DJIA 7,522.02 (-254.16)

• DBS Is Top Pick Among Singapore Banks - UBS
• STX Pan Ocean Dn 0.6% at S$10.02;Industry Outlook Still Poor
• JPMorgan Cuts Singapore Market To Underweight
• Olam Preferred To Noble In Near Term - UBS
• NOL May Fall; Operating Data Remains Weak
• Keppel Corp Target Raised To S$4.55 From S$4.48 By DMG
• Keppel Corp Target Raised To S$3.60 From S$3.20 By Goldman
• KSH Holdings Started At Neutral, S$0.11 Target By DMG
• Credit Suisse Downgrades Wilmar To Neutral from Outperform on limited upside to its unchanged target price of S$3.60
• Singapore Straits Times Index Opens +2.3% At 1712.34

DJIA 7,776.18 (-148.38)

• Asian Shares Slump On US Auto Woes
• Keppel Corp Unit Gets S$300M In Contracts
• SingTel: Signed Agreement For S$1.08 Bln Credit Facilities
• Noble Group To Resume Global Fuel Oil Trading Apr 1 - Traders
• Hongkong Land Cut To Underperform From Neutral By Macquarie
• CS Cuts China Sky Chemical To Underperform. Cuts target price to S$0.14 from S$0.25.
• China Essence CEO Shr Purchase May Stem Weakness
• SGX Remains Keen On Attracting China Listings - Report
• Midas Holdings Started At Buy, S$0.73 Target By DMG

DJIA 7,924.56 (+174.75)

• CapitaLand +2.5% at S$2.43; CMT Rights Take-Up Positive
• UBS Raises ST Engineering Target To S$2.72
• DMG Starts Parkway Life REIT At Buy;S$1.35 Target
• DMG Starts Parkway Life REIT At Buy;S$1.35 Target
• Nomura Cuts UOB Target To S$14.60; Keeps Buy
• Koh Brothers Cut To Hold From Buy By Westcomb
• ST Engineering Target Raised To S$2.72 From S$2.33 By UBS
• Sembcorp Ind Target Cut To S$2.08 From S$2.20 By Daiwa
• SembMarine Target Cut To S$1.59 From S$2.25 By Daiwa
• Keppel Corp Target Cut To S$4.39 From S$5.31 By Daiwa
• China EnerSave: Unit Defaults On Loan Repayments Of CNY898.8M
• STI May Edge Up On US Lead; 1780 Resistance

DJIA 7,749.81 (+89.84)

• SIA Engineering In Long-Term Services Contract With Gulf Air
• Singapore 1Q GDP To Contract 8.5%-9.5% On Yr-CIMB
• CapitaMall Trust: S$1.23B Rights Issue Oversubscribed
• Strong Economic Recovery May Lead to Oil Shortage - IEA
• CIMB Cuts SingPost Target To S$0.80;Keeps Neutral
• SembMarine +2.9% at S$1.79; Too Soon To Take Profit - BNPP
• SingTel Associates Better Bet Than Telco - MS Keeps Underweight call, S$2.30 target price
• Kim Eng Upgrades Sembcorp Industries To Buy from Hold, lifts target price to S$2.70 from S$2.49
• Singapore Post Target Cut To S$0.80 From S$0.88 By CIMB
• Parkway Life REIT Started At Buy, S$0.94 Target By Kim Eng
• Sembcorp Industries Upgraded To Buy From Hold By Kim Eng
• MacarthurCook Industrial REIT Cut To Underweight By JPMorgan
• Cambridge REIT Cut To Underweight From Overweight By JPM
• Raffles Education:Shr Placement To Raise S$30.1M Oversubscribed
• China Sun Bio-Chem Requests Share Suspension In Singapore
• UBS Upgrades Singapore Press Holdings To Buy keeps S$3.18 target price.
• STI May Lack Direction; 1664-1700 Range Eyed

DJIA 7,660.21 (-115.65)

• S'pore Commodity Plays Dn; High-Beta Out Of Favor
• Nomura Cuts Cambridge Indus Target To S$0.24
• STX Pan Ocean Names New CEO To Join Two Others
• Golden Agri's Core 2009 EPS May Fall 63% - CLSA
• ComfortDelgro Target Cut To S$1.48 Vs S$1.61 By Nomura
• SMRT Started At Buy, S$1.96 Target By Nomura
• MS Cuts S'pore Bank Targets; Keeps Underweight
• Deutsche Upgrades SIA To Buy; S$10.20 Target
• Venture Corp Upgraded To Buy From Hold By Kim Eng
• UOB Target Cut To S$8.50 From S$9.00 By Morgan Stanley
• Singapore Airlines Raised To Buy From Sell By Deutsche Bank
• Cambridge Indus Target Cut To S$0.24 From S$0.30 By Nomura
• Singapore Finance Min: Expect Econ To Bottom By End Of 3Q
• Raffles Education May Slip On Share Placement 80 million shares at S$0.381 each, representing 5.9% discount to last closing price.

DJIA 7,775.86 (+497.48)

• Straits Asia +0.6% at S$0.85; PTT's Offer "Lackluster"-OCBC
• China Hongxing +4.8% at S$0.11; Selloff May Be Over - DMG
• BNPP Cuts S'pore Mkt To Underweight; 1650 Target
• OCBC Starts Hyflux At Buy, S$2.03 Target Price
• ST Eng Target Cut To S$2.55 From S$2.80 By Citi; Keeps Buy
• OCBC Target Cut To S$5.30 From S$5.60 By Nomura
• China Hongxing Target Cut To S$0.08 Vs S$0.23 By Kim Eng

DJIA 7,278.38 (-122.42)

• CapitaLand: Ion Orchard Mall To Open July
• Straits Asia Resources To Resume Trade 0100 GMT Tuesday
• Singapore Min:GIC Portfolio Value Dn 25% From Oct 07 To Dec 08
• S-Shares Rally;Attracting Bargain Hunters-Traders
• Ezra +7.6% at S$0.635; OCBC Trims Target, Maintains Buy but trims target price to S$1.01 from S$1.09.
• STX Pan Ocean Cut To Underweight From Equalweight By MS
• SingTel's Optus To Get Australia NBN Boost - JPM Maintains Neutral rating on SingTel, says current S$2.63 target price does not yet incorporate potential impact of Australian NBN on Optus.
• Keppel Land Impairment Concerns Misplaced - BNP Keeps Buy call with S$1.90 target price.
• SGX +1.5% at S$4.79 But Market Too Bullish On Stock - DMG
• High-End S'pore Developers Getting Riskier - UOB
• Celestial Nutrifoods Auditor Warns Of Going Concern Doubt
• Singapore Feb CPI Likely +2.6% On Year Vs +2.9% Jan
• ABN Amro Starts SGX At Sell; S$3.80 Target Price
• Koh Brothers Started At Buy, S$0.15 Target By Westcomb
• Straits Asia Resources May Slip; PTT International announces pre-conditional mandatory cash offer for company below current share price at S$0.807/share cash.

DJIA 7,400.80 (-85.78)

• Keppel Land Defers Madison Residences Condominium Project In Singapore
• S'pore Commodity Stks Lead STI Gains On Oil Rise above US$50/bbl for first time this year in NY overnight.
• US Dollar Extends Fall Vs Singapore Dlr; Trades At S$1.5076
• SMRT +2.6% at S$1.60; To Join Blue Chip Index Monday
• Strategists Split On STI Outlook Post Bounce
• DBS Vickers Cuts China XLX Target To S$0.24
• Sembcorp Fund-Raising Still Possible - KELive
• CS Cuts Singapore 2009 GDP Forecast To Minus-6.5%
• JPM Cuts Wing Tai To Neutral; S$0.70 Target
• SIA Engineering Target Cut To S$2.36 Vs S$2.82 By CIMB
• China XLX Fertiliser Target Cut To S$0.24 Vs S$0.33 By DBSV
• Sembcorp Industries May Fall; S$2.00 Support Eyed
• SMRT Started At Buy, S$1.83 Target By OCBC
• Allgreen Prop Cut To Underweight From Neutral By JPMorgan
• Keppel Land Raised To Neutral From Underweight By JPMorgan
• Wheelock Prop Target Cut To S$1.20 From S$2.50 By JPMorgan
• Rickmers Maritime Trust Downgraded To Hold By Deutsche Bank
• CapitaMall Trust Target Cut To S$1.15 Vs S$1.19 By UOB KH
• STI Likely Down But Commodity Plays May Gain
• Venture Corp Target Raised To S$3.25 From S$2.90 By BNPP

DJIA 7,486.58 (+90.88)

• S'pore Bks Ring Fenced From Las Vegas Sands -UOB Maintains Market Weight call on sector; rates DBS Buy with S$10.55 target price, rates OCBC Hold with S$5.27 target; UOB not rated.
• Sembcorp Indus To Seek Shr Hldrs OK For Rts Issue On Apr 20
• Oceanus Target Cut To S$0.285 Vs S$0.535 By Daiwa
• Armstrong Industrial Target Cut To S$0.145 Vs S$0.17 By DMG
• Singapore GDP May Contract 8% In '09 - GS
• Chartered Semi Raised To Neutral From Underweight By HSBC
• Singapore Petroleum Co Started At Hold, S$2.45 Target By OCBC
• Cityspring Trust Target Cut To S$0.62 From S$0.84 By Kim Eng
• Cosco Corp Target Cut To S$0.57 From S$1.35 By Kim Eng

DJIA 7,395.70 (+178.73)

• SIA Down 4.9% at S$9.39; More Pricing Pressure Eyed-Goldman
• S'pore Bks Up But Wait For Better Entry Point-BNPP
• Singapore Central Bank Likely To Ease Policy In April
• STI +1.4% at 1,580.90;Not Time To Build M/T Positions-Analyst
• Long SingTel, Short SIA; Good Pair Trade - CIMB
• JPM Cuts OCBC Target To S$5.00; Keeps Neutral
• Allgreen Prop Target Cut To S$0.42 From S$0.51 By Goldman
• UOL Target Cut To S$1.87 From S$2.20 By Goldman Sachs
• Keppel Land Target Cut To S$1.06 From S$1.45 By Goldman
• CapitaCommercial Trust Target Cut To S$0.98 Vs S$1.66 By UOB
• OCBC Target Cut To S$5.00 From S$6.00 By JPM; Keeps Neutral
• Parkway Life REIT Started At Buy, S$0.95 Target - Phillip Sec
• Chartered Semi Target Cut To S$0.13 From S$0.19 By JPMorgan
• Noble's Gloucester Bid Boosted By Ruling -Analyst
• Asian Shares Higher But Don't Match Wall St; Builders Gain
• CapitaCommercial Target Cut To S$1.40 Vs S$1.64 By Kim Eng
• Singapore Airlines Cut To Sell By OSK; S$9.00 Target

DJIA 7,216.97 (-7.01)

• SGX May Drop To S$4.4 If Mkt Volumes Stay Thin-KE
• Olam, Noble Higher As Commodity, Oil Prices Rise
• Venture Down 2.7% at $4.64; HP Fears Priced In - Daiwa
• Myanmar Prime Minister On Official Visit To Singapore
• NOL Down 0.5% at S$0.985; Lack Of Positive Catalysts - Citi
• Nomura Cuts DBS Target To S$8.20; Keeps Neutral
• China Hongxing Off 5.3% at S$0.09; Trade Fair Orders Dn 20%
• Brokers Remain Cautious On S'pore Property Stocks
• Credit Suisse Ups Indofood Agri Target To S$0.90
• Venture Corp Target Cut To S$5.64 Vs S$6.06 By OCBC; Kept Buy
• S'pore Property Stocks May Rise On Feb Sales Jump
• UBS Cuts CapitaMall Target To S$1.25; Keeps Buy
• China Hongxing Sports Target Cut To S$0.10 Vs S$0.20 By CIMB

DJIA 7,229.98 (+53.92)

• Noble Off Highs; Significant Headwinds Eyed -CLSA
• DBS Target Cut To S$10.74 From S$12.56 By Macquarie
• OCBC Target Cut To S$5.66 From S$6.82 By Macquarie
• UOB Target Cut To S$11.92 From S$16.86 By Macquarie
• MobileOne Cut To Hold From Buy By Deutsche Bank
• StarHub Target Cut To S$2.49 From S$3.30 By Deutsche Bank
• SingTel Target Cut To S$3.00 From S$3.27 By Deutsche Bank
• Creative May Fall On US$10M Restructuring Charge
• SATS May Edge Lower On Weak Feb Operating Data
• S'pore Property Stk Dividends Among Riskiest -UBS
• Macq Cuts S'pore Bank Targets, Earnings Forecast
• CapitaMall Trust Target Cut To S$1.19 Vs S$1.52 By UOB KH
• NOL +1.0% at S$1.02; Rights Issue Denial Boosts Stk-GS
• SingTel Target Cut To S$2.25 Vs S$2.52 By DBS Vickers
• DB Cuts StarHub Target To S$2.49; Keeps At Buy

DJIA 7,170.06 (+239.66)

• Asian Shares End Week On Buoyant Note, Financials Lead
• Swiber +15.7% at S$0.295; Deploys Newly Delivered Ships
• Singapore's Retail Sales Plunge 12.2% On Year In Jan
• Raffles Education Target Cut To S$0.35 Vs S$0.45 By CLSA
• Neptune Orient Lines: 'Not Undertaking' Rights Issue
• Singapore Remains Short Of Babies, Government Says
• S'pore Banks May Get Mark-To-Market Boost -DBS
• S'pore Telcos Lag; Are Defensive Plays-BNPP
• CapitaLand Back Above S$2; S$2.22 N/T Resistance. Keeps Buy call but cuts target price to S$2.70 from S$3.06
• Nomura Cuts Noble Target To S$1.31; Keeps Buy
• CapitaLand Target Cut To S$2.70 From S$3.06 By Kim Eng
• Raffles Ed +5.9% at S$0.36; Associate's Woes Isolated -DBS
• SPH Target Cut To S$2.91 From S$3.23 By Credit Suisse
• SingTel Target Cut To S$3.32 From S$3.52 By Credit Suisse
• Noble Target Cut To S$1.31 From S$1.40 By Nomura; Keeps Buy
• Singapore Press Hldgs Upgraded To Buy From Hold By OCBC
• STI Likely Higher On US Cue; 1530 Resistance
• S-Share Problems "Clearly Negative" For SGX -CS

DJIA 6,930.40 (+3.91)

• Olam +3.4% at S$1.23; Growth Eyed Resilient Amid Downturn
• S'pore Banks Cheap, Balance Sheets Strong -UBS
• Citigroup Cuts Raffles Education Target To S$0.40
• Credit Suisse reiterates Outperform call with unchanged S$1.15 target price
• Ferrochina: No Updates On Creditors' Plan To Reorganize Units
• Ferrochina: Fincl Chief Resigns To Pursue Other Opportunities
• Raffles Education Resumes Trade; Opens Down 12.7% At S$0.275
• Raffles Education Downgraded To Neutral Vs Outperform By CIMB
• Sino-Environment Opens Down 49.2% At S$0.15
• Noble Group Started At Outperform, S$1.50 Target By CIMB
• Raffles Education: Could Write Off S$34.6M If Oriental Fails. Have 29.9% Stake In Oriental Century
• Olam Intl Started At Buy, S$1.37 Target By OCBC
• Keppel Land May Fall As Market Awaits STI Changes
• Raffles Education Seeks Trading Halt Pending Announcement. Oriental Century: Former CEO Inflated Sales, Cash Balance
• ST Engineering Target Cut To S$2.70 From S$3.60 By Kim Eng

DJIA 6,926.49 (+379.44)

• Chartered Semi Target Cut To S$0.11 From S$0.22 By BNPP
• S'pore Banks Rally On US Lead; MS Cautious
• Singapore Airlines Invites Staff To Take Unpaid Leave -Report
• Dairy Farm Target Cut To S$4.40 From S$5.36 By JPMorgan
• ComfortDelGro Target Cut To S$1.35 From S$1.50 By CS
• Yangzijiang Target Cut To S$0.47 From S$1.30 By UBS
• Daiwa Cuts CapitaMall To Hold; S$1.27 Target
• Singapore Straits Times Index Opens +2.8% At 1527.21

DJIA 6,547.05 (-79.89)

• Chartered Semiconductor Downgraded To Sell From Hold By DMG
• NOL Considers Minimum US$250M Rights Issue In 1H - Sources
• DBS Vickers Ups Wilmar To Hold, Lifts Target lifts to S$3.00 from S$2.50
• Keppel Land Off 0.9% at S$1.13; May Be Dropped From STI
• Kim Eng Cuts Keppel Corp To Sell, Lowers Target
• Indofood Agri Started At Buy, S$0.75 Target By DBS Vickers
• Chartered Semiconductor Opens Down 19.5% At S$0.165
• GS Cuts SingTel Target To S$2.43; Keeps Neutral
• U.S. Stocks Fall Despite Deals; DJIA At 12-Yr Low
• SingTel Target Cut To S$2.43 From S$2.67 By Goldman Sachs
• Parkway Holdings Target Cut To S$1.60 From S$2.10 By UBS
• Chartered Semi Likely Dn; Confirms Rights Issue
• Ascendas REIT Target Price Cut To S$1.60 Vs S$1.92 By UOB
• STI May Edge Lower; But Mini Rebound Eyed-DBS

DJIA 6,626.94 (+32.50)

• CDG,SMRT Eyed In STI; KepLand,Yanlord Out - Nomura
• CLSA Initiates Noble At Sell; S$0.70 Target
• Jardine Matheson Target Cut To US$14.40 Vs US$18.50 By Citi
• Jardine Strategic Target Cut To US$10.00 Vs US$12.00 By Citi
• Biosensors May Edge Higher; Gets New CE Mark
• Noble Group Target Cut To S$1.59 From S$3.06 By Daiwa
• SMRT Upgraded To Buy From Hold By Phillip Securities
• ComfortDelgro Started At Hold, S$1.37 Target By Phillip Sec
• Ezra May Edge Up; Cancels 2 Building Contracts

DJIA 6,594.44 (-281.40)

• S-Chip Agri Stocks To Get Subsidy Boost - DMG
• Golden Agri To Benefit From CPO Price Rebound-ABN
• Asian Shares Fall, Banks Drop; US Jobs Data Awaited
• Daiwa Cuts Olam Target To S$1.65; Keeps Buy
• Seven Signs Asia Stabilizing - Merrill
• Sino Environment Halts Shrs; Major Holder In Default
• Citi Cuts CapitaMall Target To S$1.50; Keeps Buy
• Sino-Environment Suspends Trading Of Shares
• Olam Target Cut To S$1.65 From S$4.01 By Daiwa; Keeps Buy
• Sino Environment:Major Shareholder In Default To Hedge Funds
• Hongkong Land Likely Down; US$109M Loss In FY08
• Hongkong Land Raised To Neutral Vs Underperform-Credit Suisse
• Hongkong Land Raised To Overweight From Neutral By JPMorgan
• Allgreen Properties Target Cut To S$0.42 From S$0.48 By CS

DJIA 6,875.84 (+149.82)

• S'pore Banks Still Underperforming; OCBC Leads
• Synear Food +12.1% at S$0.185; Collecting Receivables - CIMB
• MS Cuts Wing Tai To Underweight; S$0.62 Target
• DBS Vickers Downgrades SPC To Fully Valued. Keeps target price at S$2.11
• Ezra +1.9% at S$0.525; New Charter At Higher Rate - JPM has Underweight rating, S$0.60 target price
• Ezra Holdings Target Cut To S$0.45 From S$0.67 By DMG
• STI Likely To Rise On China Stimulus Hopes
• Keppel Land Target Cut To S$1.17 From S$2.11 By MS
• City Developments Target Cut To S$4.02 From S$6.16 By MS
• Allgreen Properties Target Cut To S$0.35 From S$0.42 By MS
• Wing Tai Cut To Underweight from Equalweight By MS

DJIA 6,726.02 (-37.27)

• Banks, Telcos Best S'pore Dividend Bets - OCBC
• Temasek Has Been Cutting Stake In China Minsheng Bank-Source
• DBS Target Cut To S$9.50 From S$11.00 By BNPP; Maintains Buy
• Beauty China +50%; Tue's Fall Due To Forced Sale
• Capitaland May Fall; S&P Cuts Credit Rating
• USD/SGD Higher; Resistance At 1.5580 - Trader
• CapitaMall Trust Target Cut To S$1.42 From S$1.96 By DB
• Raffles Medical Started At Buy, S$1.07 Target By Nomura
• Nomura Starts Parkway At Buy, S$1.85 Target
• DBS Raised To Buy By OCBC Investment Research; S$8.20 Target

DJIA 1,522.04 (-11.36)

• Beauty China Dn 48.7% at S$0.19;Major Holder Eyes Stake Sale
• DB Cuts Wilmar Target To S$3.10; Keeps Buy
• SingTel Enters IT Services Agreement With QTel
• Credit Suisse Lifts Wilmar Target To S$3.60
• UOB Target Cut To S$11.30 From S$12.40 By DB; Keeps Hold
• SingTel +2.4% at S$2.54; Over 5% Dividend Yield - BNPP
• GS Ups Indofood Agri To Buy; S$0.70 Target Price
• OCBC Downgrades Swiber To Hold, Cuts Target Price to S$0.35 from S$0.66
• SPH Down 1.2% at S$2.57; Ad Demand Deteriorating - CS
• Goldman Cuts Jardine C&C Target To S$9.50
• ABN Amro Cuts UOB To Hold;Lowers Target To S$9.00
• KepCorp Orders Healthier Than SembMarine's - CS
• STI Off 1%; Technical Rebound Possible - Analyst
• Li Heng Chemical Target Cut To S$0.235 Vs S$0.49 By DMG
• S'pore Ppty Stks May Fall; Office Demand Worries
• Li Heng Chemical Target Cut To S$0.13 Vs S$0.31 By Kim Eng
• Singapore Straits Times Index Opens Down 1.6% At 1509.48

Closing STI Index - March 2009

31 Mar 2009: 1,701.49 (+28.35)
30 Mar 2009: 1,673.14 (-72.52)
27 Mar 2009: 1,742.30 (-16.49)
26 Mar 2009: 1,758.79 (+67.11)
24 Mar 2009: 1,706.34 (+42.26)
23 Mar 2009: 1,664.08 (+67.16)
20 Mar 2009: 1,596.92 (+12.06)
19 Mar 2009: 1,584.86 (+8.92)
18 Mar 2009: 1,575.94 (+16.91)
17 Mar 2009: 1,558.71 (-27.61)
16 Mar 2009: 1,586.32 (+8.80)
13 Mar 2009: 1,574.79 (+81.26)
12 Mar 2009: 1,493.53 (-11.98)
11 Mar 2009: 1,505.51 (+19.76)
10 Mar 2009: 1,485.75 (+28.80)
09 Mar 2009: 1,456.95 (-56.17)
06 Mar 2009: 1,509.36 (-9.28)
05 Mar 2009: 1,518.64 (-25.70)
04 Mar 2009: 1,538.73 (+10.22)
03 Mar 2009: 1,528.51 (-4.89)
02 Mar 2009: 1,533.40 (-61.47)

DJIA 7,062.93 (-119.15)

• CapLand Off 9.1% at S$1.80; Dilution, Weak Ppty Mkt Weigh
• Wilmar +1.7% at S$2.93, Bucks Mkt; Earnings Resilient -CIMB
• Noble-Gloucester Bid Better Than Whitehaven, A$4.85-a-share cash offer for Gloucester Coal -ML
• UOB Dn 6.2% at S$9.37;Brokers Cut Targets Post FY08 Results
• Asian Shares Drop On Bank Woes; Nikkei Falls 3.2%
• Swiber Off 9.8% at S$0.415; 4Q08 Results "Horrendous" - DBSV
• Li Heng Off 3.6% at S$0.135; Incurs 4Q08 CNY8.7M Loss
• Yongnam May Outperform; FY08 Results "Strong" -CS maintains Neutral rating, ups target price to S$0.11 from S$0.09
• STX Pan Ocean Target Cut To S$4.40 From S$7.00 By HSBC
• Yanlord Target Raised To S$0.57 From S$0.50 By Macquarie
• OCBC Target Cut To S$4.25 From S$4.80 By Citi; Keeps Sell
• UOB Cut To Neutral From Overweight By HSBC; S$10.00 Target
• UOB Target Cut To S$10.30 From S$13.90 By BNP Paribas
• Cosco To Delay Delivery Of 3 Vessels To Asian Shipping Co
• Cambridge REIT Started At Hold By ABN Amro; S$0.23 Target