DJIA 8,438.39 (-34.01)

• Singapore Ppty Plays' Rebound Premature - Nomura

DJIA 8,472.40 (+172.54)

• Singapore MAS Sells S$2.2B In 2-Yr Bonds At 0.58% Cutoff Yield
• Olam Unlikely To Move Much On US Tomato Buy
• AmFraser Starts Tiong Woon At Accumulate with S$0.71 target price
• CIMB Lifts Keppel Land To Outperform, Ups Target price to S$2.77 from S$1.80
• STI May Rise But UBS Guidance, Cash Call Eyed
• Singapore May Manufacturing Likely Dn 3.0% On Yr
• Singapore Property Stocks May Extend Recent Rally

DJIA 8,299.86 (-23.05)

• Golden Agri-Resources Raised To Trading Buy Vs Neutral - CIMB
• BNPP Raises SingTel Target To S$3.33; Keeps Buy
• Chemoil: Majority Shareholder In Talks About Stake Sale
• Hyflux Target Raised To S$2.52 From S$2.11 By OCBC
• STI Eyed In 2211-2316 Band;No Fed Surprises-Dealer
• Cosco Target Raised To S$0.95 From S$0.89 By UOB KayHian

DJIA 8,322.91 (-16.10)

• Chemoil Energy +9.7% at US$0.395; Possible Stake Sale -Report
• Hyflux Halted; May Enter New Market -Analysts
• S'pore Mkt Good Value, Econ Improving - Macquarie
• Four More Swine Flu Deaths In Canada; Toll Hits 20
• S'pore STI Target Raised To 2600 From 2500 By BNP Paribas
• Deutsche Bank Upgrades China Hongxing To Buy
• STI May Slip; Eyes On Fed; 2177-2200 Support

DJIA 8,339.01 (-200.72)

• Midas Pares Losses; More Orders Coming - DBSV
• DB Raises SPH Target To S$3.30; Keeps Hold
• S'pore Rigbuilders, Commodity Stks May Take Hit
• China, India Output Gaps To Disappear First -GS
• Singapore Straits Times Index Opens Down 2.4% At 2212.88
• Parkway Hldgs Target Raised To S$2.14 From S$1.85 By Nomura
• S'pore Press Hldgs Target Raised To S$3.30 From S$3.10 By DB
• Wilmar Started At Buy, S$5.64 Target By OCBC
• Beauty China: Lenders File Winding-Up Petition Against Co

DJIA 8,339.01 (-200.

DJIA 8,539.73 (-15.87)

• Singapore May CPI Likely Down 1.0% On Yr,+0.1% On Mo
• Yangzijiang Target Raised To S$0.75 From S$0.50 By CLSA
• S'pore Bank Interest Margins Can Rise Further -DB
• CS Raises CapitaLand To Outperform, Ups Target to Outperform from Neutral, raises target price to S$4.21 from S$2.49
• US "Fully Prepared" For Any N Korea Launch - Obama
• City Developments Target Raised To S$10.80 Vs S$10 By BoA-ML
• OCBC Target Raised To S$5.80 From S$5.30 By Deutsche Bank
• UOB Target Raised To S$14.50 From S$11.30 By Deutsche Bank
• DBS Target Raised To S$14 From S$12.80 By Deutsche Bank
• Keppel Land Target Raised To S$2.46 From S$1.66 By CS
• CapitaCommercial Target Cut To S$0.93 From S$1.00 By CS
• Hongkong Land Target Raised To US$3.17 From US$2.20 By CS
• STI Upside May Be Limited As Eyes On Fed Meeting

DJIA 8,555.60 (+58.42)

• Fitch Affirms Noble Group's Ratings at 'BBB-'; Outlook Stable
• BNPP Raises Sim Lian Target To S$0.49; Keeps Buy
• Lum Chang Building Gets S$452.4M Singapore Subway Contract
• Yanlord Land Target Raised To S$2.50 From S$2.00 By CLSA
• Genting Singapore +1.6% at S$0.655, But N/T Weakness Eyed
• BNPP Raises City Developments Target To S$10.83
• S-REITs, O&M, Consumer Staples Top Picks - JPM
• Citigroup Upgrades Sembcorp Industries To Buy
• S'pore Banks May Rise; Good Recovery Bets - GS
• Ezra Target Raised To S$0.95 Vs S$0.65 By Citi
• NOL:Co, Units Not Involved In Taiwan Corruption, Fraud Charges
• ST Engineering May Rise On Latest Contract Win
• STI May Rise On Wall Street Lead; 2300 Cap

DJIA 8,497.18 (-7.49)

• Citigroup Raises SGX Target To S$9.50; Keeps Buy
• Genting Says Singapore Resort On Track, Within Budget - Report
• STI Likely Rangebound; 2220-2320 Band Eyed
• Jaya Holdings May Slip; In Talks With Lenders

DJIA 8,504.67 (-107.46)

• Ezra +2.4% at S$1.27; Vessel Demand Eyed Strong - CIMB
• Singapore May Non-Oil Domestic Exports Down 12.1% On Year
• STI Rebounds, +0.2%; Tracks China, HSI; 2323 Cap
• Ezra Target Raised To S$1.41 From S$1.13 By CIMB
• Swiber Target Raised To S$1.71 From S$0.52 By CIMB
• Oceanus Group Cut To Hold From Buy By DBS Vickers
• SingTel May Edge Up On A$186.5M Optus Contract
• MS Raises UOB To Equal-weight; S$12.50 Target
• DBS Target Raised To S$13.83 From S$13.64 By UOB KayHian
• STI May Edge Lower; Support Tipped At 2200

DJIA 8,612.13 (-187.13)

• SIA Likely To Face Losses In Next 2 Quarters -OSK
• ST Eng Pares Losses; Huge Unannounced Orders -UBS
• Singapore May Non-Oil Exports Likely Down 16.6%
• Hyflux Target Raised To S$2.63 From S$2.17 By Kim Eng
• Macquarie Downgrades Keppel Land To Underperform But raises target price to S$2.07 from S$1.50
• UOB KayHian Lifts Yanlord Target To S$3.17
• S'pore Ppty Stks Down; Valuations Unjustified-MS
• STI Down 0.8%; Oil Plays Drop; 2280 Support

DJIA 8,799.26 (+28.34)

• DMG Raises Ezra To Buy, Ups Target To S$1.51
• Yanlord Land Target Raised To S$2.06 From S$1.91 By CIMB
• Olam +0.4%; Fundamentals Support Re-Rating - UBS Keeps Buy call, raises target price to S$2.75 from S$1.96.
• Temasek Still Considering ATIC Offer For Chartered -Sources
• SingTel May Sell Some Australia Assets - Sources
• Armstrong Industrial Downgraded To Hold From Buy By Kim Eng
• Too Early To Turn Cautious On Singapore Mkt - UBS
• STI May Trade In 2333-2424 Band; Lacks New Cues

DJIA 8,770.92 (+31.90)

• Fund Managers See More Run-up In Asian Markets
• Chartered Semi, CMT Best Value Plays - Macquarie
• Raffles Ed +2.4%; Share Placement Positive - CLSA says target price will drop to S$0.38 from S$0.41 post-placement due to dilution.
• Singapore Rigbuilders Outperform On Oil Support
• Singapore Straits Times Index Off 0.2% At 2376.92
• SIA, SMRT, ComfortDelgro Dn On Oil Price Concerns
• Jardine Matheson Target Raised To US$24.70 Vs US$16 -Goldman
• Asian Shares Mostly Up; HSI, Nikkei Break Key Levels
• Chartered Semi Off 1.3% at S$2.30; Selling On News - DBSV
• Nomura Cuts Suntec REIT To Neutral; S$1.00 Target
• Citigroup Downgrades Allgreen Properties To Sell, raises target price to S$1.07 from S$0.70
• City Developments Target Raised To S$7.57 Vs S$6.28 By Citi
• CapitaCommercial Target Raised To S$1.07 Vs S$0.95 By Nomura
• Cambridge Ind Target Raised To S$0.36 From S$0.24 By Nomura
• STI May Trade Sideways;Resistance At 2424

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

DJIA 8,763.06 (-1.43)

• CityDev +3.5% at $9.41; Loan Reduces Some Risks -CLSA
• Rickmers May Re-Rate If Capex Resolved - UOB Maintains Hold rating, S$0.76 target price
• Singapore Dry Bulk Shippers Up Despite BDI Drop
• Kim Eng Raises CapitaLand Target To S$4.24
• Singapore Commodity Stocks Higher; Olam +5.2% at S$2.22
• STI +1.3%; One More Leg-Up Before Pullback - CIMB
• Citi Raises Jardine Strategic Target To US$16.40
• CLSA Starts Sembcorp Industries At Outperform sets S$3.23 target price.
• SIA Off 1.0%; CEA Talks Unlikely For Now - DMG
• Asian Shares Lifted By Oil And Commodity Plays. July Nymex crude oil futures were recently up 76 cents at $70.77 a barrel on Globex
• KLCI May Rise; Palm, Oil Plays Likely To Lead
• Yangzijiang Cut To Fully Valued From Hold By DBS Vickers
• STI +0.6%, But Correction Necessary - Analyst
• Nomura Cuts Keppel Land To Reduce, Ups Target price to S$1.95 from S$1.33
• SC Global Target Raised To S$0.44 Vs S$0.28 By Nomura
• CityDev May Rise; Gets S$1.2B Refinancing Loan
• Bukit Sembawang Target Raised To S$3.43 Vs S$2.76 By Nomura

DJIA 8,764.349 (+1.36)

• Midas Holdings +7.1%; New Contract Wins Eyed-KE Maintains Buy rating, S$0.82 target price.
• ST Engineering May Rise On S'pore Military Job
• SembMarine May Rise;Sells Rig To Diamond Offshore
• CapitaMall Trust Upgraded To Buy From Sell To UOB-KayHian
• SC Global Target Raised To S$1.13 From S$0.67 By Phillip Sec
• Hong Leong Asia Target Cut To S$1.92 From S$4.56 By CIMB
• STI +0.6%; Market Wants Clearer Signs - Economist
• Yanlord Land FY09 Earnings Largely Locked In -JPM
• Singapore Exchange Target Raised To S$7.90 From S$7.50 By DB

DJIA 8,763.13 (+12.89)

• Citi Ups Hongguo Target To S$0.22; Keeps Sell
• US Dollar Higher Vs Singapore Dollar; Trades At S$1.4601
• SIA +1.3% at S$12.90; Laggard Playing Catch Up - Analyst
• Jet Airways:Hope To Finish Kingfisher Tie-Up Before Yr-End
• Ezion Down 1.5% at S$0.67; Gearing Comfortable-Westcomb
• Singapore Rig Shares Ahead Of Fundamentals - CLSA
• IATA: Airlines To Lose $9B This Yr
• Ezion May Slip On Share Placement Dilution
• RBS Upgrades Wilmar To Buy; S$5.36 Target Price
• China Eastern, Shanghai Airlines To Merge This Week - Report

DJIA 8,750.24 (+74.96)

• KE Starts Raffles Medical At Buy; S$1.38 Target
• Sembcorp Marine: Unit, PetroRig I Settle Dispute In Court
• STI Sustains Gains, +1.0%; US Jobs Data Awaited
• Singapore Confirms 12th Case Of Influenza A
• Golden Agri Target Raised To S$0.48 From S$0.41 By CIMB
• Wilmar Target Raised To S$5.45 From S$5.30 By CIMB
• Indofood Agri Target Raised To S$1.55 From S$1.26 By CIMB

DJIA 8,740.87 (+19.43)

• Keppel Corp Off 1.1% atS$7.27 On Contract Cancel Concerns
• OCBC Upgrades NOL To Hold, Raises target price to S$1.63 from S$0.815
• Daiwa Cuts Olam To Underperform; S$1.59 Target
• Phillip Securities Ups NOL To Buy, Lifts Target S$2.12
• STI May Edge Higher On US, Nikkei Cue; 2424 Cap

DJIA 8,721.44 (+221.11)

• Singapore Press Target Raised To S$3.46 Vs S$3.18 By Kim Eng
• STI +1.5%; Commodity, O&M Plays Advance; 2500 Cap
• NOL To Raise S$1.437B Via Rights Issue; To Repay Debt. It will issue about 1.11 billion shares at S$1.30 each, offering three new shares for every four existing ones.
• Olam +5.6% at S$2.28; M&A To Boost Earnings Growth -JPM

Closing STI Index - June 2009

30 Jun 2009: 2,333.14 (+15.97)
26 Jun 2009: 2,317.96 (+15.50)
25 Jun 2009: 2,302.46 (+23.50)
24 Jun 2009: 2,275.97 (+49.87)
23 Jun 2009: 2,231.42 (-35.50)
22 Jun 2009: 2,266.92 (-6.26)
19 Jun 2009: 2,273.18 (+35.98)
17 Jun 2009: 2,271.45 (-16.71)
16 Jun 2009: 2,288.16 (-28.40)
12 Jun 2009: 2,375.47 (-6.34)
11 Jun 2009: 2,381.61 (-9.61)
10 Jun 2009: 2,395.05 (+43.18)
09 Jun 2009: 2,349.87 (+16.17)
08 Jun 2009: 2,333.70 (-62.65)
05 Jun 2009: 2,392.25 (+29.51)
03 Jun 2009: 2,383.82 (+8.00)
02 Jun 2009: 2,375.82 (-4.25)
01 Jun 2009: 2,380.07 (+50.99)

DJIA 8,500.33 (+96.53)

• Asian Shares End Higher, China PMI Boosts Resource Stks
• Kim Eng Lifts Singapore Post Target To S$0.98
• CIMB Cuts Parkway Holdings Target To S$2 Vs S$2.30
• STI +2.4%;Extends Gains;Commodity Stks Sharply Up
• Westcomb Lifts Ezion Target Price To S$0.94
• JPM Raises DBS Target To S$14.00;Keeps Overweight
• Parkway Holdings Target Cut To S$2.00 From S$2.30 By CIMB
• Singapore Confirms Fifth Case Of Influenza A
• Swiber May Fall; Raises S$73.9M Via Placement. Down 9.5% at S$0.95 on heavy volume of over 100 million shares, bulk of which involving married deal of 84 million shares at S$0.88 each.
• Olam May Rise As Temasek Entry Offsets Dilution. Olam To Raise S$437.5M Via Share Placement To Temasek Units. Temasek To Control About 13.76% Of Company
• Singapore Post Target Raised To S$0.98 Vs S$0.88 By Kim Eng