Thursday, February 16, 2012

Market Daily -- 16th Feb 12

19. United Envirotech Fair Value Raised To S$0.50 From S$0.42 By OCBC

18. Wilmar International Target Raised To S$6.80 From S$6.50 By JPMor

17. Mewah International Target Raised To S$0.52 From S$0.45 By JPMorgan

16. Indofood Agri Resources Target Raised To S$1.80 From S$1.50 By JPMorgan

15. Golden Agri-Resources Target Raised To S$0.75 From S$0.65 By JPMorgan

14. First Resources Target Raised To S$2.10 From S$1.70 By JPMorgan

13. CSC Holdings Target Raised To S$0.123 From S$0.11 By DMG & Partners

12.  Asia Enterprises Target Raised To S$0.36 From S$0.335 By NRA Capital

11.  Keppel Corp Target Raised To S$13.40 From S$11.80 By DMG & Partners

10. Creative Technology +44.2% At S$3.49 After Tablet Platform Launch

9. Hi-P International Target Raised To S$0.95 From S$0.43 By DBS Vickers

8. Sakari Resources Fair Value Raised To S$2.76 From S$2.06 By OCBC

7. Ezion Holdings Target Raised To S$1.35 From S$0.99 By Kim Eng

6. Goodpack Target Cut To S$2.15 From S$2.42 By Kim Eng

5. Singapore Official: No Clear Sign Yet Whether Technical Recession Likely
Singapore Official: January Trade Numbers Give Hope Recession Can Be Avoided 

4. Singapore Industry Secretary Ow: Too Early To Expect Strong US Recovery
Singapore's Ow: Global Outlook Clouded By Uncertainty 
Singapore's Ow: China Growth To Be Damped By Cooling Property Market
Singapore's Ow: No Imminent Rebound For Singapore Economy
Singapore's Ow: Risks To 1%-3% GDP Growth Forecast Include Euro Zone Default 
Singapore's Ow: Oil Price Shock Also Presents Downside Risk
Singapore's Ow: 'Quite Worried' About Impact Of Middle East Tensions 

3. Hyflux Started At Hold, S$1.40 Target - Daiwa

2. Singapore Revised 4Q GDP -2.5% Adj On Quarter, Annualized Vs -4.9% Earlier Estimate
Singapore Revised 4Q GDP +3.6% On Year Vs +3.6% Earlier Estimate
Singapore Revised 2011 GDP +4.9% Vs +4.8% Earlier Estimate
Singapore Govt Keeps 2012 Non-Oil Domestic Export Growth Forecast At 3%-5%
Singapore Govt Keeps 2012 GDP Growth Estimate Between 1% And 3%
Singapore Govt: US Recovery To Be Constrained By Spending Cuts, Weak Housing Market
Singapore Govt: Euro Zone Expected To Enter Into Recession 
Singapore Govt: Major Asian Economies Likely To See Slower Growth

1. The Dow Jones industrial average .DJI dropped 97.33 points, or 0.76 percent, to 12,780.95. The Standard & Poor's 500 Index .SPX lost 7.27 points, or 0.54 percent, to 1,343.23. The Nasdaq Composite Index .IXIC fell 16.00 points, or 0.55 percent, to 2,915.83