral
• ABN Amro Starts SembMarine At Buy, S$2.10 Target
• Frasers Centrepoint Target Cut To S$0.62 From S$0.72 By OCBC
• MS Raises SingPost To Overweight; S$1.01 Target

DJIA 8,761.42 (+70.09)

• Cambridge Industrial Trust Names Christopher Calvert CEO
• Singapore Construction Stocks Offer Value - CIMB
• US Dollar Falls Vs Singapore Dollar; Breaks S$1.5000 Support
• Olam May Rise On US$41.2M Gain, Debt Reduction
• MS Ups Wilmar Target To S$4.00; Keeps Overweight
• Venture Corp Target Cut To S$6.06 From S$7.36 By OCBC

DJIA 8,691.33 (-242.85)

DJIA 8,934.18 (298.76)

• Straits Asia Resources Gets OK For Extention Of Mining Area
• SingTel To Keep Outperforming Market, Maintains Outperform rating with unchanged S$3.20 target price - CLSA
• China Hongxing +5.1% at S$0.205; S$0.235 Next Resistance-DMG
• Noble +8.2% at S$0.985; Valuation Is Attractive. reiterates Buy call, sets S$1.40 target price - Nomura
• Singapore Banks Lack Near-Term Catalysts - KE
• OCBC Cuts CapitaMall Trust Target To S$1.94
• Singapore Petroleum Co Target Cut To S$2.16 Vs S$3.11 By DBS
• Olam +8.7% at S$1.13, But ABN Amro Cautious On Bond Buyback. Sell rating, S$0.69 target price.

DJIA 8,635.42 (+259.18)

Hari Raya Haji

DJIA 8,376.24 (-215.45)

• OCBC Cuts AusGroup Target To S$0.17; Keeps Hold
• Olam +5.6% at S$1.03; May Be Seeing Short Squeeze. Maintains Buy rating and target price of S$4.01 - Daiwa
• Straits Resources:Mostly Intl Interest In Straits Asia Stake
• Singapore PM:US Impact On World Econ Bigger Than India,China
• Swiber +5.3% S$0.50; Resilient Amid Credit Crunch - DBSV
• CLSA Cuts Raffles Education To Underperform. Cuts target price to S$0.50 from S$0.80.
• Cosco Corp Target Cut To S$1.08 From S$1.25 By JPMorgan
• Sembcorp Ind Target Cut To S$2.30 From S$3.15 By Citi
• Keppel Corp Cut To Hold From Buy By Citi; S$4.00 Target
• SembMarine Cut To Sell From Hold By Citi; S$1.25 Target
• Ascendas India Trust Started At Buy By BNP Paribas
• Oil Price Fall May Hurt Singapore Rig Builders
• Citigroup Cuts SembMarine To Sell; S$1.25 Target
• Neptune Orient Lines Started At Sell By Phillip Securities

DJIA 8,591.69 (+172.60)

• CapitaMall Off 3.9% at S$1.49; May Hold Above S$1.45
• ST Engine's Marine Arm Steady Amid Sector Woes
• S'pore Market May Bottom In 2Q09 - Deutsche
• Banyan Tree +13.7% at S$0.415 After Block Trade
• Nomura Starts Cambridge Ind Trust At Neutral, sets S$0.22 target price.
• Yanlord Land Downgraded To Neutral From Outperform By CIMB
• Cambridge Industrial Trust Started At Neutral By Nomura
• CapitaCommercial Raised To Neutral From Underperform By CS
• Ascendas REIT Cut To Reduce From Neutral By Nomura
• Cosco Likely To Fall As Unit Loses 2 Contracts
• Olam Intl Seeks To Buy Back Up To $150M In Convertible Bonds
• SingTel May Rise; Investor Day Positive - Brokers. JPMorgan reiterates Outperform call with S$2.87 target price.
• Straits Asia May Rise; Major Holder Reviews Shrs
• Straits Resources May Sell A$323M Straits Asia Stake
• Singapore Petroleum Co Target Cut To S$1.80 Vs S$2 By Merrill
• SPH Target Cut To $4.86 From S$5.14 By OCBC; Keeps Buy

DJIA 8,419.09 (+270.00)

• Singapore Air Cargo Resumes Services To Bangkok
• SATS +0.7% at S$1.41; SFI Buy Pricey, Increases Risk -CIMB
• KE Cuts Orchard Parade To Hold; S$0.72 Target
• Asian Shares Not Taking Wall Street Bait; Gains Muted
• Six HK Stocks Crack UBS' Asia Ex-Japan Top 10
• Nomura Cuts Yangzijiang To Reduce; S$0.37 Target
• Nomura Cuts KepCorp To Neutral; S$4.83 Target
• UBS Sets S'pore STI Target Of 2100 For End-2009
• Li Heng Chemical Fibre Cut To Hold From Buy By UOB KayHian
• SingTel:Suit Filed Against Co By Mitac Intl Dismissed By Crt
• Noble Group Fair Value Cut To S$1.83 From S$2.33 By OCBC
• Cosco Corp Started At Hold By BNP Paribas; S$0.65 Target
• CapitaLand: To Cut Executive Staff Salaries By 3% To 20%
• Keppel Corp Cut To Neutral From Buy By Nomura
• Sembcorp Industries Raised To Buy From Neutral By Nomura
• Yangzijiang Cut To Reduce From Neutral By Nomura
• Koh Bros May Rise On Biggest-Ever Contract Win
• SIA May Slip On Qantas-BA Merger Worries

DJIA 8,149.09 (-679.95)

• Venture Off 2.7% at S$3.95; Dividends May Be Cut - BNP
• STI Off 2.1% at 1,655.35; Hard To Expect Yr-End Rally -Trader
• Orchard Parade Hldgs Downgraded To Hold From Buy By Kim Eng
• Parkway Holdings Target Cut To S$1.20 Vs S$1.76 By Citigroup
• Neptune Orient Lines Target Cut To S$1.10 By Credit Suisse
• U.S. Stocks Plunge On Poor Econ Data

Closing STI index - December 2008

31 Dec 2008: 1,761.56 (-9.09)
30 Dec 2008: 1,773.70 (-6.87)
29 Dec 2008: 1,752.09 (+26.48)
26 Dec 2008: 1,738.70 (+1.71)
24 Dec 2008: 1,736.99 (+12.45)
23 Dec 2008: 1,719.80 (-25.83)
22 Dec 2008: 1,745.63 (-49.84)
19 Dec 2008: 1,801.64 (+2.69)
18 Dec 2008: 1,795.37 (+16.08)
17 Dec 2008: 1,779.29 (-2.80)
16 Dec 2008: 1,782.09 (+7.33)
15 Dec 2008: 1,769.84 (+29.50)
12 Dec 2008: 1,740.34 (-53.82)
11 Dec 2008: 1,787.38 (-34.32)
10 Dec 2008: 1,819.08 (+64.50)
09 Dec 2008: 1,754.58 (+95.41)
05 Dec 2008: 1,670.87 (+27.19)
04 Dec 2008: 1,660.46 (+19.80)
03 Dec 2008: 1,640.57 (+1.39)
02 Dec 2008: 1,648.31 (-41.92)
01 Dec 2008: 1,692.44 (-40.13)

DJIA 8,829.04 (+102.43)

• Golden Agri Off 2.2% at S$0.22, But Value Emerging - Nomura
• BNP Paribas Cuts SGX Target To S$3; Keeps Reduce
• CAO Buys Jet Fuel At $1.20-$1.30/Bbl Below Singapore Mean
• UOB KayHian Upgrades ComfortDelgro To Buy
• CapitaLand Upgraded To Buy From Hold By OCBC
• ComfortDelgro Target Raised To S$1.74 Vs S$1.36 - UOB KayHian
• Noble Group Started At Buy, S$1.35 Target By ABN Amro
• Jurong Technologies May Rise On Takeover Hopes
• Singapore Food Indus: Temasek In Talks To Sell Majority Stake
• CityDev May Slip; Seoul Hotel Sale Called Off