DJIA 8,403.80 (+103.78)

• Singapore Dlr Up Late On Rise In Equities Market; Bonds Down
• Citi Raises Tat Hong Target To S$1.50; Keeps Buy
• GS Trims SingPost Target To S$1.00; Keeps Buy
• Chartered Semiconductor +2.3% at S$2.23 But Bid Hopes Fade
• Singapore Confirms 3 More Type A/H1NI Flu Cases
• Indofood Agri Target Raised To S$1.90 From S$1.50 By Goldman
• Wilmar Target Raised To S$5.68 From S$3.80 By Nomura
• Abu Dhabi Invest Co Offers S$2.45B For Chartered Semi - buy Temasek Holdings Pte. Ltd.'s 60% stake in Chartered Semiconductor Manufacturing Ltd.
• STI Likely To Set New YTD High; 2390 Resistance

DJIA 8,300.02 (-173.47)

• SPH Ad Spend Showing Signs Of Recovery - UOB Maintains Buy rating, S$3.90 target price
• Credit Suisse Ups Venture Corp Target To S$7.90
• Singapore Exchange Target Raised To S$9.00 Vs S$6.50 By UBS
• Singapore Rigbuilders Head Lower On Profit-Taking
• DBS Vickers Upgrades China Hongxing To Buy Raises target price to S$0.26 from S$0.23
• Gold Scrap Supply Won't Hold Back Next Rally - Mitsui
• Singapore Fin Min: Temasek Lost S$58B From March-Nov 2008
• Temasek Sold BofA Shrs Because Of Higher Risk Environment
• HL Finance Target Raised To S$3.10 From S$2.79 By Macquarie
• SingPost +0.6% at S$0.86; US IP Deal Positive - CIMB
• Golden Agri Pares Losses; Selling Pressure Easing
• S-Chip Oil Services Plays Rally On Crude Rise
• Genting Singapore Confirms 854M Shrs Sold By Holders entities connected to the family of Genting founder Tan Sri Lim Goh Tong, at S$0.72 a share.
• STI Dn 1.3%; Wed's High May Be Whipsaw -Analyst

DJIA 8,473.49 (+196.17)

• Golden Agri Dn 1.1%;Cash Call Not Surprise-Analyst. Rights issue priced at S$0.18/share on 17-for-100 basis with 2 free detachable warrants for every 5 rights shares subscribed.
• S'pore Rally Backed By Better Fundamentals - UBS
• Golden Agri-Resources Halted; Cash Call Eyed
• Associate's Profit Warning May Cap CityDev Gains
• SIA Engineering Target Raised To S$2.70 From S$2.00 By GS
• Golden Agri-Resources Requests Trading Halt Of Shares
• STI May Clear 2283 YTD High On US Rally

US market closed

• OCBC Raises Pacific Andes Target To S$0.63
• Genting Singapore +0.6% at S$0.89; Recent Momentum Wanes
• Celestial Down 21.2% at S$0.205 On Bond Repayment Woes
• Credit Suisse Lifts SIA Target To S$15.07
• Keppel Corp Target Raised To S$7.92 From S$4.83 By Nomura
• Keppel Corp Target Raised To S$5.20 From S$3.70 By Goldman
• Genting Singapore Target Raised To S$0.76 From S$0.45 By OCBC

DJIA 8,277.32 (-14.81)

• DBS Vickers Upgrades SPC To Buy, raises target price to S$6.25 from S$2.11
• Pacific Andes +19.7% at S$0.365; Debt Concerns Eased - DBSV
• Genting +11.1% ay S$0.90; Valuation Looks Rich - Analyst
• Singapore Petroleum Upgraded To Buy Vs Fully Valued By DBSV

DJIA 8,292.13 (-129.91)

• STI Down 0.6% at 2197.86; US Lead Weak, CapitaLand Slips
• MobileOne Target Cut To S$2.30 From S$2.58 By Goldman Sachs
• STX Pan Ocean +0.7% at S$14; Rights Issue Possible - CIMB
• MS Ups NOL Target To S$1.30; Keeps Equal-Weight
• Parkway Most Prone To Lower Patient Loads - DMG
• S-REITs Lag Market Amid CCT Rights Issue Chatter
• Macquarie Ups SGX Target To S$8.80; Outperform
• CapitaCommercial Halted; Cash Call Plan Suspected

DJIA 8,422.04 (-52.81)

• Singapore GDP May Be Bottoming, Stimulus Unlikely
• City Developments Target Raised To S$10 Vs S$5.10 By BoA-ML
• Ezra Dn 4.6% at S$1.24; New Shares Dilute FY10 EPS 11% -DMG
• Singapore 1Q GDP -14.6% On Qtr;Econ May Be Bottoming
• SGX Target Raised To S$8.30 From S$5.30 By Kim Eng

DJIA 8,474.85 (-29.23)

• AmResearch Starts NOL At Sell; S$1.33 Target
• Singapore Dlr Little Changed Late; Mkt Seeks More Cues On Econ
• Wilmar Started At Buy By Kim Eng; Sets S$5.70 Target
• Golden Agri +12% But CPO Downtrend Eyed In 2H-UBS
• S'pore Airlines Target Raised To S$12.02 From S$9.60 By CLSA
• Singapore Airlines Target Raised To S$9.30 From S$8.50 By MS
• Golden Agri Target Cut To S$0.30 From S$0.35 By UBS
• STI May Trade In 2200-2284 Range On Mixed Cues

DJIA 8,504.08 (+235.44)

• Golden Agri +9.5%at S$0.405; Oversold On Weak 1Q - CLSA upgrades stock to Buy from Sell, raises target price to S$0.45 from S$0.21
• OCBC Cuts Suntec REIT To Hold; S$0.84 Target
• Nomura Upgrades OCBC To Buy; S$8.10 Target Price
• Singapore Straits Times Index Extend Gain; +3.1% At 2244.35
• STI May Rise On Bullish US; 2242 Resistance

DJIA 8,268.64 (-62.68)

• Jaya Holdings Pares Loss, Dn 3.9%, S$0.46 Support
• Singapore April Non-Oil Domestic Exports Down 19.2% On Year
• China Hongxing Target Raised To S$0.18 Vs S$0.11 By Deutsche
• Golden Agri-Resources Cut To Neutral From Trading Buy By CIMB
• Daiwa Ups SingTel To Outperform; S$3.26 Target

DJIA 8,331.32 (+46.43)

• CS Ups Straits Asia Target; Keeps At Underperform
• Singapore Telecom Target Raised To S$2.85 Vs S$2.63 By HSBC
• Golden-Agri Resources Considering Rights Issue
• Golden Agri-Resources 1Q Net Profit $8.6M Vs $135.7M
• Temasek Made About $1.3B From BoFa Stake Sale - Source
• SIA +2.9% at S$11.94; SATS Shr Distribution Positive-Brokers
• Temasek Reports No Bofa Shares At March 31
• UOB Cuts SingTel To Hold; Keeps S$2.95 Target
• STI May Edge Up; 2185 Cap; Low Volume Eyed
• CSE Global Target Raised To S$0.72 From S$0.47 By BNPP
• Straits Asia Res Target Raised To S$1.05 From S$0.80 By CS
• Yongnam Target Raised To S$0.18 From S$0.11 By Credit Suisse

DJIA 8,284.89 (-184.22)

• StarHub +3.5% at S$2.08,Parkway Off 9.8% at S$1.29; MSCI Changes
• StarHub: To Offer HTC's Google Android-Powered Phone 'Soon'
• GS Raises Sembcorp Ind Target To S$2.40; Neutral
• SingTel Target Raised To S$3.05 Vs S$2.75 By DBS Vickers
• Wilmar Intl Target Raised To S$3.94 From S$3.46 By Daiwa
• STI Likely Down On US Cue; 2100 Support Eyed

DJIA 8,469.11 (+50.34)

• UBS Raises Sembcorp Industries Target To S$4.04
• Corporate Woes Rising As Asia Reels From Crisis - IMF
• Tiong Woon +13.7%; CIMB Ups Target To S$0.75
• Sembcorp Indus Dn 0.3% at $S3.09;Better Bets Elsewhere-Daiwa
• Noble +2.0% at S$1.54; Share Sale Not A Concern - Nomura trims target price to S$1.71 from S$1.73
• Keppel Land Target Raised To S$1.80 Vs S$1.32 By CIMB
• Demand, Freight Rates Stabilising For NOL - CS
• Sembcorp Ind Target Raised To S$4.20 From S$3.30 By DB
• Wilmar May Head Higher; 1Q Net Profit +10.8% Y/Y

DJIA 8,418.77 (-155.88)

• Noble Group Raises US$125.5M In Share Sale -Source
• UOB Target Raised To S$16.50 From S$14.00 By Citigroup
• Whitehaven Says Noble's Bid For Gloucester Coal Opportunistic
• Jardine Math Target Raised To US$26.58 From US$23.00 By JPM
• SIA Engineering May Fall On Outlook, Dividend Cut

DJIA 8,574.65 (+164.80)

• STI Likely To Rise On Econ Hopes; May Test 2300
• F&N May Fall; Ppty Outlook Cautious, Div Cut Eyed
• Wilmar Target Raised To S$4.60 From S$3.40 By BNP Paribas

DJIA 8,409.85 (-102.43)

• S'pore Mkt Rally Far From Over; 2650 Target - UBS
• World Stock Markets: Tokyo Reopens To 4.6% Gain

DJIA 8,410.65 (-16.09)

• Asian Shares Mixed, Off Highs; Some Caution On BoA
• Noble Target Raised To S$1.95 From S$1.35 By Macquarie
• Raffles Ed Down 5.9%; Lower Student Numbers Eyed CIMB retains Neutral call but raises target to S$0.44 from S$0.35
• Noble Group Target Raised To S$1.05 From S$0.95 By CS
• Noble +0.7% at S$1.47; Good Play On Trade Rebound - RBS
• Potential US Tax Move Could Impact S'pore, HK-UBS
• Keppel Corp Target Raised To S$7.51 Vs S$4.90 By BNP Paribas
• SembMarine Target Raised To S$3.10 Vs S$2.06 By BNP Paribas
• STI +0.5% at 2,084.89; Bucks US Cue, Trade Choppy; 2100 Cap

DJIA 8,426.74 (+214.33)

• Noble Ups Gloucester Coal Offer 24% To A$490 Million
• Sharp Fall In Singapore Market Possible - KELive
• Citigroup Lifts Yanlord Land Target To S$2.09
• Cosco Corp May Edge Up On First FY09 Contract Win
• Indofood Agri Resources Raised To Outperform By Macquarie

Closing STI Index - May 2009

29 May 20009: 2,329.08 (+36.11)
28 May 2009: 2,292.97 (-13.11)
27 May 2009: 2,306.08 (+67.29)
26 May 2009: 2,242.07 (-25.39)
25 May 2009: 2,266.17 (+20.90)
22 May 2009: 2,245.36 (+34.39)
21 May 2009: 2,215.66 (-53.58)
19 May 2009: 2,260.36 (+83.36)
18 May 2009: 2,172.92 (+33.14)
15 May 2009: 2,139.78 (+17.67)
14 May 2009: 2,122.11 (-63.18)
13 May 2009: 2,185.29 (+7.16)
12 May 2009: 2,178.13 (+12.03)
11 May 2009: 2,166,10 (-72.11)
08 May 2009: 2,231.21 (-3.39)
07 May 2009: 2,241.60 (+62.57)
05 May 2009: 2,179.03 (+104.68)
04 May 2009: 2,026.93 (+106.65)
01 May 2009: May Day (Public Holiday)

DJIA 8,212.41 (+44.29)

• SingTel Off 2% at S$2.51 Despite A$500M ANZ Contract
• DB Raises Golden Agri To Hold; S$0.36 Target
• JPM Cuts CCT Target To S$0.81; Keeps Neutral
• DBS Vickers Downgrades Venture Corp To Hold
• DB Keeps Underweight On Asia Palm Oil Industry
• STI +4.9%; Above 2000 For 1st Time Since Oct 08
• STI +1.7% at 1,953.59; Banks Rally; 1960 N/T Resistance