DJIA 9,154.46 (+83.74)

• SIA +0.1%; Weak 1Q Is Buying Chance - Daiwa
• STI Set To Rise On US Cue;Upside May Be Capped-DBS
• Singapore Airlines Target Cut To S$15 From S$16.50 By HSBC
• OCBC Target Raised To S$7.50 From S$5.80 By HSBC
• UOB KayHian Raises SGX Target 35.7% To S$9.50
• Cosco Off 1.5% at S$1.31; 2Q09 Margin Erosion Eyed - UOB
• Goldman Downgrades Genting Singapore To Sell
• China XLX Fertiliser Target Raised To S$0.49 Vs S$0.345 - DMG
• CapitaLand Off 3.3% at S$3.86; Conv Bond Not Likely Cause
• Singapore Exchange Target Raised To S$9.50 Vs S$7 By UOB KH

DJIA 9,070.72 (-26.00)

• Singapore Govt Unlikely To Hurt Property Mkt -UBS
• ASIA FUND POLL: Fund Managers Like China, India, Indonesia
• SGX 4Q Pft Likely Strong, But Unsustainable -CLSA
• Singapore Ppty Shrs May Fall; Govt Monitoring Mkt
• Venture Corp Target Raised To S$9.26 From S$5.64 By OCBC
• CapitaMall Trust Target Raised To S$1.74 From S$1.48 By UBS
• SingTel Target Raised To S$3.64 From S$3.33 By BNP Paribas
• CapitaLand 2Q Net Loss S$156.9M Vs Net S$515.2M

DJIA 9,096.72 (-11.79)

• CIMB Lifts Ho Bee Target To S$1.40 From S$1.16
• DBS Vickers Ups CDL Hospitality Target To S$1.29
• KLCI Off 0.9%; China Mkt Fall Spurs Profit-Taking
• Wilmar 2Q09 May Beat Even Top-End Forecast - GS Reiterates Buy call with stock on Conviction List, unchanged S$6.50 target price.
• S'pore Straits Times Index Extends Fall; Down 2.0% At 2571.46
• Synear Food Gives Up Gains; Ops Struggling -CIMB Rates at Underperform, S$0.19 target
• Temasek CEO:To Keep Portfolio Exposure To Asia At 70% Or More
• Indofood Agri +6.3% at S$1.51; DBS Tips 2Q09 Pft Up Sharply. Keeps Buy call, ups target to S$1.75
• SIA Eng Off 4.2% at S$2.72 As Ex-Dividend; DBS Cuts To Hold
• Ezra Target Raised To S$2.10 From S$1.90 By CLSA; Keeps Buy
• SingTel Unlikely Hurt By Optus Suit - Analyst
• OCBC Ups Noble To Buy, Ups Target 39.5% To S$2.26
• CSC Holdings Started At Buy, S$0.29 Target By DMG
• Indofood Agri Target Raised To S$1.75 Vs S$1.35 -DBS Vickers
• Synear Food Target Raised To S$0.19 From S$0.12 By CIMB
• UOB KayHian Ups Wilmar Target 35.4% To S$6.50
• STI Flat In Seesaw Trade;Still On Uptrend-AmFraser
• JPM Raises Hyflux Target To S$3.50 From S$2.50

DJIA 9,108.51 (+15.27)

• RBS Ups Cambridge REIT Target To S$0.40 Vs S$0.23
• DBS Vickers Ups China XLX Target 18.9% To S$0.44
• S'pore Straits Times Index Back In Positive Territory; +0.1%
• Cambridge Industrial Trust Cut To Hold From Buy By DBSV
• Genting Singapore Restarted At Buy, S$0.98 Target By DBSV
• RBS Downgrades OCBC To Hold; Keeps S$8.00 Target
• Oceanus +1.4% at S$0.365 On 2Q09 Profit, Expansion Plans
• Biosensors Target Cut To S$0.80 From S$0.90 By Credit Suisse
• Straits Times Index '09 Target Raised To 2516 Vs 2300 By CIMB
• China XLX May Rise; Co Confirms HK IPO Plans
• Raffles Medical Target Raised To S$1.06 From S$0.74 By DMG
• STI May Take Breather After Gains; 2500 Support

DJIA 9.093.24 (+23.95)

• STI +1.7%; US Futures Tad Higher; S-Chips Rally
• Daiwa Ups S'pore Palm Stk Targets, Raises Wilmar target to S$5.32 from S$3.94, maintains Hold rating.
• Asian Shares Rise; Sichuan Expressway Soars In China
• Chemoil Energy: Majority Holder Still In Share-Sale Talks
• Singapore Min:Exports Will Improve As G3 Econs Start Rebound
• CapitaLand Target Raised To S$4.85 Vs S$4.65 By UOB KayHian
• Ho Bee Target Raised To S$1.65 Vs S$1.15 By UOB KayHian
• Daiwa Raises SIA Target To S$14.42 From S$14.07
• Frasers Commercial Trust Off 38%;Trades Ex-Rights
• Singapore Home Prices To Turn Upward In 3Q09 -UOB
• STI +0.9% On Overseas Cues; Still On Uptrend -DMG

DJIA 9,069.29 (+188.03)

• STI +1.1% But Choppy Trade Expected N/T - Dealer
• Chartered Semi CEO: Semiconductor Industry Has Hit Bottom
• S'pore Mfg Likely To Turn Positive In 4Q-StanChart
• Singapore June Manufacturing Down 9.3% On Year Vs +2.1% May
• Yanlord +2.8% at S$2.53;JPM Ups Target 47.4% On Nanjing Proj
• Chartered Semcndctr Mfg Sees 3Q Rev $382M-$394M
• Mapletree Log Trust Target Raised To S$0.63 From S$0.58 By DB
• CapitaCommercial Target Raised To S$0.86 From S$0.57 By UBS
• Keppel Land Target Raised To S$3.20 From S$1.72 By UBS
• Wilmar Target Raised To S$5.70 From S$3.30 By DB; Keeps Hold

DJIA 8.881.26 (-34.68)

• Keppel Corp 2Q Net Profit S$317.3M Vs S$299.3M
• GS Ups Keppel Land Target To S$1.72; Keeps Sell
• Philippines, Indonesia Bombings Appear Linked - Manila
• S'pore O&M Plays Should Report Good 2Q Results-DBS
• SPC Investors Should Accept PetroChina Offer -BNP
• STI Pares Rise, +0.6%;Prices Consolidating-Trader
• US Dollar Falls Vs Singapore Dollar, Trades At S$1.4398
• Singapore 2009 CPI To Fall 0.3% - Barclays Capital
• Singapore June CPI Likely Dn 0.5% On Yr- Poll
• JPM Upgrades SGX To Overweight; S$10.00 Target
• Chartered Semi Target Raised To S$2.00 From S$1.70 By BNPP
• BNPP Starts Raffles Education At Buy;S$0.78 Target
• UOB Cuts Plantation Sector To Mkt-Weight
• Keppel Corp +2.1% at S$7.66 On 2Q09 Earnings Expectations
• Keppel Land Target Raised To S$2.75 From S$2.42 By DB
• JPM Raises CapitaCommercial Target 5.9% To S$0.90
• Singapore Banks' 2Q Results To Act As Catalyst-UBS

DJIA 8,915.94 (+67.79)

• CapitaCommercial Target Raised To S$0.69 From S$0.58 By Citi
• Wilmar Target Raised To S$7.00 From S$4.42 By UBS
• DMG Downgrades CapitaCommercial Trust To Sell. Still, raises target price to S$0.73 from S$0.71
• STI +1.2% at 2,482.89;Good Time To Buy,Worst Priced In-Trader
• Meiban Target Raised To S$0.35 From S$0.17 By DBS Vickers
• CS Raises Wilmar Target To S$5.04 From S$4.54
• STI +0.5%; S/T Consolidation In Process - CIMB
• Venture Corp Target Raised To S$9.40 Vs S$6.50 By DBS Vickers
• Starhill Global Target Cut To S$0.55 From S$0.74 By Nomura
• Fragrance Group May Edge Up; 2Q Net Pft +11%
• Keppel Corp Target Raised To S$7.77 From S$4.56 By Kim Eng
• STI May Open Up, But Pft-Taking May Emerge Later

DJIA 8,848.15 (+104.21)

• Singapore Banks Solid But Avoid Ppty Plays-Nomura
• Citi Raises K-REIT Target To S$0.55 From S$0.50
• Swissco +4.5% at S$0.585; Divesting Swiber To Fund Growth
• European Investors Eye S'pore Ppty Shares -CIMB
• SGX +0.7% at $7.73; New CEO Brings Experience-Analyst
• Chartered Semicon 2Q Utilization To Improve -Macq
• Singapore Straits Times Index Turns Lower, Dn 0.1% At 2452.55
• Cacola Furniture May Slip On Profit Warning
• Midas Holdings Target Cut To S$0.985 From S$1.10 By Kim Eng
• Keppel Land May Get Boost From China Project
• STI May Hit 5-Year Average P/B Target Of 2698 -CS
• STI Likely Up; Buyers Waiting To Enter - Dealer

DJIA 8,743.94 (+32.12)

• Wilmar Intl Seeks To Raise $2B-$3B For China Assets - Source
• CIMB Ups Singapore Press Target 13.4% To S$3.99
• Yanlord +2.2%; Starts Work On CNY4B Development
• Asian Shares Higher; Kospi Leads On Earnings Hopes
• Wilmar Plans $4B Listing In Hong Kong, Not Shanghai - Report
• Ascendas REIT Target Raised To S$1.83 From S$1.62 By UBS
• Singapore Banks' 2Q Earnings May Disappoint-JPM
• Venture Corp Target Raised To S$8.86 From S$7.58 By Nomura
• STI Off 0.2%; June High Of 2,424 Key Level - DMG

DJIA 8,711.82 (+95.61)

• Oceanus +6.5%; S$0.345 High May Give Way N/T
• Macquarie Raises Allgreen Properties To Outperform, raises target price to S$1.13 from S$1.11
• STX Pan Ocean Target Raised To S$15.10 From S$10.60 By CIMB
• SIA Target Raised To S$13.35 From S$8.50 By Citi; Keeps Sell
• Singapore June Non-Oil Exports Likely Dn 11.5% On Yr
• Midas May Fall On Placement Of 120M Shares
• Ezra Holdings May Edge Up On New Growth Strategy
• STI May Head Higher On US Cue; 2434 Likely Cap

DJIA 8,359.49 (+27.81)

• S'pore Telcos' 2Q09 Results Won't Inspire - CIMB
• UBS Ups Keppel Corp Target To S$9.60; Keeps Buy
• StarHub May Slip On Exit Of Well-Regarded CEO
• UOL Group Target Raised To S$3.56 From S$2.91 By OCBC
• S'pore Indus REITs May Book Lower 2Q Income -Daiwa
• STI May Edge Up On US Cues, But Concerns Persist

DJIA 8,331.68 (+185.16)

• Thomson Medical +0.9% As 3Q09 Profit +18.2%
• Olam To Further Expand In Plantations,Processing Ops
• S'pore Press Hldgs Target Raised To S$3.90 From S$3.18 By UBS
• Singapore 2Q09 Construction Data May Hinder Shares
• STI +1.7%; Banks,Ppties Rally;But US Earnings Eyed
• Wilmar Target Raised To S$6.10 From S$5.15 By DBS Vickers

DJIA 8,146.52 (-36.65)

• S-Chips Head Lower On Decreased Risk Appetite
• STI Off 2.0%; Extends Drop, US Futures Bearish
• USD/SGD May Retain Support On Risk Aversion
• SingTel Target Raised To S$3.35 From S$3.17 By Kim Eng
• CLSA Raises Hongkong Land Target 12.0% To US$2.80
• Cosco Target Raised To S$0.69 From S$0.39 By CIMB
• S'pore Airlines Target Raised To S$14.07 Vs S$11.97 By Daiwa

DJIA 8,183.17 (+4.76)

• ComfortDelGro Target Raised To S$1.60 From S$1.40 By CS
• Hongkong Land Target Raised To US$2.80 From US$2.50 By CLSA
• Swine Flu Impact Yet To Be Felt; Threatens Developing Nations
• Midas Holdings Target Raised To S$1.04 From S$0.855 By DMG
• STI May Be Rangebound; 2,260 Support, 2,362 Cap
• CSE Global May Head Up On S$45M Contract Wins
• Pacific Shipping Target Raised To US$0.24 Vs US$0.16 By OCBC
• Rotary Eng May Rise On Sizable Contract Win
• S'pore Ppty Tax Clarification To Calm Nerves-CIMB

DJIA 8,178.41 (+14.81)

• Ezra Set To Capitalize On Distressed Assets -OCBC
• ST Engineering Now Seeks Tsy+1.50 For $500M Bond - Source
• Singapore Ministry:No Tightening Of Tax Policy For Ppty Sales
• SingTel, SIA, SPH To Support STI - AmFraser
• ST Engineering May Rise; Lands Another Contract
• S'pore Ppty Tax Fears May Dent Sentiment N/T -GS
• Citi Ups Chartered Semi Target To S$1.20 Vs S$1.10
• Shipping Companies To Increase Asia-US Rates - Indus Forum
• Wing Tai Started At Underperform By CIMB; S$1.06 Target
• S'pore Results To Drive Earnings Upgrades - CS
• Ezra Hldgs May Edge Up; 3Q Results In Line -JPM
• STI May Slip Tad On Mixed Cues; 2211 Support

DJIA 8,163.60 (-161.27)

• S'pore Bank Earnings Unscathed By MAS Ban -CLSA
• CityDev,Allgreen,Wing Tai Prone To Correction -DB
• CapitaLand Target Raised To S$4.00 From S$3.65 By CLSA
• Las Vegas Sands CEO:Marina Bay Sands Seen Opening In Jan-Feb
• China XLX Fertiliser To Post Weak 2Q Results-CIMB
• STI Off 1.2%, Led By Ppty, Commodity, O&M Shares
• CapitaLand Target Raised To S$4.00 From S$3.65 By CLSA
• US Dlr At 2-Wk High Vs Singapore Dlr As Risk Aversion Rises
• Hong Leong Finance May Fall On MAS Selling Ban
• SMRT Target Raised To S$2.00 From S$1.86 By UOB KayHian
• First Resources Target Raised To S$0.80 From S$0.70 By DBSV
• CDG, SMRT M&A Action May Pick Up In 2H09 - JPM
• STI Off 0.8%;Correction Risk High-NetResearch Asia
• Raffles Ed Set For Debt-Free Balance Sheet - CS

DJIA 8,324.87 (+44.13)

• Singapore Mkt May Ignore A Better 2Q GDP - DMG
• STX PO, Mercator Down; BDI To Fall N/T - UOB
• Yanlord Off 1.9% at S$2.29 On Pft-Taking But Uptrend Intact
• Wilmar May Head Lower Despite China IPO Update
• Singapore Fin Min: Global Econ Not Yet In Firm Recovery Mode
• Olam Target Raised To S$2.59 From S$2.24 By CLSA; Keeps Buy
• JPM Raises SIA To Overweight, Ups Target 48.9%. Raises target price to S$14.00 from S$9.40

US market closed

• UOB Upgrades Singapore Bank Sector To Overweight
• BofA-ML Restarts Olam At Buy, S$3.00 Target
• Wilmar Appoints Goldman, Morgan Stanley, BOCI For IPO-Source
• CapitaMall Trust Target Raised To S$1.48 From S$1.25 By UBS
• Hongkong Land Target Raised To US$4.43 From US$2.05 By Citi
• STI Set For Choppy Trade; Risk Aversion Rises-ABN

DJIA 8,280.74 (-223.32)

• Nomura Raises Yangzijiang Target 29.7% To S$0.48
• STI Off 0.8% at 2,302.33;Rally Resumption Unlikely S/T-Analyst
• Singapore Dlr Lower Late On Poor US Jobs Report; Bonds Steady
• Pacific Andes +2.4% at S$0.215; Prospects Steady - OCBC
• Keppel Corp Target Raised To S$8.57 From S$7.92 By Nomura
• Sembcorp Ind Target Cut To S$3.38 From S$3.65 By Nomura
• Frasers Comm Trust Target Raised To S$0.22 From S$0.18 By CS
• Cosco Corp Target Raised To S$0.70 From S$0.63 By Nomura
• Yangzijiang Target Raised To S$0.48 From S$0.37 By Nomura
• UOB Target Raised To S$17.10 From S$14.40 By Kim Eng
• DBS Target Raised To S$13.80 From S$13.20 By TA Securities
• STI Likely To Fall As Weak US Jobs Data Weighs

Closing STI index - July 2009

31 Jul 2009: 2,659.20 (+23.01)
30 Jul 2009: 2,636.19 (+32.13)
29 Jul 2009: 2,604.06 (-19.98)
28 Jul 2009: 2,624.04 (+47.38)
27 Jul 2009: 2,576.66 (+43.23)
24 Jul 2009: 2,533.43 (+48.53)
23 Jul 2009: 2,484.90 (+34.07)
22 Jul 2009: 2,450.83 (-3.50)
21 Jul 2009: 2,450.50 (-5.65)
20 Jul 2009: 2,456.15 (+25.19)
17 Jul 2009: 2,430.96 (+29.94)
14 Jul 2009: 2,309.78 (+43.14)
13 Jul 2009: 2,269.84 (-38.14)
10 Jul 2009: 2,306.50 (-1.11)
09 Jul 2009: 2,307.61 (+47.84)
08 Jul 2009: 2,257.74 (-14.52)
07 Jul 2009: 2,272.26 (+6.17)
06 Jul 2009: 2,266.09 (-33.66)
03 Jul 2009: 2,299.75 (-21.07)
01 Jul 2009: 2,317.52 (-35.03)

DJIA 8,504.06 (+57.06)

• Asian Shares Mostly Higher; Miners Gain
• SMRT Started At Buy, S$2.11 Target By AmFraser
• Singapore Post May Fall; Trades Ex-Dividend. Company to pay final dividend of S$0.025/share July 15, similar to payout year earlier.
• Keppel Corp Target Raised To S$6.40 From S$4.90 By OCBC
• Goldman Tips Being Selective On HK Conglomerates
• Midas +0.6% at S$0.815; Downstream Business Takes Off
• Kim Eng Raises SIA Target To S$14.70 From S$13.20
• Singapore STI Reverses Early Gain; Down 0.2% At 2348.13

DJIA 8,447(+82.38)

• U.S. Stocks Fall; Poor Confidence Hits Caterpillar
• Wall St brakes on confidence data, but has upbeat Q2
• Frasers Comml Gets 2 Refinancing Facilities Totaling S$675M