DJIA 9,544.20 (-36.43)

• Daiwa Starts SGX At Outperform, S$9.90 Target
• Singapore Air Target Raised To S$14.40 Vs S$11.20 -Macquarie
• Ezra Target Raised To S$2.20 From S$1.59 By DBS Vickers
• Singapore Straits Times Index Turns Lower, Dn 0.1% At 2640.22

DJIA 9,580.63 (+37.11)

• Raffles Medical Target Raised To S$1.76 Vs S$0.59 By UOB KH
• Olam Target Raised To S$3.08 From S$2.37 By OCBC
• Guocoland Target Raised To S$2.55 From S$0.95 By JPMorgan
• Koda Target Raised To S$0.285 From S$0.145 By OCBC
• STI +0.1% at 2,645.23; Small Cap, China, Oil & Gas Shrs Shine
• Olam Target Raised To S$2.48 From S$1.90 By DMG
• Caltex CEO: Will Consider Acqusitions Post ExxonMobil Deal

DJIA 9,543.52 (+4.23)

• Citi Raises SGX Target To S$10.00 From S$9.50
• Olam International Closes US$100M Islamic Finance Facility
• UOB Target Cut To S$17 From S$18 By RBS; Kept At Hold
• RBS Cuts OCBC To Sell, Cuts Target 15% To S$6.80
• RBS Cuts DBS To Sell, Cuts Target 18.5% To S$11
• Singapore STI Target Raised To 3000 By 1Q10 From 2700 By Citi
• Allgreen Properties Target Raised To S$1.38 Vs S$1.15 By Citi
• City Developments Target Raised To S$12.50 Vs S$12.00 By UBS
• Keppel Land Target Raised To S$3.50 Vs S$3.30 By UBS
• Suntec REIT Target Raised To S$1.05 Vs S$0.94 By UBS
• Tiong Woon Target Raised To S$1.24 Vs S$0.75 By CIMB
• Swiber Bond May Bring New Controlling Hldr -OCBC keeps at Hold, fair value at S$0.96 pending results of subscription for convertible bonds to raise up to US$100 million for working capital, general corporate requirements.

DJIA 9,539.29 (+30.01)

• Credit Suisse Hires 9 For Asia Fixed Income Sales, Trading
• SGX Fairly Valued Absent Dramatic Catalysts -GS
• Noble Group: Seek US$1.8 Billion In Loans
• Wing Tai Target Raised To S$2.10 Vs S$0.70 By JPMorgan
• Wing Tai Target Raised To S$1.69 From S$1.56 By Citigroup
• DBS Target Raised To S$12.70 From S$10.80 By Nomura
• Noble Group Target Raised To S$2.65 From S$2.00 By JPMorgan
• SingTel Target Raised To S$3.25 From S$2.60 By MS
• Abterra May Rise As Co Mulls Hong Kong Listing
• Swissco Target Raised To S$1.11 From S$0.84 By DBS Vickers
• STI Down 0.1% at 2,616.61; Buying Fatigue Likely Setting In

DJIA 9,509.28 (+3.32)

• STI Off 0.7%, But One More Rally Likely N/T -CIMB
• China Pharma Made S$0.975/Shr Offer For Sihuan Pharm Hldgs
• Golden Agri-Resources Started At Underweight, S$0.40 By JPM
• Raffles Education Target Raised To S$0.60 Vs S$0.57 By OCBC
• Fortune REIT Target Cut To HK$3.70 From HK$5.00 By Macquarie
• Sembcorp Marine Started At Sell, S$2.50 Target By DnB NOR
• City Developments Target Raised To S$12 Vs S$11 By UBS
• Keppel Corp Target Raised To S$9.15 Vs S$7.60 By Citigroup
• Allgreen Properties Target Raised To S$1.63 Vs S$0.44 By UBS
• Li Heng Chemical Target Raised To S$0.35 Vs S$0.29 By UOB KH
• Raffles Ed May Fall; Core Ops May Be Slowing-Citi

DJIA 9,505.96 (+155.91)

• S'pore July CPI Dn 0.5% On Yr; Uptick Likely
• Olam Target Raised To S$2.63 From S$1.70 By Nomura
• UOB Target Raised To S$18.60 From S$16.50 By Citigroup
• OCBC Target Raised To S$8.80 From S$8.00 By Citigroup
• Kim Eng Raises SATS Target To S$2.81 From S$2.55
• SembCorp Indus +2.1%; Watch Utilities Ops - CIMB
• China Hongxing +2.7%; Business Stabilizing - DB

DJIA 9,350.05 (+70.89)

• Sinotel Off 3.6% at S$0.405; Still Cheaper Than HK Peers -KE
• Firm Rents To Support S-REITs' 2H09 Earnings - DB
• Keppel Land Target Raised To S$2.75 Vs S$2.42 By Deutsche Bk
• Mapletree Logistics Target Raised To S$0.63 Vs S$0.58 By DB
• Suntec REIT Target Raised To S$1.13 Vs S$0.96 By DB
• City Developments Target Raised To S$9.20 Vs S$8.40 By DB
• Amnesty Urges Malaysia Against Caning Beer-Drinking Model
• Swiber May Rise On Tie-Up Eyeing Malaysia Jobs
• Keppel Land Target Raised To S$2.65 From S$2.07 By Nomura
• First Resources May Fall On US$100M Conv Bond Sale
• STI May Open Up;Mkt Liquidity Still Strong-Dealer

DJIA 9,279.16 (+61.22)

• Bet On S'pore Casino Theme Amid N/T Mkt Risk -DBS
• China Zaino Preparing For Next Leg Of Growth -UOB
• AusGroup +8.4% at S$0.645;Orderbook Prospects Bright-Analyst
• STI +0.6% at 2,538.60, But Bias Still Toward Downside -CIMB
• STI May Rise On Wall St Cue, But China Shares Eyed
• ASL Marine Target Raised To S$1.10 From S$0.94 By DBS Vickers
• ASL Marine May Fall On FY10 Profit Warning
• Macquarie Cuts Wilmar To Neutral From Outperform raises target price to S$6.50 from S$5.00
• S'pore Rig,Palm,Commodity Plays May Get Oil Boost
• CS Cuts Singapore Air Target 10.5% To S$14.00
• Noble Group Target Raised To S$2.75 From S$2.45 By CIMB

DJIA 9,217.94 (+82.60)

• Singapore Dlr Lower Late On Weak Stocks; Bonds Flat
• STI Dn 1.7%, Extends Loss As Shanghai Fall Weighs
• DB Cuts Genting M'sia Target To MYR2.79 Vs MYR2.96
• Kim Eng Starts Olam At Buy, S$3.05 Target
• S'pore O&M Rig Demand May Never Fully Recover -CS
• Latitude Tree Opens At S$0.35 Vs S$0.22 IPO On SGX Debut
• Singapore Govt Bonds Likely To Trade In Range
• Lian Beng Likely To Rise On S$101M Contract
• Genting Singapore Started At Buy, S$1.26 Tgt By Deutsche Bank
• SC Global Target Raised To S$1.52 From S$1.10 By Phillip Sec
• UOB Target Raised To S$19.30 From S$18.00 By Nomura
• Keppel Corp Target Raised To S$9.17 From S$8.57 By Nomura
• CDL Hospitality Target Raised To S$1.14 From S$1.00 By RBS
• STI May Rise On US Cue But Sharp Gains Unlikely
• First Resources Target Raised To S$0.90 Vs S$0.39 By UOB KH
• Golden Agri Target Raised To S$0.55 From S$0.50 By MS

DJIA 9,135.34 (-186.06)

• CIMB Cuts SIA Target To S$10.55 From S$12.10
• DBS Vickers Raises Wilmar Target 18.9% To S$7.25
• BoA-ML Starts Straits Asia Resources At Buy sets S$2.80 target price.
• UBS Raises Target Prices Of Singapore Banks
• S-REIT Valuations Undemanding, Deals Eyed-JPM
• Wilmar Target Raised To S$7.25 From S$6.10 By DBS Vickers
• Singapore Air May Rise On Better July Load Factor
• OCBC Target Raised To S$9.50 From S$8.00 By UBS
• UOB Target Raised To S$20 From S$18 By UBS
• Frasers Centrepoint Target Raised To S$1.30 Vs S$1.00 By JPM
• Straits Asia Res May Rise On New Production Rts
• Parkway Target Raised To S$1.90 From S$1.62 By Macquarie
• Ezra Target Raised To S$1.75 From S$1.46 By OCBC
• STI May Open Down,But Technical Rebound May Emerge

DJIA 9,321.40 (-76.79)

• Kingboard Copper Target Raised To S$0.33 Vs S$0.195 By CIMB
• Ho Bee Target Raised To S$1.59 From S$1.40 By CIMB
• First Resources Target Raised To S$1.10 From S$0.80 By DBSV
• Singapore Offshore & Marine Sector Cut To Underweight By CS
• Genting Singapore Restarted At Buy By CLSA; S$1.10 Target
• Wilmar Target Raised To S$7.70 From S$6.50 By Goldman
• Wilmar Target Raised To S$7.28 From S$5.78 By OCBC
• STI May Fall On US Lead, End Of Earnings Season

DJIA 9,398.19 (+36.58)

• Singapore July Non-Oil Exports Likely Dn 10% On Year
• Cityspring Off 1.9% at S$0.765 As Rights Issue Weighs
• Sinotel +9.1%; US Fund CEO Becomes Key Holder
• Indofood Agri Off 3.7% On Post 2Q Profit-Taking
• Mermaid Target Raised To S$1.80 From S$0.81 By Macquarie
• Golden Agri-Resources 2Q Net Profit $55.1M Vs $156.2M
• Wilmar Off 1.2%; Slips On Profit-Taking Post 2Q
• Swiber Hldgs Target Raised To S$1.09 From S$0.85 By DMG
• Ezion Target Raised To S$0.94 From S$0.76 By DBS Vickers
• Noble Group To Buy Energy Assets In US For $65.35M >N21.SG
• ComfortDelGro Target Raised To S$1.64 From S$1.37 By CIMB
• Banyan Tree Target Raised To S$0.83 From S$0.52 By CIMB
• Parkway Holdings Target Raised To S$2.30 From S$1.85 By Citi
• Wilmar Intl 2Q Net Pft Up 22.7% On Improved Margins
• Noble Cut To Neutral From Outperform By Macquarie
• ComfortDelGro May Rise; 1H Beats Mkt Forecast -DB
• STI May Edge Higher On US, Nikkei Cues; 2648 Cap

DJIA 9,361.61 (+120.16)

• Citi Raises Yanlord Land Target 15.6% To S$3.26
• Asia Telecommunications Disrupted By Typhoon-Damaged Cables
• STI +1.9%; Extends Gain; US Retail Sales Eyed
• Hong Leong Finance Target Raised To S$2.60 From S$1.90 By CS
• Las Vegas Sands' Singapore Proj Pres, Ops VP Resign
• Singapore Plantation Stocks Up On Earnings Hopes
• SingTel Target Raised To S$3.40 From S$3.17 By DMG
• Kim Eng Upgrades China Hongxing Sports To Buy Raises target price to S$0.23 from S$0.16
• UOB Tips Genting 2Q Pft To Fall On Leisure,CPO Hit
• Yongnam Target Raised To S$0.37 From S$0.28 By CIMB
• Hong Leong Finance May Slip On Dividend Cut
• Allgreen Prop Target Raised To S$1.25 From S$1.06 By DB
• Biosensors Intl Started At Buy By Daiwa; S$0.75 Target
• Wilmar Target Raised To S$7.00 From S$5.36 By RBS
• CityDev May Rise As 2Q09 Profit Jumps On-Quarter
• Sembcorp Marine Target Raised To S$3.74 From S$3.04 By DMG
• UOL Group Target Raised To S$4.07 From S$3.56 By OCBC
• STI May Rise On US Cue;AmFraser Tips Resilient N/T
• Yanlord Target Raised To S$3.26 From S$2.82 By Citigroup
• SingTel May Lag Market As 1Q10 Tad Below Forecast

DJIA 9,241.45 (-96.50)

• CLSA raises target price for Jardine Matheson (J36.SG) to US$32.82 from US$27.00, for Jardine Strategic (J37.SG) to US$20.00 from US$16.00
• Yanlord Off 3.9% at S$2.44 On Profit Taking Post 2Q Results
• CLSA Cuts Ascendas REIT To Outperform From Buy Trims target price to S$1.76 from S$1.79 to factor in dilution from recently announced share placement.
• STI Off 0.9% at 2,574.96; Extends Drop, US Lead Lackluster
• Nokia:Remain Strongly Committed To Symbian Operating System
• Nomura Raises Noble Target To S$2.32 From S$1.71
• UOB-KH Tips Locking In Profits On Plantation Plays
• Ascendas REIT Target Cut To S$1.81 Vs S$1.93 By UOB KayHian
• Bukit Sembawang May Slip;1Q10 Net Profit Down 84%
• Wilmar Target Raised To S$7.00 From S$5.68 By Nomura
• DBS Target Cut To S$10.90 From S$12.31 By Daiwa
• Li Heng May Fall On Weak 2Q09 Results, Outlook
• STI May Slip On US, Nikkei Cues; 2,542 Support

DJIA 9,337.95 (-32.12)

• CityDev +2.8% at S$9.99; More Project Launches N/T - CIMB
• DBS Target Raised To S$15.30 From S$13.90 By Kim Eng
• Jardine Strategic Target Raised To US$19.50 Vs US$16.40 -Citi
• Jardine Matheson Target Raised To US$24.40 Vs US$20.40 -Citi
• Genting Singapore May Fall On 2Q Loss, Outlook
• Mary Chia Opens At S$0.31 Vs S$0.23 IPO Price On SGX Debut
• CityDev Target Raised To S$11.76 From S$10.66 By CIMB
• Venture Corp Target Raised To S$8.51 From S$6.72 By DMG
• Ascendas REIT Seeks To Raise Over S$301.6M In Pvt Placement. To Place 185M Units At S$1.63-S$1.70/Each
• Golden Agri-Resources Started With S$0.50 Target By MS
• Indofood Agri Resources Started With S$1.90 Target By MS

Public Holiday (10th August 2009)

DJIA 9,280.97 (-39.22)

• BoA-ML Ups Starhub Target To S$2.14 From S$2.05
• Yangzijiang Raised To Buy From Fully Valued By DBS Vickers
• Venture Corp Target Raised To S$10.00 From S$6.70 By Daiwa
• Venture Corp Target Raised To S$9.50 From S$8.00 By UBS
• Aviva Asia-Pac CEO: No Plans To Sell More Businesses In Asia
• Singapore Dlr Up Late On Overnight Gains In Euro; Bonds Mixed
• UOB Off 1.6% at S$16.36; Outlook Still Uncertain - MS
• NOL Off 1.2% at S$1.67 Post 2Q Results;Rate Outlook Poor-UBS
• CS Raises HK Land To Outperform; Ups Target 58.0% raises target price to US$5.01 from US$3.17 on earnings upgrades.
• Yangzijiang Target Raised To S$1.00 From S$0.75 By CLSA
• SingTel Target Cut To S$3.19 From S$3.26 By Daiwa
• UOB Target Raised To S$18.36 From S$16.18 By CIMB
• Singapore Exchange Target Raised To S$10.8 Vs S$9.5 - UOB-KH
• NOL CEO:Customers Remain Uncertain About Global Consumer Demand
• STI +0.4%; Commodity Plays Lead Gains; 2665 Cap

DJIA 9,320.19 (+33.63)

• CSC Holdings Flat; Signs Of Recovery In 1Q-DMG
• Asian Shares Mixed; Investors Await Fresh US Clues
• UOB Tips Yanlord 1H09 Net Profit +179% At S$214M
• BNP Ups Singapore Exchange Target 34.5% To S$11.10
• ST Eng Flat Post 2Q; Stock To Lag In Bull Mkt-JPM
• Lippo-Mapletree Target Raised To S$0.50 From S$0.24 By OCBC
• CSC Holdings Target Raised To S$0.22 From S$0.17 By CIMB
• Citigroup CEO: May Sell Another 20 Businesses - Report
• Hi-P International Target Raised To S$0.90 From S$0.59 By CS
• SembMarine May Rise; 2Q Results Top Mkt Forecast
• SembMarine Target Raised To S$3.67 From S$2.65 By OCBC
• STI May Edge Up At Open On US Cue, Earnings

DJIA 9,286.56 (+114.95)

• UBS Raises CDL Hospitality Target 66.3% To S$1.58
• Seagate Confirms Plans To Close Singapore Plant. 2,000 Workers From Plant To Be Laid Off
• STI Off 0.5% at 2,668.89, But M/T Tone Still Positive -Analyst
• JPMorgan Cuts Cosco Target To S$0.66 From S$0.75
• STI Off 0.2% at 2,676.39; AmFraser Tips Consolidation Ahead
• Epure Target Raised To S$0.73 From S$0.52 By CIMB
• Standard Chartered 1H Net Profit US$1.88 Bln
• CityDev Good Way To Play Strong Ppty Mkt-BNPP
• Wilmar Target Raised To S$6.50 From S$6.00 By BoA-Merrill
• OCBC Target Raised To S$7.00 From S$4.60 By Morgan Stanley
• Tat Hong Target Raised To S$1.05 From S$0.95 By CS
• SMRT Target Cut To S$1.89 From S$1.92 By Phillip Securities
• Cosco Target Cut To S$0.95 From S$1.14 By DMG

CLosing STI Index - August 2009

31 Aug 2009: 2,605.39 (-37.41)
28 Aug 2009: 2,642.80 (+0.57)
27 Aug 2009: 2,642.23 (+13.80)
26 Aug 2009: 2,628.43 (+9.67)
24 Aug 2009: 2,616.18 (+71.32)
21 Aug 2009: 2,544.86 (-14.71)
20 Aug 2009: 2,559.57 (+36.79)
19 Aug 2009: 2,522.78 (-44.94)
18 Aug 2009: 2,567.72 (+21.74)
16 Aug 2009: 2,545.98 (-85.53)
15 Aug 2009: 2,626.79 (+12.61)
14 Aug 2009: 2,614.18 (+42.87)
13 Aug 2009: 2,574.82 (-22.48)
12 Aug 2009: 2,597.30
11 Aug 2009: Public Holiday
06 Aug 2009: 2,601.50 (-5.33)
05 Aug 2009: 2,606.83 (-41.93)
04 Aug 2009: 2,648.76 (-32.88)
03 Aug 2009: 2,681.64 (+22.44)

DJIA 9,171.61 (+17.15)

• Asian Shares Mixed; Copper Surge Helps Metals Stocks
• OCBC May Trim Losses; 2Q Beats Market Forecast
• Oversea-Chinese Banking 2Q Net S$466M Vs S$425M;Poll S$387M
• Cosco 2Q Net Profit Tipped Down 69% On Year -Poll
• Genting S'pore Raised To Trading Buy Vs Underperform By CIMB
• SingTel CEO:Bharti-MTN Talks Still At Preliminary Stage-CNBC
• STI May Edge Up On US Lead; Banks In Focus
• Great Eastern May Slip On S$250M Redemption Hit
• SMRT Fair Value Raised To S$1.92 From S$1.81 By OCBC