DJIA 9,962.58 (+199.89)

• S'pore Bank Lending To Pick Up In 2010 - DB
• CIMB Raises Singapore Post Target To S$1.09
• UOB +1.9%; 3Q Profit May Beat Expectation-Analyst
• Daiwa Raises Noble Group Target To S$3.05
• USD/SGD Lower After US Stocks Rally;1.3960 Support
• Neptune Orient Lines Target Cut To S$1.48 Vs S$1.68 By OCBC
• Singapore Post Target Raised To S$1.09 From S$0.88 By CIMB
• Phillip Securities Starts China Kunda Tech At Buy
• NOL +0.6%; 3Q Slightly Disappointing - Nomura
• STI +1.3%; Laggard Blue Chips Rally; 2,670 Cap

DJIA 9,762.69 (-119.48)

• Citi Upgrades CapitaMall To Buy On CMA Selloff. Maintains S$1.70 target price.
• STI Off 0.9%; US GDP Eyed; 2600 Support
• StarHub Downgraded To Hold From Outperform By Daiwa
• Nomura Raises Keppel Corp Target To S$9.60
• Asian Shares Fall, Cyclicals Hit; NEC Elec Pressured
• Fitch Assigns Final 'BBB-' Rating to Noble Group's Senior Notes Due 2020
• SMRT Flat; 2Q10 Results Likely Robust - BNP
• STI Down 1.2% At 3-Week Low; Uptrend Broken -CLSA
• Osim May Rise On 3Q09 Profit, FY09 Guidance
• Credit Suisse Raises Hyflux Target To S$4.10
• STI May Slip On US Jitters; 2600 Support
• OCBC Target Cut To S$8.72 From S$8.97 By CIMB
• Swissco May Edge Up On C2O Takeover Offer

DJIA 9,882.17 (+14.21)

• OCBC 3rd Quarter Net Profit Up 12%, Beats Market Forecasts
• Singapore's PEC Expands Work Scope At ExxonMobil Project
• Noble Group Raises US$2.4 Billion Via Loan Syndication
• CS Upgrades Great Eastern Holdings To Outperform raises target price to S$15.41 from S$12.84,
• JPMorgan Upgrades ST Engineering To Overweight
• Ascott Residence May Fall On 2009 Profit Warning
• Suntec REIT Fair Price Raised To S$1.04 Vs S$0.82 By UOB-KH
• CapitaLand Target Raised To S$5.04 From S$4.60 By Kim Eng
• SingTel Target Cut To S$3.42 From S$3.64 BY BNP Paribas
• STI May Slip, Stay Rangebound On Tepid US Lead

DJIA 9,867.96 (-104.22)

• OCBC Off 1.2% at S$7.53, S$7.40 Support Tipped - AmFraser
• Credit Suisse Raises Genting Target To MYR6.27
• Asian Shares Lower After US Fall; Energy Stocks Fade
• CapitaLand Dn 2.5% at $4.32 But Still Outperforming In Oct
• Cosco (Singapore) Fair Value Raised To S$1.33 Vs S$0.95 -UOB
• Olam Target Raised To S$3.33 From S$2.85 By OCBC
• Noble Group Target Raised To S$3.14 From S$2.67 By OCBC
• Singapore Airport Terminal Tgt Raised To S$3.39 Vs S$3.24-BNP
• CapitaLand 3Q Net Falls 33% On Lack Of Divestment Gains
• Temasek: Completed US$1.5B, 2019 Bonds Offer; 4.3% Coupon
• STI Likely Down; Commodity Shrs May Underperform

DJIA 9,972.18 (109.13)

• Nomura Raises Olam Target To S$2.69 Vs S$2.61
• Singapore Office Market Bottoming Out - CIMB
• Singapore Banks 3Q Net Seen Down On Sluggish Loan Growth
• Pre-Earnings Rally Capping S'pore Shares - DBSV
• Guthrie GTS +9% at S$0.425 After S$15.1M Married Deal
• Taiwan, US To Restart Trade Talks In March Or April - Report
• Swiber Holdings Target Raised To S$1.95 From S$1.61 By CIMB
• China Lifestyle May Fall On 3Q09 Profit Warning
• Keppel Corp Target Raised To S$7.50 From S$7.00 By DnB NOR
• USD/SGD Higher On Risk Aversion; 1.4000 May Cap
• STI May Head Lower On US Lead; 2670 Support
• Olam Target Raised To S$2.69 From S$2.61 By Nomura

DJIA 10,081.31 (+131.95)

• SATS +0.8% at S$2.54; Upside Limited After Recent Run-Up
• Noble Group Raises US$850M In 10-Year Global Bonds
• Keppel Corp Target Raised To S$7.73 From S$7.07 By CLSA
• UBS Upgrades SATS To Buy, Raises Target To S$3.00
• SATS May Clear Oct High On 2Q10 Results, Dividend
• Sands May Be Seeking $2 Bln For Macau Projects - Bloomberg
• STI Likely Higher But Thin Volume Eyed; 2739 Cap
• CapitaMall Trust Target Raised To S$1.96 From S$1.64 By RBS
• Keppel Corp Target Raised To S$11.20 Vs S$9.40 By Deutsche Bk
• Keppel Corp Target Raised To S$7.45 Vs S$7.10 -Credit Suisse

DJIA 9,949.36 (-92.12)

• Singapore Dollar Down Slightly On Profit-Taking; Yield Curve Steepens
• CapitaMall Off 1.7%; Needs Acquisition Push - DMG
• MS Ups CapitaLand To Equalweight; S$3.99 Target
• Cosco Pares Losses; Bad News Priced In - Dealer
• Asia Summit To Tackle Economic Crisis, Disaster Management
• China Fibretech May Slip On 3Q Profit Warning
• CapitaMall May Edge Up On Guidance, 3Q Results
• Ezra Holdings May Fall; Dilutive Bond Issue. Company says plans to raise US$100 million via sale of 5-year convertible bond, proceeds used to fund new business ventures and acquisitions and for capex.
• STI Likely To Open Lower; Eyes On China Data

DJIA 10,041.48 (-50.71)

• Singapore Penny Shares Subdued After Broker Ban. According to UOB KH's website, investors won't be able to use their Internet account to trade Transcu Group, Ban Joo, BBR Holdings, Centillion Environment, Digiland, Jade Technologies, covered warrants. No reason given for restriction.
• Ezra May Rise; EOC Secures $1B FPSO Contract
• STI Dn 0.1%;Has To Clear 2715 To Head Higher-CIMB
• MS Raises Keppel Corp Target To S$8.30
• ST Eng Target Raised To S$3.70 From S$2.60 By Macquarie
• Keppel Corp Target Raised To S$10.80 From S$9.00 By CIMB
• Sembcorp Marine Target Raised To S$4.38 From S$3.48 By CIMB
• Jason Marine Opens At S$0.33 On SGX Debut Vs S$0.21 IPO Price
• Noble Group Target Raised To S$3.30 From S$2.65 By CIMB
• Olam Intl Target Raised To S$3.50 From S$2.75 By CIMB

DJIA 10,092.19 (+96.28)

• S'pore Hospitality REITs Recovery Hazy - Daiwa
• STI +0.3%; Huge Upside If 2746 Breached - Analyst
• S'pore O&M, Commodity Plays May Get Oil Boost
• Ascendas REIT Target Raised To S$2.02 From S$1.74 By CIMB

DJIA 10,062.94 (+47.08)

• STI May Rise On US Cue But Upside Likely Limited
• USD/SGD Likely To Consolidate On Lack Of Cues
• Singapore Air Target Raised To S$16.20 Vs S$14.70 By Kim Eng
• Singapore Airlines Target Raised To S$15 Vs S$10.55 By CIMB
• Ezra Target Raised To S$2.60 Vs S$2.14 By CIMB
• ST Engine Target Raised To S$3.10 Vs S$2.60 By DBS Vickers

DJIA 10,015.86 (+144.80)

• ST Engineering +1.4% at S$2.83 On $500M US Army Contract
• BoA-ML Starts Genting Singapore At Underperform
• M1 +1.1%; 3Q Net Profit Likely +11% On-Year - RBS
• S'pore Sep Non-Oil Exports Likely Dn 6% Y/Y -Poll
• STI +0.5%; Some Risk Of Profit Taking -Trader
• China Gaoxian Dn 5.8% at S$0.245; Margins Can't Hold-Analyst
• K-REIT Asia Target Raised To S$1.06 From S$0.76 By CLSA
• Epure +0.8% at S$0.62; New Project Expands Portfolio - DBS
• People's Food Target Raised To S$0.63 From S$0.37 By CIMB
• China Hongxing +2.4% at S$0.21; Nascent Sales Momentum - DB
• StarHub EPL Loss Not The End Of The World - BNP target price to S$2.19 from S$2.35
• ASEAN Must Integrate To Be Powerhouse -StanChart
• Goodpack May Rise; 1Q10 Net Profit Jumps 78% Q/Q
• S'pore Banks' 3Q09 Profits Likely Lower Q/Q - DMG
• OCBC To Buy ING Asian Pvt Banking Assets For US$1.5B-Source

DJIA 9,871.06 (-14.74)

• Ezion +4% at S$0.775; Australian Gas Field Project Underway. CIMB's initiation at Outperform with S$1.00 target
• Asia Leading World Out Of Downturn - Ex-President Bush
• SGX Eyed In S$8.4-S$8.54 Band Before 1Q10 Results
• Ezion Holdings Started At Outperform, S$1 Target By CIMB
• Yangzijiang Target Raised To S$1.36 Vs S$1.20 By DBS Vickers
• City Developments Target Raised To S$9.83 Vs S$9.26 By OCBC
• K-REIT May Rise; Solid 3Q Portfolio Ops - Nomura
• Cosco Singapore Target Cut To S$1.17 From S$1.50 By AmFraser
• U.S. Stocks Ease; Intel Shines After-Hours
• MobileOne Target Raised To S$2.00 From S$1.80 By Macquarie

DJIA 9.885.80 (+20.86)

• Macquarie Upgrades Fortune REIT To Outperform
• PEC: Contracted By Shell To Maintain Bukom Site In Singapore
• DBS Pulls Out Of Race For ING Asia Pvt Banking Assets-Source
• STI Flat; US Futures Down; Banks, Ppty Shrs Weigh
• ST Engineering Marine Unit Wins S$108M Contract
• RBS Coutts Sufers Mass Resignations In Singapore
• Nomura Restarts Golden Agri-Resources At Neutral
• Asian Shares Mixed Ahead Of U.S. Earnings
• CDL Hosp Trusts Target Raised To S$1.11 From S$0.80 By Citi
• Singapore Govt Extends Jobs Credit Scheme By 6 Mos
• Genting Singapore Started At Overweight By MS; S$1.30 Target
• Golden Agri Restarted At Neutral By Nomura; S$0.50 Target
• Singapore Press Target Raised To S$3.68 From S$2.84 By Daiwa
• STI May Edge Up On US Lead; 2700 Resistance

DJIA 9,864.94 (+78.07)

• Keller Group To Buy Resource Holdings For GBP31M
• S'pore Banks' 3Q Results To Be "Unexciting" - CS
• Asian Shares Mixed; Tech Cos Track US Peers Higher
• US Dollar Trades At S$1.4004 Vs S$1.3927 In Asia Late Fri
• Indofood Agri Target Raised To S$2.20 From S$2.10 By CIMB
• Jiutian Chemical May Rise On Encouraging Update
• Singapore 3Q Advance GDP +14.9% On Quarter Adj, Annualized
• GS Raises Singapore Airlines Target To S$14.00
• Chemoil Energy May Fall; Warns Of 3Q09 Loss
• S'pore 3Q Construction Sector Fall May Hurt Shrs

DJIA 9,786.87 (+61.29)

• ST Engineering Poised For Outperformance - Citi
• Straits Asia Off 8.6% As Coal Output At Risk
• UBS Raises Olam Target To S$3.20; Keeps Buy
• Hengyang Opens At S$0.50 On SGX Debut Vs S$0.38 IPO Price
• S'pore Banks' 3Q Earnings Likely Unexciting - JPM
• Citi Cuts SingTel To Hold, Cuts Target To S$3.10
• Fraser & Neave Target Raised To S$4.80 From S$4.52 By DBSV
• STI +0.1%; May Pull Back On Pre-Weekend Selling

DJIA 9,725.58 (-5.67)

• Olam, Noble Advance; Weak USD Supportive -Analyst
• Asia Central Banks Intervene Again As Dollar Tumbles
• DMG Raises SGX Target To S$7.60, Keeps At Sell
• Li Heng Off 8.7% at S$0.315As HK Listing Hopes Dashed
• Credit Suisse Raises Noble Target To S$2.10
• Goodland Group Debuts On SGX At S$0.28 Vs S$0.20 IPO Price
• Ziwo Hldgs Opens At S$0.30 On SGX Debut Vs S$0.235 IPO Price
• Midas Holdings Target Raised To S$1.14 From S$0.87 By CIMB
• Li Heng May Fall; Calls Off Restructuring Plan
• Singapore Airport Terminal Services Started At Buy By BNPP
• Ezra Hldgs Target Raised To S$2.12 From S$2.00 By OCBC
• Singapore Exchange Target Raised To S$7.60 From S$7 By DMG
• Tiong Woon May Slip On S$27.3M Share Placement of up to 34 million new shares at S$0.83 each, representing 5.1% discount to last traded price.
• STI May Slip But Earnings Hopes May Lend Support

DJIA 9,731.25 (+131.50)

• NOL +4.3% at S$1.69 On BDI Rebound, Shipping Rates Hope
• Loss Of English Soccer Rights Clouds StarHub's Outlook. Singapore-based boutique property developer's IPO, fully taken up, comprises 30 million placement shares priced at S$0.20 each
• Loss Of English Soccer Rights Clouds StarHub's Outlook
• Wilmar Three-A Buy Has Minimal Earnings Impact-TA Maintains Buy call, S$7.55 target price.
• CSE Global Target Raised To S$1.00 Vs S$0.90 By DBS Vickers
• SingTel Target Cut To S$3.30 From S$3.45 By DBS Vickers
• STI +1.1%; Eyes On Corporate Earnings - OCBC
• FJ Benjamin Target Raised To S$0.38 From S$0.24 By Kim Eng
• SingTel Shares May Face N/T Pressure - UBS
• STI Likely Up; Pre-Earnings Interest Eyed -Dealer

DJIA 9.599.75 (+112.08)

• STI +1.1% But Off Peak; SingTel Restrains Rise
• CNA Group Started At Buy, S$0.52 Target By DMG
• Anwell Technologies +7.6% at S$0.495; Signs Solar Panel MOU
• Berlian Laju Flat; Camillo Buy Risky - CIMB
• United Envirotech Dn 12.6% On Dilution, Pft-Taking
• Singapore MAS May Defend US Dlr Around S$1.4020 -Source
• JPMorgan Raises CapitaLand Target To S$5.00
• CSE Global +4.1% at S$0.755; May Land More Contracts - CIMB
• Wilmar Target Raised To S$7.20 From S$7.00 By Nomura
• CapitaLand Target Raised To S$4.15 From S$3.72 By OCBC
• United Envirotech May Slip On Share Placement
• STI +1.1%, But N/T Technical Outlook Dim - CIMB

DJIA 9,487.67 (-21.61)

• MTNL: Talking To SingTel, Telecom Malaysia For Landing Stations
• Time To Exit Singapore Developers - BoA-ML
• CapitaLand Target Cut To S$2.95 Vs S$4.55 By BoA-ML
• City Developments Target Cut To S$8.70 Vs S$11.60 By BoA-ML
• Straits Asia Dn 6% at S$1.88, But Valuations Enticing - UBS
• StarHub Target Cut To S$2.15 From S$2.50 By Mirae
• UBS Raises SMRT Target To S$1.99; Keeps At Buy
• STI Off 0.5%; More N/T Downside Possible - DMG
• CapitaLand Plans To List Its Shopping Mall Ops In Singapore. CapitaLand's Retail Unit Has 86 Properties Valued At S$20.3B
• Parkway Holdings Target Raised To S$3.10 Vs S$2.90 By CS
• Indofood Agri Raised To Buy From Hold By DBS Vickers
• China Milk Target Raised To S$0.64 From S$0.52 By DMG
• S'pore Banks May Slip; MAS Flags Fund Raising
• STI May Open Lower; Support Eyed At 2560

DJIA 9,509.28 (-203.00)

• KE Downgrades China Hongxing Sports To Hold Vs Buy unchanged S$0.23 target price
• Singapore Airport Terminal Services Started At Buy By DBS
• Jetstar To Launch Flights To Mainland China From Dec 16
• ST Engineering Target Raised To S$3.22 From S$2.72 By Nomura
• SingTel Target Raised To S$3.53 From S$3.16 By Macquarie
• StarHub Target Cut To S$2.00 From S$2.50 By DBS Vickers
• Hiap Seng Eng Started At Buy By DBS Vickers; S$0.90 Target
• STI Likely Lower On US Lead; May Test 2,600

Closing STI Index - October 2009

30 Oct 2009: 2,651.13 (+18.82)
29 Oct 2009: 2,632.31 (-16.67)
28 Oct 2009: 2,648.98 (-45.52)
27 Oct 2009: 2,694.50 (-22.12)
26 Oct 2009: 2,716.62 (+1.28)
22 Oct 2009: 2,681.97 (-10.58)
21 Oct 2009: 2,692.55 (-18.54)
20 Oct 2009: 2,711.09 (-0.61)
16 Oct 2009: 2,707.45 (-4.70)
15 Oct 2009: 2,708.53 (+0.05)
14 Oct 2009: 2,708.48 (+40.08)
13 Oct 2009: 2,672.57 (-7.90)
08 Oct 2009: 2,650.95 (+16.32)
07 Oct 2009: 2,634.63 (+22.74)
06 Oct 2009: 2,617.01 (+33.28)
05 Oct 2009: 2,593.70 (-10.83)
02 Oct 2009: 2,604.53 (-52.91)
01 Oct 2009: 2,657.44 (-15.13)

DJIA 9,712.28 (-29.92)

• Bukit Sembawang Target Raised To S$6.17 From S$5.02 By CIMB
• Ho Bee Target Raised To S$1.87 From S$1.59 By CIMB
• City Dev Target Raised To S$12.91 From S$11.76 By CIMB
• CapitaLand Raised To Neutral From Underperform By CIMB
• Magnitude 7 Quake Hits Indonesia's Sumatra Island-Geologists
• K-Reit Asia To Raise S$616M In Net Proceeds Via Rights Issue. To Offer 1 Right Per Share At S$0.93 A Share
• StarHub May Slip; Loses EPL, Sports Content Bid
• SingTel Gets Rights To English Premier League Games
• STI May Open Down On US Econ Jitters;2630 Support