DJIA 7,182.08 (-88.81)

• Midas Down 1.1% at S$0.43; FY08 In Line, Outlook Good -CS
• Fibrechem Woes To Weigh On S-Chips -DBS Vickers
• Wilmar +3.7% at $2.82; Bucks Market; 4Q Beat Forecast - CS maintains Outperform rating with S$3.30 target price.
• UOB 4Q Net Falls 34.4% On Higher Charges, Lower Fees
• Golden Agri-Resources 4Q Net Profit $133.3M Vs $573.8M
• UOB KayHian Downgrades China Hongxing To Sell from Buy, cuts fair price to S$0.11 from S$0.29
• Noble Target Cut To S$1.33 From S$1.58 by OCBC; Keeps Buy
• Noble Makes Rival Cash A$396M Bid For Gloucester
• Singapore Jan Bank Loans S$271.29B Vs S$272.18B Dec - MAS
• City Developments Target Cut To S$6.13 From S$7.58 By BNPP
• Sembcorp Ind May Slip; FY08 Tad Below Forecast-DB
• Noble May Fall; Core 4Q Below Expectations - CS
• STI May Fall; Bottom Eyed Around Mid Year -Nomura
• Wilmar Intl 4Q Net +59.7% On Tax Writeback,Lower Cost
• Sembcorp Ind Target Cut To S$2.20 From S$2.57 By Daiwa

DJIA 7,270.89 (-80.05)

• STX Pan Ocean 4Q Net Loss US$95M Vs US$175M Profit
• City Devts 4Q Net Dn 57%; Sees Challenging Yr
• India Coal Demand To Grow Despite Slowdown -Official
• S'pore Straits Times Index Erases Gain; Down 0.2% At 1613.86
• OCBC Cuts Straits Asia Target To S$1.15;Keeps Buy
• China Hongxing +4.6% at S$0.115 But Still Down 29% This Week
• Ho Bee Investment Target Cut To S$0.63 From S$0.76 By CIMB
• Delong Holdings Fair Value Cut To S$0.21 From S$0.34 -UOB-KH
• City Developments 2008 Net Profit S$581M Vs S$725M
• SIA Target Cut To to S$10.52 From S$11.53 By Daiwa
• Singapore Exchange Target Cut To S$6.00 From S$9.00 By UBS
• Singapore 2008 Unemployment Rate Averaged 2.3% - Survey
• Yanlord Land May Slip; 4Q Net Profit Dn 32% Y/Y
• OCBC Cuts Straits Asia Resources Target To $1.15 From S$1.35

DJIA 7,350.94 (+236.16)

• UOL Group Target Cut To S$2.59 From S$2.88 By OCBC
• SembMarine Target Cut To S$1.74 From S$2.40 By Kim Eng
• Macquarie Raises SingTel Target Price To S$3.10
• STI Likely To Rise On US Cue; 1655 Resistance
• Venture Corp Target Cut To S$7.90 From S$9.00 By UBS
• Singapore Post Target Cut To S$1.07 From S$1.20 By Goldman
• SPH Target Cut To S$3.05 From S$3.71 By Nomura
• Yangzijiang Target Raised To S$0.44 From S$0.35 By HSBC
• SingTel Target Raised To S$3.10 From S$2.95 By Macquarie
• SembMarine May Rise; FY08 Result Solid -Macquarie
• SembMarine Target Cut To S$2.10 From S$3.00 By Macquarie

DJIA 7,114.78 (-250.89)

• UOL Group FY Net Profit S$147.2M Vs S$758.9M
• S-Shares Tumble On Fibrechem, Hongxing Concerns
• STI's Underperformance May Be Unjustified - UBS
• Yangzijiang Dn 1.2% at S$0.41, But Still Outperforms Peers
• Noble Concerned About Gloucester-Whitehaven Merger
• Scrap Gold Plentiful;Good Interest In Paper Gold, Silver -UOB
• Cosco Corp Target Cut To S$0.62 From S$0.76 By DBS Vickers
• China Hongxing Off 31% at S$0.10; Margin Calls Eyed-Traders
• Cosco Corp Target Cut To S$0.51 From S$0.55 By Credit Suisse
• Asian Shares Slump After Dow Hits 1997 Low
• Bukit Sembawang Target Cut To S$3.99 From S$4.21 By Nomura
• Yangzijiang May Slip On Margin, Cost Concerns
• CapitaLand Target Cut To S$1.84 From S$1.99 By Citi
• Olam Intl To Issue $106.1M In New Bonds Under Exchange Offer

DJIA 7,365.67 (-100.28)

• Cosco Corp 2008 Net Profit S$302.6M
• CIMB Cuts End-2009 Singapore STI Target To 1800
• CIMB Starts Midas At Outperform, S$0.70 Target
• Chip Eng Seng Target Raised To S$0.29 Vs S$0.20 By Westcomb
• Hyflux WT +5.2% at S$0.32; FY08 Better Than Forecast - CS
• Keppel Land Started At Buy By BNP Paribas; S$1.90 Target
• Wilmar Started At Hold By Daiwa; S$3.46 Target
• First Resources Started At Buy By Daiwa; S$0.47 Target
• Indofood Agri Started At Buy By Daiwa; S$0.94 Target
• Golden Agri-Resources Started At Buy By Daiwa; S$0.39 Target
• Kencana Agri Started At Outperform By Daiwa; S$0.16 Target
• Deutsche Bank Launches Four ETFs On The Singapore Exchange. The funds include the S&P 500 Short ETF. The other ETFs are MSCI Taiwan TRN Index ETF, FTSE/Xinhua China 25 ETF and the S&P CNX Nifty ETF.
• Japan Foods Likely To Fall On SGX Debut at S$0.20 each
• Singapore PM: 2009 GDP Could Contract More Than 5% - Report
• Neptune Orient Target Raised To S$1.14 Vs S$0.96 -Phillip Sec
• Singapore Jan CPI Likely +2.5%; Price Pressures Ease

DJIA 7,465.95 (-89.68)

• SingTel:To Begin HTC Google Phone Sale In Singapore Saturday
• Japan Foods Likely To Fall On SGX Debut Mon. 13.5 million shares, at S$0.20 each
• Kim Eng Downgrades F&N To Hold, cuts target price to S$2.15 from S$3.36
• China XLX Off 2.7% at $S0.365; 4Q Broadly In Line-Analyst
• Asian Shares Fall As Financials Hit; HSI Dn 2.6%
• Whitehaven Coal, Gloucester Coal To Merge
• S'pore Jan CPI Rise Likely Slower, +2.5% - Poll
• NOL +1.7% at S$1.18; Raises Asia-Europe Freight Rates
• ARA Flat After FY08 Result; Well Positioned - CS
• OCBC Target Cut To S$5.30 From S$5.60 By DB; Keeps Hold
• StarHub, SingTel Up; Dividend Yields Solid -DMG
• SMRT Cuts Fares On Premium,Express Services
• Genting ISingapore Recalls Wyeth Milk Formulas Over Nutrient Approval ntl Down 1.2% at S$0.42; Lacks Catalysts - CIMB
• Indofood Agri Target Cut To S$0.99 From S$1.65 By Kim Eng
• Fraser & Neave Target Cut To S$2.15 From S$3.36 By Kim Eng
• Mapletree Log Trust Restarted At Buy By OCBC; S$0.45 Target
• Venture May Slip On 4Q08 Profit Fall, HP Guidance
• Venture Corp Target Cut To S$5.20 From S$7.50 By Citi

DJIA 7,555.63 (+3.03)

• SembMarine Faces Customer Financing Risks -GS
• Hyflux +5.4% at S$1.75; Industrial Ops May Weigh - Brokers
• UBS Raises ST Engineering To Buy But Cuts Target to S$2.33 from S$2.50
• Adviser Says UOL's Offer Price For Co 'Not Fair'
• Neptune Orient Lines Raised To Neutral From Sell By UBS
• STI May Rise; Signs Of Resilience Emerging-Trader
• OCBC Target Cut To S$4.20 From S$4.85 By BNP Paribas
• Hyflux Target Cut To S$2.50 From S$3.00 By JPMorgan
• Jardine Strategic Target Cut To US$12.50 Vs US$20.76 By JPM
• Jardine Matheson Target Cut To S$23.00 From S$36.61 By JPM
• Neptune Orient Lines Target Cut To S$1.20 From S$1.50 By MS
• OCBC Target Cut To S$5.00 From S$5.30 By DMG
• MobileOne Target Cut To S$1.67 From S$2.16 By Phillip Sec
• China Hongxing Target Cut To S$0.18 From S$0.24 By Deutsche

DJIA 7,552.60 (-297.81)

• Singapore MAS To Sell S$700M In 20-Year Bonds; 3.500% Coupon
• Phillip Sec Cuts Starhub Target To S$2.14
• OCBC 4Q Net -30% On Bad Loans,Non-Interest Income
• Olam Off 0.8% at S$1.23; Bond Swap To Cut Gearing - DBS Vickers maintains Buy call, S$1.70 target price.
• S'pore Telcos Still Good Defensive Play - BNPP
• Great Eastern Hldgs 4Q Above Expectations -CS
• ST Engine May Fall;Co Expects Flat '09 Pretax Pft
• China Hongxing Sports Target Cut To S$0.17 From S$0.72 By CS
• ST Engineering Target Cut To S$2.50 From S$2.85 By Daiwa
• Keppel Corp Started At Buy By BNP Paribas; S$5.00 Target
• Epure Intl Started At Neutral By Nomura; S$0.35 Target
• ST Engineering Target Cut To S$3.00 Vs S$3.30 -Deutsche Bank
• SIA Target Cut To S$10.55 From S$12.62 By Nomura

President's Day

• China Hongxing Dn 8.3% at S$0.165; FY08 Below Forecast -CIMB
• US Dollar Extends Gains Vs Singapore Dlr; Trades At S$1.5300
• Temasek Won't Cut China Bank Stakes Over Next 6 Mos - Report
• DB Cuts Mapletree Target To S$0.52; Keeps Buy
• China Aviation Oil Cut To Sell From Neutral By DMG
• Singapore Airlines Cut To Trading Sell From Neutral By CIMB
• US Dollar Rises Vs Singapore Dollar; Trades At S$1.5200
• DB Cuts Suntec REIT Target To S$0.73; Keeps Buy
• SIA May Edge Lower On Weak Jan Operating Data
• S'pore Ppty Stks May Fall On Weak Jan Sales Data

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

DJIA 7,932.76 (-6.77)

• Singapore Jan Bunker Sales 3.02M Tons, Up 10.4% Vs Dec
• DMG Ups Olam Target To S$1.83, Keeps Buy Call
• DBS 4Q Net Falls 40% On Bad Debt, Lower Fees
• Chip Prices Rebound But Co Losses To Continue
• Olam Cut To Sell From Underperform By CLSA; S$0.88 Target
• Chartered Semi Off 1.7% at S$0.295; No Recovery In '09 - DMG
• SingTel, A-REIT, AIT Best S'pore Yld Plays - BNPP
• China Essence +2.3% at S$0.225; 3Q Beat Forecast - Westcomb
• Singapore Land +1.9% at S$3.28; Ops Still Sound - Kim Eng
• Olam +8.1% at S$1.46; Solid 2Q Shows Robust Model - DB maintains Buy rating with unchanged S$1.75 target price
• ComfortDG May Slip; Dividend May Disappoint - UBS reiterates Buy call, S$1.75 target price
• DBS Group 4Q Net Profit S$295M Vs S$491M; Expected S$326M
• Olam May Head Higher; 2Q Net Profit Up 174% Y/Y

DJIA 7,939.53 (+50.65)

• Singapore To Join International Anti-Piracy Mission -Minister
• Pressure On S-REITs' DPU Mounting - Phillip Sec
• Raffles Education Cut To Sell From Underperform By CLSA
• SMRT +0.6% at SS$1.60; Deutsche Bank Raises Target To S$2.00
• Cosco, Yangzijiang Outperform S-Shrs On China Aid
• Tiong Woon Downgraded To Neutral From Buy By DMG
• Hour Glass Target Cut To S$0.56 From S$0.90 By Kim Eng
• City Developments Target Cut To S$4.46 From S$5.20 By GS
• ST Engineering Cut To Underweight From Neutral By JPMorgan
• Singapore Airlines Target Cut To S$13.00 From S$14.00 By CS
• Cambridge Industrial Trust Downgraded To Hold By Phillip Sec
• ASL Marine May Rise; 2Q09 Net Profit Up 10.6% Y/Y
• ASL Marine Downgraded To Hold From Buy By UOB KayHian

DJIA 7,888.88 (-381.99)

• Celestial Off 3.0% at S$0.325; Refinancing Fears Weigh
• Singapore Banks' 4Q Net Seen Down As Recession Hits
• Synear Food Dn 3.7% at S$0.26; FY08 Earnings Concerns Weigh
• Starhub Target Raised To S$2.20 Vs S$2.08 By DBS Vickers
• Kim Eng Starts Ascott REIT At Buy; S$0.77 Target
• CapitaMall Trust Target Cut To S$1.21 From S$2.07 By CS
• Singapore Telecom Target Cut To S$2.92 Vs S$3.03 By Merrill
• U.S. Stocks Fall After Treasury Plan Disappoints
• SIA May Fall; 3Q09 In Line But Outlook Poor - GS
• Neptune Orient Lines Target Cut To S$0.90 Vs S$1.00 By Nomura
• CapLand Target Cut To S$2.56 Vs S$5.18 By Daiwa; Keeps Hold
• StarHub May Outperform; 4Q Beat Forecast - JPM
• SingTel Target Cut To S$2.63 From S$3.52 By HSBC; Neutral

DJIA 8,270.87 (-9.72)

• CIMB Restarts Yongmao At Neutral, S$0.20 Target
• Singapore Seeks More Tourists From Neighbors - Minister
• Olam +6.3% at S$1.36; Risks To Earnings Limited - CS
• Temasek May Cut Stakes In CCB, BOC -Champlus
• Singapore Dlr Flat Late; Mkt Awaits US Stimulus Package Vote
• DBS Valuation To Catch Up With UOB, OCBC - JPM
• CapitaLand Target Cut To S$1.96 Vs S$2.33 By Deutsche Bank
• CapitaMall Target Cut To S$1.96 Vs S$2.30 By Deutsche Bank
• CapitaMall Trust Downgraded To Outperform From Buy By Daiwa
• STX Pan Ocean To Issue Bonds Worth KRW150B At 8.2% Interest
• UBS Downgrades Singapore Petroleum To Neutral
• SingTel Down 0.8% at S$2.41 As FX Impact On Earnings Eyed
• CapLand's Ops Outlook Dim Despite Rights Issue-MS
• CapitaLand Target Cut To S$2.81 Vs S$3.72 By Goldman Sachs

DJIA 8,280.59 (+217.52)

• Singapore Jan Foreign Reserves US$167B Vs US$174B In Dec
• SIA 3Q Net Profit Likely Down 58% Y/Y - Poll
• Citigroup Upgrades Wing Tai To Hold;S$0.77 Target
• CapitaMall To Offer 9 Rights Units For Every 10 Units At S$0.82
• CapitaLand: To Offer 1 Rights Shr For Every 2 Shrs At S$1.30
• CapitaLand 4Q Net Profit S$78M Vs S$674.7M; Expected S$96M
• CapitaLand 4Q Rev S$703.7M Vs S$1.3B >C31.SG
• As Demand Wanes,Singapore Pvt Home Rents Face Freefall
• SingTel Off 1.6% at S$2.49; 3Q Earnings Downside Risks -ABN
• Singapore Petroleum Cut To Sell From Neutral By Goldman
• China Fishery Started At Buy By DMG; S$0.86 Target
• GuocoLand Fair Price Cut To S$1.25 Vs S$1.50 By UOB KayHian
• Olam Target Cut To S$0.57 From S$0.69 By ABN Amro; Sell
• Singapore Govt Bonds Likely To Fall On Tsys
• Wing Tai May Slip; 2Q09 Below Expectations - DB
• USD/SGD Lower; Support At 1.4850

DJIA 8,063.07 (+106.41)

• Temasek CEO Ho Ching To Step Down . Charles Goodyear, Ex-BHP Billiton CEO, To Become Temasek CEO
• Noble +5.4% at S$1.17; BDI Rise Boosts Sentiment - Analyst
• SingTel, StarHub Net Pft For Oct-Dec Likely Lower
• Raffles Education +6.2% at S$0.515;Stock Overhang Removed-CS
• Wilmar Intl Cut To Fully Valued From Hold By DBS Vickers
• SATS May Hit Multiyear Low; 3Q Profit Down 25.4%
• Li Heng Chemical Target Cut To S$0.22 Vs S$0.275 By UOB KH
• Over-Excitement In Shipping And Commodity Cues
• Raffles Education May Rise; 2Q09 Net Profit +66%
• Swiber Holdings Started At Buy, S$0.66 Target By OCBC
• Cambridge Ind Target Raised To S$0.30 From S$0.22 By Nomura

DJIA 7,956.66 (-121.70)

• DBS Asset Mgmt To Launch STI ETF On Singapore Exchange Feb 25
• Singapore Fin Min: Econ Momentum Declining Week By Week
• UOB KH Cuts SIA Target To S$9.70; Keeps Sell
• SingTel Off 0.4% at S2.50;FX Impact On 3Q Results Expected. Buy rating and S$3.36 target price.
• STX Pan Ocean, Mercator Higher On BDI Rise
• Credit Suisse Cuts Venture Target To S$5.40
• CityDev Denies Rights Issue Chatter;S$5.13 Support
• Venture Corp Target Cut To S$5.40 Vs S$7.13 By Credit Suisse
• US Shares Down, Weighed By Consumer Stocks
• Wilmar International:Free Float To Rise After Hldrs Liquidate

DJIA 8,078.36 (+141.53)

• SembMarine Dn 0.6% at S$1.53;Petromena Has 20% Of Orders-CS
• S'pore;Stay Defensive 1H, Go For High Beta 2H-BNPP
• SIA's 3Q Consensus Too Optimistic, EPS To Fall-DB Reiterates Sell with S$9.60 target price
• Asian Shares Mostly Up On US Lead; ASX, NZX Lagging
• Nomura Raises CCT Target To S$1.28; Keeps At Buy
• SingTel To Sell HTC's Google Android Phone In Singapore-Report
• Li Heng +1.9% at S$0.265; Nylon Yarn Prices To Firm - DMG
• SembMarine May Underperform On Petromena Fears
• CapitaCommercial Target Raised To S$1.28 Vs S$1.14 By Nomura
• S'pore Bks May Rise On Fed FX Swap Line Extension
• Fed Reserve Extends FX Swap Line With 13 Ctrl Bks To Oct 30
• MS Cuts SIA To Underweight; S$8.60 Target Price
• OCBC Cuts Lippo-Mapletree Indonesia To Hold cuts target price to S$0.24 from S$0.38
• SingTel Target Cut To S$2.75 Vs S$3.20 By JPM; Keeps Neutral

DJIA 7,936.75 (-64.11)

• Sembcorp Off 1.8% at S$2.17; Weak GBP To Hit Earnings -KE
• S-REITs Underperform On Payout Concerns
• Yangzijiang Dn 2.4% at S$0.415 On Order Cancellation Worries
• Cosco +1.9% at S$0.79 But Uncertain Outlook To Cap - CLSA
• SIA Engineering Dn 1% at S$2.05;Outlook Offsets Positive 4Q
• CapitaLand +2.5% at S$2.44;Resistance Eyed At S$2.48-S$2.50
• SingTel Off 0.4% at S$2.55; Valuations Appear Full - UBS cuts target price to S$2.72 from S$3.09
• DMG Downgrades Cambridge Industrial To Neutral. Cuts target price to S$0.32 from S$0.49
• CDL Hospitality Trusts Target Cut To S$0.95 Vs S$1.35 By UBS
• Macquarie Upgrades Hongkong Land To Neutral. Broker trims target price to US$2.26 from US$2.32
• DMG Cuts China XLX Fertiliser Target To S$0.47

Closing STI index - February 2009

27 Feb 2009: 1,594.87 (-22.57)
26 Feb 2009: 1,617.44 (+3.00)
24 Feb 2009: 1,614.44 (-16.25)
23 Feb 2009: 1,632.18 (+37.18)
20 Feb 2009: 1,594.94 (-34.41)
19 Feb 2009: 1,629.35 (-21.71)
18 Feb 2009: 1,651.06 (+13.14)
17 Feb 2009: 1,637.92 (-42.78)
16 Feb 2009: 1,683.31 (-22.33)
13 Feb 2009: 1,707.68 (+22.72)
12 Feb 2009: 1,684.96 (-37.01)
11 Feb 2009: 1,721.97 (+18.68)
10 Feb 2009: 1,703.29 (+20.95)
09 Feb 2009: 1,682.34 (-33.01)
06 Feb 2009: 1,715.35 (+10.75)
05 Feb 2009: 1,704.60 (-2.79)
04 Feb 2009: 1,707.39 (-4.53)
03 Feb 2009: 1,714.01 (+8.72)
02 Feb 2009: 1,710.73 (-35.74)

DJIA 8,000.86 (-148.15)

• Yanlord Land Down 2.6% at S$0.925; Support Tipped At S$0.85
• Cambridge Ind Trust Cut To Sell From Outperform By CLSA
• MS Cuts SingTel To Underweight, Cuts Target price to S$2.30 from S$2.95
• Mobile One Target Cut To S$1.80 From S$2.45 - Morgan Stanley
• StarHub Target Cut To S$2.60 From S$3.00 By Morgan Stanley
• Cambridge Industrial Trust +1.8% at S$0.29;FY08 In Line-DMG
• ANZ Bank: Lee Hsien Yang Joined ANZ Board On Feb 1
• Wilmar Cut To Sell From Buy By ABN Amro; S$2.14 Target
• SingTel Cut To Underweight From Equalweight By MS
• Venture Target Cut To S$5.90 From S$8.50 By Daiwa
• Singapore Reserves For One-Off Measures,Not Welfare -Minister
• CDL Hospitality Trusts Target Cut To MYR1.29 Vs MYR1.43 -UOB
• SingPost May Fall; 3Q09 Net Profit Down 0.5% at S$36.6 million
• Chartered Semiconductor Downgraded To Sell From Hold By OCBC