DJIA 10,907.42 (+11.56)

• ST Engineering May Gain On S$1B Jet Airways Job
• Hong Leong Asia Target Raised To S$6.00 From S$5.03 By DMG
• Macarthur Coal Rejects A$3.3B Peabody Bid As Too Low
• Singapore February Bank Loans S$284.75 Bln Vs S$283.26 Bln January
• Neptune Orient Lines Restarted At Buy, S$2.40 Target By DBSV
• DMG Starts Yangzijiang At Buy, S$1.48 Target
• CapitaMall Trust: Prices US$500.0 Million 4.321% Fixed Rate Notes Due 2015
• Noble May Fall More;Uncertainty On Macarthur Stake
• USD/SGD Likely To Trade In 1.3960-1.4030 Range
• CapitaMall Trust Sells $500M 5-Yr Bond At 4.321% Yield
• Cosco May Slip; Temasek Holdings Pares Stake
• Singapore Air Target Raised To S$18.90 Vs S$16.20 By Kim Eng

DJIA 10,895.86 (+45.50)

• Starhub Off 0.4% at S$2.29, Holds Near Current 2010 High
• DBS, HSBC, OCBC Arranging SingTel's 10-Year Bond Offer -Source
• SMRT +1.0% at S$2.05; Stronger Ridership Expected -Nomura
• China Kunda: AmFraser BUY (Under Review) TP: S$0.36.
• Golden Agri-Resources Started At Buy, S$0.76 Target By Citi
• Golden Agri Target Raised To S$0.72 From S$0.49 By Deutsche
• Wilmar Target Raised To S$7.45 From S$6.00 By Deutsche Bank
• MIT: Receives New Orders Totalling $12.7M From Solar And Semiconductor Equipment Customers
• Citigroup Starts Indofood Agri Resources At Buy, S$2.63 target,

DJIA 10,841.21 (+5.06)

• C&O Pharma Off 1.2%;Still Among Top Performers
• OCBC Lifts Keppel Land Target To S$4.16; Buy
• CapitaMall Trust Off 0.5%; Fully Valued -Daiwa
• USD/SGD Lower On Asian Stock Gains, Stronger EUR
• Westcomb Upgrades Chip Eng Seng To Buy Vs Hold
• Singapore Govt: February Visitor Arrivals Rise 24.2% On Year
• Golden Agri Holding Up Despite Cargill Threat
• Olam International's Vietnam Unit Opens Instant Coffee Plant -Report
• STI Flat; Activity To Pick Up In April -Dealer
• S'pore Hospitality Stocks May Gain On Traffic Data
• Noble Group Appoints Nick Brewer Chief Operating Officer
• Frasers Centrepoint Target Cut To S$1.44 From S$1.54 By Daiwa
• Chip Eng Seng Target Raised To S$0.53 From S$0.30 By Westcomb
• Parkway Hldgs Target Raised To S$4.06 From S$3.58 By Kim Eng
• Fortune REIT: Hong Kong Stock Exchange Approves Main Board Listing
• Keppel Land Target Raised To S$4.16 From S$3.82 By OCBC

DJIA 10,836.15 (-52.68)

• Expect MAS To Tighten Modestly In April - HSBC
• STI Flat Midday After Choppy Morning Session
• CSE Global +4.7% at S$1.01; UK Buy Attractive -Analysts
• Pine Agritech Down 9.5% at S$0.095 On Debt Obligations. Support expected at S$0.065-S$0.07 levels reached in March last year
• Appetite For S-REITs' Cash Calls May Wane - CIMB
• Noble Off 0.6% at S$3.10; Chance To Buy Emerges - OCBC Buy call with S$3.75 target
• Keppel +0.3% at S$9.06; On Track For S$3.5B Deals - DMG
• Straits Asia +2.5% at S$2.09 On Higher Resource Estimates
• People's Food Target Cut To S$0.52 From S$0.60 By UOB KayHian
• Citigroup Cuts SGX Target To S$9 But Keeps Buy
• STI Likely Down But Small-Cap Interest May Hold

DJIA 10,888.83 (+102.94)

• GS Ups Neptune Orient Lines Target To S$2.80; Buy
• City Developments Target Raised To S$9.44 Vs S$8.46 -Macquarie
• Heeton Holdings Started At Buy, S$0.75 Target By Westcomb
• STX Pan Ocean Target Raised To S$18.20 From S$16.90 By Goldman
• Neptune Orient Lines Target Raised To S$2.80 From S$2.20 By GS
• Z-Obee: Proposed Acquisition Of 15% Equity Interests In Yoho King Limited.
• Macquarie International Infrastructure Fund To Sell Stake For S$244.9M
• USD/SGD Up, Likely To Consolidate At 1.3993-1.4026
• Singapore's HDB Launches S$400M 5-Year Fixed-Rate Note Issue
• Keppel Corp May Edge Up On S$117.6M Barge Job
• STI May Rise To Test Recent 2-Month High Of 2932
• MIIF May Gain On Special Dividend, Buyback Hopes
• Valuations, Competition Cap Bank Stks - DMG
• Noble Group Off 2.7% at S$3.22 After Vice Chmn Sells Shares

DJIA 10,785.89 (+43.91)

• Wee Hur Holdings Unit Gets S$103.6M Contract From CapitaMall Trust
• S'pore Feb CPI +1.0% On Yr;Food,Transport Costs Up
• Rickmers Sinks To Record Low On Debt Concerns
• Natural Cool Target Raised To S$0.26 From S$0.23 By CIMB
• Otto Marine: Subsidiary, Reflect, Bags Its 4th Seismic Contract In As Many Months.
• China Gaoxian: Invests RMB87.2 Million To Boost Warp Knit Fabric Capacity
• STI May Rise But Choppy Session Eyed; 2932 Cap
• Midas, Rotary Earnings To Accelerate From 2H-OCBC
• Singapore Post To Issue Up To S$200M 2020 Fixed-Rate Notes
• Rickmers May Fall On Uncertainty Over Operations

DJIA 10,741.98 (-37.19)

• Asian Shares End Mostly Down; RBI Hike Sparks Tightening Fear
• Chance To Buy DBS After Recent Weakness - BoA-ML
• Genting Singapore Target Cut To S$0.90 From S$1.30 By MS
• Golden Agri Risks More Contract Hits - JPM
• Parkway Holdings Target Raised To S$3.53 From S$3.31 By OCBC
• Keppel: in Joint Venture To Build And Operate New Shipyard In Azerbaijan.
• CapitaMalls Asia Opens Down 1.3% At S$2.36; Joins STI
• CS Raises Hong Leong Asia Target To S$5.15
• Singapore Exchange Target Cut To S$8.38 From S$8.83 By CIMB
• STI May Slip But March Uptrend Likely Intact

DJIA 10,779.17 (+45.50)

• C&O Pharmaceutical Target Set at S$0.456 By SIAS Research
• Singapore Exchange Target Cut To S$7.02 From S$9.90 By Daiwa
• CWT, ARA Hardly Moved By News Of REIT's IPO
• Sembcorp Marine Target Raised To S$5.44 From S$4.54 By CIMB
• Keppel Corp Target Raised To S$11.40 From S$10.90 By CIMB
• CapitaCom Trust Target Raised To S$1.15 From S$1.10 By JPM
• Keppel Land Target Cut To S$3.65 From S$3.70 By JPMorgan
• USD/SGD Edges Higher; Downside Looking Scarce
• CWT, ARA May Gain As REIT Listing Takes Shape
• STI May Rise On Wall Street Lead; 2947 Resistance

DJIA 10,733.67 (+47.69)

• Golden Ocean Completes Secondary Listing On Singapore Exchange
• SP AusNet: Successfully Prices 300M Australian Dollar Offer
• Ezra Holdings Target Raised To S$2.88 From S$2.54 By OCBC
• CapitaCommercial Trust Plans S$225M-S$250M Convertible Bond
• Straits Asia Resources Target Cut To S$1.70 From S$1.85 By GS
• Jardine C&C Target Raised To S$30.60 From S$28.60 By Goldman
• CCT May Fall; Unveils Up to S$250M Conv Bonds
• USD/SGD Edges Lower, But EUR May Cap Downside
• STI May Lack Direction On Mixed Overseas Leads

DJIA 10,642.15 (+17.46)

• Daiwa Ups StarHub Target To S$2.27; Keeps Hold
• Novo Group: Net Profit Surges 422% To US$ 4.7 Million In 3Q FY2010.
• City Developments Target Raised To S$11.85 Vs S$11.38 By DBSV
• Singapore Airlines Target Raised To S$17.90 Vs S$15.90 By CIMB
• SIA Engineering Target Raised To S$4.22 From S$3.90 By UOB KH
• ARA Asset Management Target Set At S$1.36 By CIMB
• Phillip Sec Raises Cosco To Buy; Ups Target 40.1%, raises target price to S$1.45 from S$1.03

DJIA 10,611.84 (+44.51)

• Sing Holdings +4.8% at S$0.44 On Hopes Over Project Launch
• Singtel: May Join Bharti Airtel To Fund Zain Assets Buy - Report
• Cosco Corp Target Raised To S$1.05 From S$0.83 By CLSA
• Asian Shares Mixed; Exporters Underpin Tokyo Stocks
• More SembMarine-Petrobras Jobs Likely - Analysts
• Cosco Down 4.8%; Worst May Not Be Over - CIMB
• Ryobi Kiso: Achieves Revenue Of $50.2 Million And Reports Profit After Tax Of $14.6 Million For First Six Months Of FY2010
• Parkway Holdings +1%; Better To Cash Out - DBS
• Cosco May Fall On Contract Issues, STI Exit
• STI +0.1% Reversal Trend Possible. firm support at this week's low of 2820 - CIMB
• Straits Asia Resources Target Cut To S$2.30 From S$3.20 By DBS
• Parkway Holdings Opens +3.5% At S$3.23 On Fortis Entry
• Genting S'pore Target Raised To S$1.10 Vs S$1.07 By Macquarie
• Yangzijiang Target Raised To S$1.50 From S$1.18 By CIMB
• Wee Hur Holdings Started At Buy, S$0.66 Target By Phillip Sec

DJIA 10,567.33 (+2.95)

• SembMarine +0.5% at S$3.99; Lands S$130M Petrobras Deal
• Midas Off 1.9% at S$1.05 But Listing Bid Sustains Rebound
• Congress Pushes Reforms In Pacific Trade Deal
• CapitaMalls Asia Started At Buy, S$2.51 Target By DBS Vickers
• Pan Hong Property Target Raised To S$0.88 From S$0.77 By CIMB
• USD/SGD Tad Higher; EUR Eyed For Clues
• Tiger Airways Target Raised To S$1.30 From S$1.07 By UOB KH
• Time To Reduce Palm Oil Exposure - BoA-ML
• Singapore Exchange To List US Dlr Euro Stoxx 50 Futures In 2H 2010
• Lian Beng: Bags $144 M Contract To Build Condominium Development At Dakota Crescent.

DJIA 10,564.38 (+11.86)

• CAO To Buy Jet Fuel; $0.70-$0.85/Bbl Discount To Singapore Quotes
• CMA China Project Buy A Worrying Move - Daiwa
• Yangzijiang +4.5% at S$1.17; Dual Listing Hopes Resurface
• Indonesia President Confirms Bali Mastermind Killed In Raid
• Raffles Medical Started At Buy By CLSA; S$1.70 Target
• DBS Starts Tiger Airways At Buy, S$2.10 Target
• Lian Beng +3.6% at S$0.29; Construction Demand To Last - DMG
• JPM Upgrades SMRT To Overweight; S$2.25 Target
• Singapore Health Cos To Post Strong 1Q Results-CS
• Indonesian President Confirms Death Of Terror Mastermind
• Macquarie Ups CapitaMall Trust Target To S$2.07
• ANZ Bank: Approvals Received For RBS Acquisition In Singapore, Taiwan
• JPM Upgrades SMRT To Overweight; S$2.25 Target

DJIA 10,552.52 (-13.68)

• Asian Reserves Down; Weak Euro A Concern -FX ASIA
• Genting S'pore Off 1.6% at S$0.905;Near Term Rebound Unlikely
• SPH: Poised To Continue Repeating Past Rallies Ahead Of Results - Next Due April 13 With Interim Dividend - And Once $3.85-$3.68 Gap Completely Filled, Potential To Test 2009 High Of $3.99
• Cosco Off 1.6%; Likely To Exit STI - CIMB. Results of half-yearly review of STI due March 11, with changes effective from market close on March 19.
• Citigroup downgrades Singapore Airlines (C6L.SG) to Sell from Buy, trims target price to S$16.00 from S$16.10,
• Yong Xin: Demise Of Executive Chairman And CEO Mr Pu Dexing.
• CSC Holdings: Bags Contracts Worth More Than $70M.
• CapitaMalls Asia May Get Lift From China Buy. Maintains Buy rating, S$2.53 price target.
• PEC Likely Up On S$226M JV Job In Netherlands
• UOL Group Target Raised To S$4.90 From S$2.85 By RBS
• City Developments Target Raised To S$9.10 From S$7.50 By RBS
• Jardine Math Target Raised To US$35.00 From US$31.00 By MS
• Keppel Land Target Raised To S$4.50 From S$2.30 By RBS
• USD/SGD Tad Higher; Stocks Key For Direction
• STI May Slip On Profit Taking; Support At 2800

DJIA 10,566.20 (+122.06)

• Dairy Farm Target Raised To US$6.70 From US$5.50 By Citi
• Jardine Strategic May Rise On Cash Return Plan
• Hongkong Land Target Raised To US$5.43 From US$4.70 By Citi
• Singapore Straits Times Index Opens +1.1% At 2,821.16

DJIA 10,444.14 (+47.38)

• Wilmar Target Cut To S$8.20 From S$8.84 By UOB KayHian
• Straits Asia Res Target Cut To S$1.85 From S$2.00 By Goldman
• MS Starts Tiger Air At Overweight; S$1.77 Target
• GIC Has $5 Bln Paper Loss On UBS As Convertible Notes Become Shares - Source
• Hongkong Land's FY09 Profit Jump May Drive Stk
• USD/SGD Higher; But Near Term Bias Down - Trader
• STI Likely To Rise On US Stks; Resistance 2800

DJIA 10,396.76 (-9.22)

• M1 Down 1% at S$2.05, But Still Outperforming S'pore Rivals
• Fraser & Neave Target Raised To S$5.35 From S$2.67 By Nomura
• Midas +5% As HK Dual Listing Takes Shape
• Citi Starts Tiger Airways At Buy; S$2.00 Target
• Singapore Office Rents May Bottom Earlier - DB
• ST Engineering: Electronics Arm Wins S$10M Contract for On-Train Passenger Information Systems For Singapore Downtown Line
• OKP Holdings: Secures $5.2 Million JTC Project For Construction And Maintenance Works At Tuas
• Hiap Hoe: Launches Home Resort At Cavenagh
• Yanlord Land Raised To Overweight From Neutral By JPMorgan
• USD/SGD Lower; Support Tipped At 1.3950
• Hong Leong Asia Target Raised To S$4.90 From S$1.60 By CS
• STI Likely In Narrow Range; Support At 2,727

DJIA 10,405.98 (+2.19)

• S'pore REITs Back On Acquisition Trail - BoA-ML
• Sino Grandness +5.4% at S$0.295; Earnings Renew Interest
• Banyan Tree Target Raised To S$1.04 From S$0.97 By DBS Vickers
• Asian Equities "Attractively Priced" - Standard & Poor's
• Straits Times Index 2010 Target Cut To 3160 From 3200 By CIMB
• China Hongxing Target Cut To S$0.19 From S$0.21 By Deutsche
• CapitaLand Target Raised To S$3.74 From S$3.21 By Nomura
• Sinotel Technologies Cut To Accumulate From Buy By AmFraser
• STI May Trade Sideways; 2727-2800 Near-Term Range

STIndex March 2010

31 Mar 2010: 2,887.46 (-45.93)
26 Mar 2010: 2,906.28 (+17.91)
23 Mar 2010: 2,905.66 (+16.48)
22 Mar 2010: 2,889.18 (-26.52)
17 Mar 2010: 2,919.30 (+22.87)
12 Mar 2010: 2,881.36 (+7.45)
10 Mar 2010: 2,862.29 (+22.75)
09 Mar 2010: 2,839.54 (+4.97)
07 Mar 2010: 2,834.57 (+44.28)
04 Mar 2010: 2,768.70 ((-14.09)
03 Mar 2010: 2,782.79 (+10.59)
02 Mar 2010: 2,772.20 (-1.86)

DJIA 10,403.79 (+78.53)

• Prudential Taps Asian Sovereign Funds To Finance AIA Deal: Sources - FT
• Singapore Exchange: Secures New Commodity Contracts Trading License
• China Hongxing Sports Target Cut To S$0.13 From S$0.22 By DBSV
• Wilmar Raised To Buy From Neutral By OSK
• Singapore REITs To Outperform Developers - JPM
• Sinomem Tech +2.9%; Returns To Profit In 4Q09
• NOL +2.8% at S$1.86;Operating Data Confirm Uptrend-Deutsche
• Sinotel: AmFraser Securities Downgrade ACCUMULATE TP: S$0.89.
• Swiber: Achieves Net Profit Of US$39.0 Million On Revenue Of US$393.4 Million.
• UOB Target Raised To S$20.36 From S$18.66 By Macquarie
• China Print Power: Reported Higher Profit Despite Global Recession In FY2009.
• Ezion Holdings Target Cut To S$0.93 From S$1.00 By CIMB
• Action Asia: Reported 94.2% Rise In Net Profit To S$26.9 Million On The Back Of 22.6% Gain In Turnover To S$267.1 Million In FY09.
• Macquarie Raises UOB Target To S$20.36
• Golden Agri Target Cut To S$0.46 From S$0.62 By Phillip Sec

DJIA 10,325.26 (+4.23)

• Ziwo +4.6% at $0.47; Capacity Hike To Drive Earnings-UOB
• OCBC Raises Venture Corp To Buy; S$9.03 Target
• Asian Shares Higher; Resource Stocks Lead Gains
• Z-Obee: Dual Primary Listing On The Main Board Of The Stock Exchange Of Hong Kong Limited
• Midas Holdings Target Raised To S$1.21 From S$1.14 By CIMB
• Straits Asia May Edge Up On CEO Appointment
• Wilmar May Rise; 4Q Beat Mkt Expectations-JPM
• Allgreen Properties Target Raised To S$1.60 From S$1.40 By CS
• UOB Target Raised To S$18.20 From S$17.00 By OCBC
• STI May Lack Conviction, Stay In 2727-2765 Band
• Raffles Medical Target Raised To S$1.95 From S$1.65 By CS