1. SingTel 1Q Net Pft S$878M Vs S$927M; Poll S$928.9M
2. Merrill Lynch upgrades Olam International to Neutral from Underperform. Sets fair value at S$2.60
3. CapLand Target Cut To S$5.18 Vs S$6.08 By Daiwa; Keeps Hold
4. Sino-Environment (Y62.SG) may rise above S$1.40 on expectations earnings 2Q08 net profit +48.9% on-year at CNY57.6 million as revenue +73.9%. Deutsche Bank, which retains Buy call, S$1.87 target.
5. StarHub Target Cut To S$3.30 From S$3.50 By Daiwa
6. Cazenove downgrades Neptune Orient Lines to Underperform from In-Line; cuts target price to S$2.00 from S$3.30
7. Daiwa cuts StarHub target price to S$3.30 from S$3.50; maintains Outperform rating
8. SingTel To Launch iPhone In Singapore Aug 22
9. Credit Suisse downgrades Asia Environment to Neutral from Outperform; slashes target price to S$0.44 from S$0.60
10. DBS Vickers downgrades Amara Holdings to Hold from Buy. Cuts target price to S$0.50 from S$0.82
11. STX Pan Ocean +1.8%; 1H08 Beat Forecasts - GS
12. Credit Suisse cuts Epure target price to S$0.65 from S$0.73
13. SingTel's guidance for low double-digit pretax earnings contributions from associates may be "too bullish" if regional currencies continue to weaken against SGD, says DBS Vickers
14. DBS Target Cut To S$19.80 From S$21.00 By DMG; Keeps Neutral
15. Merrill Lynch cuts target price for STX Pan Ocean to S$4.20 from S$5.00
16. OCBC Cut To Outperform From Buy By CLSA; S$9.70 Target
17. Kim Eng Securities cuts target price for Orchard Parade Holdings to S$1.58 from S$2.58
18. CLSA downgrades OCBC to Outperform from Buy; cuts target price to S$9.70 from S$10.10
19. DMG cuts DBS target price to to S$19.80 from S$21.00; maintains Neutral rating
20. Golden Agri-Resources 2Q Net Pft US$582.2M Vs US$228M
21. AmFraser Securities starts Fibrechem Technologies at Buy with S$0.79 target, based on 8X FY08, 5.5X FY09 P/Es
22. Credit Suisse maintains Outperform rating on SingTel following fiscal 1Q09 results with unchanged S$4.15 target price
23. Singapore-listed China stocks, or S-chips heading lower for 7th straight session as fall for China stock market weighs on sentiment
24. Mirae cuts STX Pan Ocean target price to S$4.77 (KRW3,300 for Korean-listed shares) following 2Q08 earnings; maintains Buy rating
25. CIMB cuts Bukit Sembawang Estates target price to S$11.82 from S$13.04
26. CIMB keeps SingTel at Neutral following company's 1Q results; leaves SOTP-based target price unchanged at S$4.05
27. ST Engineering 2Q Net Profit S$119.9M Vs S$122.8M
28. Wilmar likely to post 2Q08 net profit of US$220.7 million on US$6.9 billion in revenue, according to a Dow Jones poll of four analysts, compared with US$39.6 million net profit in 2Q07 on US$2.4 billion revenue
