DJIA 9,742.20 (-47.16)

• Singapore M1 Money Supply Aug S$89.26B Vs S$87.98B July -MAS
• AusGroup Started At Outperform By CIMB; S$1.08 Target
• ST Engineering Target Raised To S$2.69 From S$2.40 By UOB KH
• STI May Seesaw, Lack Direction ; 2700 Resistance
• Cosco May Slip On Order Cancellations, Delays
• Ezra Target Raised To S$2.64 From S$1.91 By BNP Paribas
• Ying Li Started At Buy By DBS Vickers; S$1.17 Target

DJIA 9,789.36 (+124.17)

• GIC Lost Around S$59 Bln In FY09 - Sources
• STI +1.5% at 2,669.85; Lacks Catalyst To Break 2700 - Trader
• SMRT Corp Target Raised To S$2.09 From S$1.76 By CIMB
• CS Raises Singapore Airlines Target To S$17.50
• Macquarie Raises SPH Target To S$4.21; Outperform

DJIA 9,665.19 (-42.25)

• STI May Slip On US Econ Jitters; 2626 Support
• Mapletree Log Target Raised To S$0.78 From S$0.52 By OCBC
• Genting Singapore Started At Buy By BNPP, S$1.35 Target
• Wilmar Cut To Neutral From Overweight By JPMorgan
• U.S. Stocks Fall: Industrials Pace Mkt

DJIA 9,707.44 (-41.11)

• Ying Li Intl: Bought Land In China For CNY851.6M
• Singapore Aug Mfg +12.3% On Yr; Sector May Lift 3Q GDP
• Suntec REIT Target Raised To S$1.18 From S$1.05 By UBS
• Sinomem Tech Target Raised To S$1.20 From S$0.81 By CIMB
• STI Down 0.7%; Palm Oil, O&M Plays Lead Fall

DJIA 9,748.55 (-81.32)

• Noble Started At Buy By DBS Vickers; S$2.80 Target
• Keppel Land Target Raised To S$3.37 From S$2.76 By DB
• Suntec REIT Target Raised To S$1.26 From S$1.13 By DB
• Mapletree Log Trust Target Raised To S$0.81 Vs S$0.63 By DB
• UBS Cuts Venture Corp To Neutral On Valuation maintains S$9.30 target price.
• Yangzijiang Started At Underperform By CIMB; S$1.17 Target
• Noble Resumes Trade +8.7% At S$2.50 Post CIC Placement
• STI May Slip On Wall Street Cue; 2631 Support

DJIA 9,829.87 (+51.01)

• Yanlord +2.9%; Land Buy NAV Impact Small - DBS
• Suntec REIT Target Raised To S$1.00 From S$0.85 By JPMorgan
• Olam +0.8% at S$2.41; Charts Hint Further Upside - DBS
• DBS Lifts Mermaid Maritime Target To S$1.71
• SingTel Target Raised To S$3.65 From S$3.25 By MS
• Singapore Air Target Raised To S$15.25 From S$11.30 By DBS
• Noble Target Raised To S$2.80 From S$1.95 By Macquarie
• Mermaid Maritime Target Raised To S$1.71 From S$1.17 By DBS
• Yanlord Likely Neutral To Shanghai Land Purchase
• STI May Seesaw; Narrow Range Eyed S/T - OCBC

DJIA 9,778.86 (-41.34)

• GIC: Remaining Stake In Citi Has US$1.6B In Unrealized Profit
• Singapore GIC Takes Citigroup Stake Below 5%
• OCBC Target Raised To S$10.10 From S$9.15 By UOB KayHian
• Oceanus Group Started At Buy By DMG; S$0.52 Target
• IBM Acquires Business of RedPill Solutions to Bolster Analytics Services
• Midas Holdings May Rise On Hong Kong Listing Plan
• China Invest Corp To Buy 12.91% Stake In Noble Group
• STX Pan Ocean Likely To Rise On Vale Contract
• STI May Head Lower On US Lead; 2614 Support

DJIA 9,783.92 (-7.79)

• United Envirotech +16.4% On Contract Hopes
• Mermaid Maritime To Raise About S$156M Via Rights Issue. To Issue About 243.5M Shrs At S$0.64/Shr
• Olam: To Acquire Almond Orchards, Water Rights For A$128M
• China Gaoxian +1.9% at S$0.265; Valuations Enticing - NRA
• Wilmar +1.4% at S$6.54; Eyes On Roadshows For HK Listing
• Singapore Press Target Raised To S$4.15 Vs S$3.90 By Kim Eng
• TA Securities Starts OCBC At Buy, S$9.20 Target
• STI May Fall On Long Weekend Effect,Flat Wall St

DJIA 9,791.71 (+108.30)

• Asiatravel.com Started At Buy, S$0.72 Target By DBS Vickers
• Singapore Aug Exports Dn 7.1% On Yr;Slowly Recovering
• Asian Shares Gain;Resource, Energy Plays Power Ahead
• China Kunda Off 10.7%; Ops At Crossroads -Analyst
• Ezra +1.1% at S$1.93; To Gain From Better O&M Outlook -DMG
• STI +0.6%, But Market Looks Tired - Trader
• UBS Raises SingTel Target To S$3.66 Vs S$3.38
• Citi Starts STX Pan Ocean At Sell;KRW9,300 Target

DJIA 9,683.41 (+56.61)

• SGX Off 0.5%; Lower Mkt Volume Poses Risk - DMG
• Ying Li +6.1%;To Gain From Chongqing Renewal-SIAS
• Noble In Talks With Investor For Major Stake In Co
• Uni-Asia +10.5% at S$0.58; Shipping Sector Laggard -Dealer
• Hi-P International Started At Buy, S$0.87 Target By DMG
• SingTel May Head Higher On Telstra Breakup Plan
• SMRT Unit Establishes S$1 Billion Medium-Term Note Program
• U.S. Stocks Rise To New 2009 Closing Highs
• Singapore Airlines Target Raised To S$14 Vs S$13.35 By Citi

DJIA 9,626.80 (+21.39)

• Australia Govt Urges Structural Split Of Telstra
• DBSV Starts CH Offshore At Buy, S$0.89 Target
• Wilmar: Units Of Major Shareholder Buy Stake In China Unit
• Singapore Aug Non-oil Exports Likely Down 7.1% On Yr
• NOL Off 2.1% at S$1.86; More Downside In Next 3-6 Mos -CIMB
• Singapore Ppty Change May Hit Bank Earnings - RBS

DJIA 9,605.41 (-22.07)

• Suntec REIT Target Raised To S$0.85 Vs S$0.72 By Goldman
• Keppel Land Target Raised To S$2.72 Vs S$1.84 By Goldman
• Govt To Take Steps To Pre-empt Ppty Mkt Bubble
• STI May Open Lower But Rig Builders May Outperform
• Noble Group Target Raised To S$2.50 From S$2.26 By OCBC
• USD/SGD Likely To Consolidate In 1.420-1.430 Band
• Ezra May Set New 2009 High On US$152M Contracts

DJIA 9,627.48 (+80.26)

• Keppel Corp +3.7% at S$8.20; May Test S$8.45 N/T - OCBC
• Singapore Airlines Target Cut To S$14 From S$15 By HSBC
• Singapore Tech Shares Resilient After Nasdaq Rise
• Noble +2.2% at S$2.36; Stronger 2H09 Earnings Eyed -Nomura
• MobileOne Target Raised To S$2.10 Vs S$1.80 By Morgan Stanley
• STI May Set New 2009 High; Tech Shares Eyed Firm

DJIA 9,547.22 (+49.88)

• Indofood Agri Started At Buy By RBS; S$2.14 Target
• Genting S'pore Target Raised To S$1.05 From S$0.85 By OCBC
• BNPP Starts SingPost At Buy; S$1.28 Target

US Labour Day Holiday

• STI Off 0.4%;Penny Shrs Outperformance A Worry-DBS
• MS Downgrades Singapore Post To Equal-Weight
• Genting Singapore +0.9% at S$1.19;Casino May Open Early-JPM
• STI May Seesaw; China Market Cue Key -AmFraser

DJIA 9,441.27 (+96.68)

• Singapore MAS To Contribute US$2B Contingent Loan To IMF
• Singapore Hotel Plays Rally On Recovery Hopes
• Keppel Corp Target Raised To S$6.12 From S$5.44 By Daiwa
• Chartered Semi CEO: Co Has Chance To Break Even In 3Q
• Yanlord Target Raised To S$3.30 From S$3.10 By Macquarie
• Singapore Banks Lack Catalysts Near-Term - JPM
• STI May Head Higher On US Cue; 2642 Resistance

DJIA 9,344.61 (+63.94)

• Sinopharm Seeks Up To US$1.12B In HK IPO - Sources
• Cazenove Starts Raffles Education At Outperform sets S$0.63 target price.
• Singapore Market Cut To Market Weight From Overweight By CS
• SIA May Rise As A380 Delay Eases Capacity Fears
• STI May Head Higher On US Lead; 2633 Resistance

DJIA 9,280.67 (-29.93)

• Keppel Corp +0.7% at S$7.67; Eco-City Value Limited - CLSA
• STI +0.5%;But Blue Chips Underperform Smaller Caps
• Ascendas REIT Started At Buy, S$1.99 Target By Kim Eng
• Rickmers Erases Gains; Expect Low Payouts - DB
• DBS Vickers Raises Hyflux Target 24.1% To S$3.50
• China Fishery Target Raised To S$1.50 From S$1.37 By CIMB

CLosing STI Index - September 2009

30 Sep 2009: 2,672.57 (+9.26)
29 Sep 2009: 2,663.31 (+34.06)
28 Sep 2009: 2,627.98 (-34.84)
24 Sep 2009: 2,667.43 (-18.51)
23 Sep 2009: 2,685.94 (+0.31)
22 Sep 2009: 2,685.63 (+37.72)
18 Sep 2009: 2,647.91 (-24.69)
17 Sep 2009: 2,672.60 (-1.82)
16 Sep 2009: 2,674.42 (+36.02)
14 Sep 2009: 2,639.74 (-41.29)
09 Sep 2009: 2,682.02 (+31.54)
08 Sep 2009: 2,660.91 (+16.96)
07 Sep 2009: 2,643.95 (+21.26)
04 Sep 2009: 2,622.69 (+24.33)
03 Sept 2009: 2,598.43 (+28.43)
02 Sept 2009: 2,569.93 (-26.46)

DJIA 9,310.60 (-185.68)

• MAS Survey:Economists Expect Singapore '09 GDP To Shrink 3.6%
• Olam Intl Facing Dilution Overhang - Nomura
• Passion Holdings +22% at S$0.305 vs S$0.25 IPO price; IPO 3.5X Subscribed