DJIA 8,739.02 (-24.04)

• S'pore Mkt Upside To Come From EPS Upgrades -CS
• S-Shares Underperform After China Exports Data
• Australia Probes A330 Blaze After Emergency Landing
• Singapore Air To Fly A380 On Singapore-HK Route
• India, M'sia Face Big Fiscal Challenge -StanChart
• Raffles Education Off 6.6% at $S0.64 On Share Placement on strong volume as dilution concerns stemming from S$101.2 million share placement offset relief to China-focused education group's tight financial position. Company placing out 160 million new shares at S$0.64 each to pay debts, partly repay outstanding purchase price for Oriental University City Development acquired in 2008.
• Raffles Education Target Raised To S$0.71 Vs S$0.44 By CIMB
• Cosco Target Raised To S$1.00 Vs S$0.50 By Morgan Stanley
• Frasers Centrepoint Target Raised To S$0.75 Vs S$0.62 By OCBC
• ST Engineering Target Cut To S$2.04 From S$2.14 By UOB KH
• S'pore Palm Plays May Outperform On Oil Rise