DJIA 7,850.41 (-82.35)

• Sino Techfibre Dn 6.1%at S$0.155; 4Q Results Eyed Weak -DMG
• Raffles Edu +1.1% at S$0.475; Operations Remain Strong - CS reiterates Outperform call, S$1.15 target price
• Charts Hint CapLand May Rise To S$2.97 - AmFraser
• Singapore Air: To Cut Capacity By 11% From Apr 2009-Mar 2010
• MS Cuts S'pore Offshore & Marine Targets. Cuts Keppel Corp target price to S$3.90 from S$12.50, maintains Equal-weight rating as says valuation looks fair given tough outlook. Cuts SembMarine target price to S$1.40 from S$4.80; maintains Equal-weight rating as awaits better entry point. Cuts Sembcorp Industries target price to S$2.40 from S$6.00, but maintains Overweight call as says company has lowest shipyard exposure, attractive valuation.
• Beauty China Target Cut To S$0.53 Vs S$0.70 By UOB KH
• Midas Holdings Started At Buy, S$0.69 Target By Kim Eng
• Fraser & Neave Target Cut To S$3.36 Vs S$3.95 By Kim Eng
• F&N May Fall; 1Q09 Profit Off 18.1% At S$88.9M
• Tat Hong Downgraded To Neutral Vs Outperform By Credit Suisse
• DBS Target Cut To S$11.00 From S$12.50 By JPMorgan
• SembMarine Target Cut To S$1.40 From S$4.80 By MS
• Keppel Corp Target Cut To S$3.90 From S$12.50 By MS
• Cosco Target Cut To S$0.50 From S$0.75 By Morgan Stanley
• DBS Target Cut To S$7.50 From S$8.62 By Morgan Stanley
• Olam: Aggregate Principal Amt Of Existing Bonds US$176.4M. New Bonds To Be Due 2013; S$1.656/Shr Conversion Price