DJIA 10,309.92 (-154.48)

• HSBC Starts SATS At Overweight, S$2.90 Target
• Dubai Woes May Hit Singapore Oil & Gas Cos - CIMB
• CityDev May Fall On South Beach Project Risk
• China Fishery Target Raised To S$1.63 Vs S$1.51 -DBS Vickers
• Mermaid Maritime May Slip;FY09 Net Profit Down 36%
• STI Off 0.3%; Muted Dubai Reaction Supports-UOB
• UOB Target Raised To S$23.32 Vs S$21.33 By CIMB
• StarHub Target Cut To S$2.30 From S$2.90 By JPMorgan
• RBS Starts Yanlord Land At Buy, S$2.76 Target

DJIA 10,464.40 (+30.69)

• Venture Corp Off 3% On CDO, HP Ops Concerns
• DMG Starts Noble Group At Buy, S$3.36 Target
• Cerebos Pacific +4.8% On S$0.25/Share Dividend
• STI Off 0.9%; Lower Liners Buck Fall; 2750 Floor
• Hyflux Off 0.6% at S$3.12; Weak Mkt Offsets Funding News
• Cambridge Industrial May Need New Funds - Nomura
• Asian Shares Mixed; Strong Yen Hits Tokyo Exporters
• S'pore Property Prices Have More Room To Rise-UOB
• PEC Ltd Started At Buy, S$0.88 Target By DBS Vickers
• Oceanus Group Cut To Outperform From Buy By Daiwa
• Q&M Dental Group Opens At S$0.345 On SGX Debut Vs S$0.27 IPO
• CapitaMall Trust Target Raised To S$1.96 Vs S$1.69 By Kim Eng
• Swiber May Get Boost From US$77M Myanmar Job
• STI Eyed Lower In Quiet Trade; 2750 Support

DJIA 10,433.71 (-17.24)

DJIA 10,450.95 (+132.79)

• Temasek To Raise S$600M Via 20-Year, 30-Year Bonds
• MacarthurCook Industrial REIT Opens +1.4% At S$0.355
• OCBC Restarts Ascendas REIT At Hold,S$1.76 Target
• Parkway Life REIT Target Raised To S$1.84 Vs S$1.65 By UOB KH
• USD/SGD Expected To Fall; Support At 1.3815
• Keppel Corp May Rise On US$200M Vietnam Rig Job
• City Developments Target Cut To S$12.00 Vs S$12.50 By UBS
• CapitaCommercial Target Raised To S$1.39 Vs S$1.24 By UBS
• Suntec REIT Target Raised To S$1.44 Vs S$1.18 By UBS
• STI Set To Clear 2800 For 1st Time Since Aug 2008

DJIA 10,318.16 (-14.28)

• UOB Target Raised To S$22.60 Vs S$17.60 By BNP Paribas
• STI +0.7%, But Near-Term Gains May Be Limited -DMG
• DBS Target Raised To S$18.30 Vs S$13.30 By BNP Paribas
• Sino Grandness Opens At S$0.375 On Debut Vs S$0.29 IPO Price

DJIA 10,332.44 (-93.87)

• Citi Ups DBS Target To S$16.70; Top Sector Pick
• Asian Shares Mostly Lower; Tech, Resources Cos Down
• Citi Raises OCBC Target To S$9.40; Keeps Buy
• Cambridge Industrial Trust: MAS Won't Approve Co's Manager To Manage Macarthurcook
• Airbus Won't Cut Prices To Keep Orders - Executive

DJIA 10,426.31 (-11.11)

• S'pore Banks Up; Earnings To Grow Fast - CLSA
• Boeing 787 Likely To Make First Flight Around Dec 22-Source
• Nomura Lifts M1 Target To S$2.10; Keeps Buy
• Genting S'pore To Ride Positive Newsflow - CIMB Maintains Trading Buy call and S$1.25 target price.
• Hyflux Started At Outperform, S$3.44 Target By Daiwa
• Singapore Govt: 4Q 2009 GDP Will Contract Vs 3Q 2009
• S'pore GDP Suggests Sluggish Recovery - Stanchart
• STI May Slip On US Lead, S'pore 2010 Econ Outlook

DJIA 10,437.42 (+30.46)

• STI Capped As Earnings Upgrades Slow - CLSA
• Wilmar Off 0.8% at S$6.27; 4Q Profit Eyed Lower Q/Q -Citi
• Nomura Lifts SPH Target To S$3.99; Keeps Neutral
• Singapore 3Q GDP Likely +14.2% On Quarter Annualized
• CapitaLand Target Raised To S$4.85 Vs S$4.43 By DMG
• Telecom Giants Converge At Asia's Top Mobile Show
• CapitaLand Target Cut To S$5.36 Vs S$5.65 By CIMB
• ComfortDelgro Target Raised To S$1.78 Vs S$1.37 By Phillip
• UOB Target Raised To S$19.20 From S$17.50 By Goldman Sachs
• DBS Target Raised To S$14.80 From S$13.60 By Goldman Sachs
• OCBC Target Raised To S$9.40 From S$8.60 By Goldman Sachs
• Singapore Press Target Raised To S$3.99 Vs S$3.10 By Nomura
• Wilmar Target Cut To S$6.06 Vs S$6.16 By Citi
• Noble Group Target Raised To S$3.30 Vs S$2.70 By Nomura
• STI Upside Eyed Minimal;Focus On Mid-Cap Stks-DMG
• SATS Unlikely To Be Hit By New S'pore Rival - BNP
• Singapore Airlines Target Cut To S$16.70 Vs S$17.50 By CS

DJIA 10,406.96 (+136.49)

• Olam's Almond Buy Brings New Risks - Deutsche
• Parkway Holdings Target Raised To S$3.00 From S$2.35 By UBS
• Singapore Banks Well Supported After Rally - RBS
• Singapore's Oct Non-Oil Domestic Exports Down 6.1% On Year
• Olam +0.8%; Almond Buy Value Accretive - JPM
• CapitaMalls Asia: IPO Offering To Start November 18. Shares To Start Trading Nov 25
• Slowing S'pore Home Sales "Welcome Breather" - GS
• MI-REIT/CIT Battle Positive For S-REITs - JPM
• Phillip Securities Ups Oceanus Target To S$0.52
• CapitaMalls Asia IPO Priced At S$2.12 Per Share - Source
• STI Off 0.2%; Mkt In 'Wait-And-See' Mode - Dealer

DJIA 10,270.47 (+73.00)

DJIA 10,197.47 (-93.79)

• Singapore Fin Min: No Discussion Of Asian Monetary Fund In APEC
• CLSA Ups ComfortDelGro To Buy; S$1.77 Target
• Singapore Signs Double Taxation Agreement With France
• Olam Raised To Buy From Hold By Kim Eng
• Li Heng Chemical Target Cut To S$0.28 Vs S$0.38 By Kim Eng
• Singapore PM: Next 2 Years Growth To Be Slow Worldwide
• Ho Bee Investment Raised To Buy From Hold By DBS Vickers
• STI Down 0.7%; Profit-Taking Eyed; 2700 Support

DJIA 10,291.26 (+44.29)

• Nomura Raises CapitaLand Target To S$3.21
• APEC Ministers: To Seek Growth, Sustainable Development
• Kim Eng Raises Hour Glass To Buy; S$0.81 Target
• SP AusNet Ups Profit, Housing Demand Driving Growth
• China Zaino Target Cut To S$0.34 Vs S$0.38 By CIMB
• Noble Group Target Raised To S$3.70 Vs S$3.30 By CIMB
• Venture Corp Target Cut To S$9.58 Vs S$10.44 By CIMB
• Wilmar May Rise; 3Q09 Profit +35.3% On-Year

DJIA 10,246.97 (+20.03)

• China Hongxing +2.9% at S$0.18;Oct Trade Event Orders +4.6%
• Tiong Woon Off 3.5%; Ops Should Pick Up - CIMB
• Singapore Air Target Raised To S$13.13 From S$11.98 By OSK
• SIA Off 2.1% at S$13.96; Yield, Dividend Disappoint - CS
• SPH Falls 3.1% at S$3.77; Mall Bid Too Aggressive - Citi
• Singapore Air Near Term Bias Weak On Poor 2Q - GS
• Midas Holdings May Rise; 3Q09 Profit +17.4% Y/Y
• Starhub Target Cut To S$2.29 From S$2.88 By OCBC
• STI May Edge Up On Overseas Leads; 2740 Cap

DJIA 10,226.94 (+206.52)

• CIMB Starts Straits Asia Resources At Outperform
• Mapletree Log Off 3.4%; Deals Unexciting - CIMB
• RBS Raises Noble Target To S$3.16; Keeps Buy
• DBS Target Raised To S$14.55 Vs S$10.80 By Phillip Securities
• NOL May Rise; Operating Data Mild Positive - MS
• Longcheer Hldgs Target Target Cut To S$0.75 Vs S$0.865 By DMG
• Armstrong Industrial May Rise; 3Q Profit +67.6%
• STI Set To Gain, May Test 2,700 On Wall St Cue

DJIA 10,023.42 (+17.46)

• StarHub: Reached Deal With Apple On iPhone
• StarHub Target Cut To S$2.20 From S$2.40 By UBS
• DBS Target Raised To S$14.54 Vs S$13.69 By Macquarie
• Singapore Land Target Raised To S$5.32 Vs S$4.83 By CIMB
• MCL Land Target Raised To S$2.26 Vs S$1.99 By Kim Eng
• STI +0.3%; Trend Still Sideways For Now - CIMB

DJIA 10,005.96 (+203.82)

• Olam +2.9%; 1Q Eyed Strong, Demand Rising - CLSA
• STI +1.2%; Trading Expected To Wind Down - DBSV
• China Aviation Oil Seeks Jet Fuel For 1H December. To Buy 30,000-40,000 Tons December Jet Fuel -Trader
• Synear Food Target Raised To S$0.28 From S$0.14 By Deutsche
• Epure May Rise On CNY124M Contract In Hainan
• DBS Group 3Q Net Profit S$563M Vs S$379M; Expected S$463M
• Neptune Orient Lines Target Raised To S$1.50 Vs S$1.40 By MS
• Raffles Medical Target Raised To S$1.30 Vs S$0.68 By Deutsche
• Parkway Life REIT May Rise;Yield Attractive -Citi
• USD/SGD May Trade In 1.3940-1.3990 Range
• STI Likely Up, But Hard To Gauge Pattern-AmFraser

DJIA 9,802.14 (+30.23)

• CLSA Upgrades SembMarine To Buy; S$3.92 Target
• Nomura Cuts SingTel Target To S$3.45; Keeps Buy
• STI Off 0.5%; Market Likely Rangebound N/T - UOB
• Sembcorp Marine Fair Value Raised To S$3.2 Vs S$2.6 - UOB-KH
• Hyflux Target Raised To S$4.02 From S$3.18 By CIMB
• China Hongxing Sports Target Cut To S$0.18 Vs S$0.23 -Kim Eng
• Synear Food May Edge Up; 3Q Net Profit +23% Y/Y
• Synear Food Target Raised To S$0.22 From S$0.19 By CIMB
• USD/SGD Lower; Support Pegged At 1.3920
• STI Off 0.4%; Mkt Toppish, More Downside - Trader

DJIA 9,771.91 (-17.53)

• Kim Eng Cuts Raffles Education Target To S$0.51
• Cosco Target Cut To S$0.78 Vs S$0.96 By DBS Vickers
• Raffles Education Target Cut To S$0.42 Vs S$0.68 By DBSV
• China Hongxing Off 2.7% at S$0.18; Consumer Demand Weak
• S'pore Property Developers To Keep Lagging - Citi
• AusGroup Target Cut To S$0.96 From S$1.08 By CIMB
• Cosco Corp Target Raised To S$0.67 From S$0.62 By CIMB
• AusGroup May Fall On 1Q10 Profit Fall, Outlook
• Three-A May Fall On Sharply Discounted Placement following company price fixing for 61.6 million placement shares at 75 sen each.
• ST Engineering Target Raised To S$3.25 From S$3.00 By DB
• Raffles Education May Slip;1Q Below Forecast-Citi
• Raffles Education Target Cut To S$0.51 Vs S$0.63 By Kim Eng

DJIA 9,789.44 (+76.71)

• NOL Off 0.6% at S$1.57; Recovery Still Distant - Macquarie
• CapitaLand +0.2%; CMA Payout On Cards - RBS
• S'pore Press Holdings Ad Demand Picking Up - CS
• Saizen REIT May Fall; Defaults On S$113M Loan
• SIA Engineering Target Raised To S$3.20 From S$2.97 By CIMB
• KLCI Steady;Palm Shrs Weak On CPO Supply Concerns
• STI +0.2% But Overall Market Activity Subdued

Closing STI Index - November 2009

30 Nov 2009: 2,732.12 (-30.10)
25 Nov 2009: 2,764.21 (-28.63)
24 Nov 2009: 2,779.98 (-17.90)
23 Nov 2009: 2,797.88 (+36.34)
20 Nov 2009: 2,761.54 (+2.75)
19 Nov 2009: 2,758.79 (+13.75)
18 Nov 2009: 2,745.04 (-19.91)
17 Nov 2009: 2,764.95 (-18.90)
13 Nov 2009: 2,727.23 (+0.99)
12 Nov 2009: 2,726.24 (-14.19)
11 Nov 2009: 2,735.58 (+27.98)
10 Nov 2009: 2,707.60 (+14.22)
03 Nov 2009: 2,621.55 (-23.88)
02 Nov 2009: 2,645.43 (+5.70)

DJIA 9,712.73 (-249.85)

• Singapore Straits Times Index Reverses Loss, +0.1% At 2652.54
• Ezion +1.3% at S$0.775; Gets SGX OK For Mainboard Upgrade CIMB, which has Outperform call with S$1.00 target.
• CapitalMalls Asia Plans To Raise Up To S$2.8B In IPO - Source
• Rotary Engineering Target Raised To S$1.92 Vs S$1.41 By CIMB
• MS Upgrades UOB To Overweight; S$21.00 Target
• Genting Singapore Target Raised To S$1.27 Vs S$1.05 By CIMB
• SingTel's Stake Rise In Bharti Immaterial - DB
• CSE Global Target Raised To S$1.34 From S$1.08 By CIMB
• China Milk Target Cut To S$0.47 From S$0.64 By DMG
• Sembcorp Industries Target Raised To S$4.62 Vs S$3.84 By CIMB