Monday, September 15, 2008

Market Daily -- 15th Sep 08

35. Neptune Orient Lines:July 26-Aug 22 Avg Freight Revenue +7%

34. HEARD ON THE STREET: Temasek Still Sitting Pretty With Merrill Stake

33. SPH Likely To Consolidate In S$4.0-S$4.2 Band-DMG

32. S'pore Palm Stocks Tumble On CPO Price Concerns

31. Tat Hong and Tiong Woon should benefit from strong civil construction works pipeline says UBS

30. Citigroup keeps Ascendas REIT at Buy, reiterates S$2.52 target price

29. Singapore Exchange Ltd. said Monday that Lehman Brothers Holdings Inc. continues to meet its obligations as a clearing member in the city-state's securities and derivatives markets

28. Singapore-based Asia Pulp & Paper Co. Ltd, or APP, one of the world's largest paper companies, said Monday that it has reached settlement with one of its creditors Oaktree Capital Management

27. Olam International To Invest US$128.4M In Sugar Refinery, Wheat Milling Facility

26. CapitaLand Gives S$633M Contract To Hexacon Construction

25. Credit Suisse Overweight On Asian Palm Sector

24. CLSA trims ComfortDelGro target to S$1.26 from S$1.27 after factoring in fare adjustments; reiterates Sell rating

23. JMH, SingTel, GAR Are STI Review Winners; JMH is largest winner with index weighting increase of 5.2 percentage points; SingTel is next with rise of 2 percentage points; Golden Agri with rise of 1.5 percentage points; biggest loser is Wilmar with a weighting decrease of 2.4 percentage points- CS

22. S'pore Ship Trusts To Gain From Firm USD - DBSV

21. FTSE ST China Index Off 6.0% At New Record Low

20. UOB KayHian lifts target price for SMRT to S$2.25 from S$1.98

19. Singapore 2Q Unemployment Seasonally Adj 2.3% Vs 2.0% In 1Q

18. Singapore Added 71,400 New Jobs In 2Q - Ministry

17. SIA Cargo Gives S$500M Service Contract To Pratt & Whitney

16. ComfortDelgro, SMRT Down As Fare Hike Discounted

15. CIMB Ups Dry Bulk Shipping Sector To Trading Buy

14. Jardine C&C Expensive Given Astra Selloff - GS

13. Consortium Of Global Banks Pledge $70B To Ease Credit Crunch. Bank of America (BAC), Barclays (BARC.LN), Citibank (C), Credit Suisse (CS), Deutsche Bank (DBK.XE), Goldman Sachs (GS), JPMorgan Chase (JPM), Merrill Lynch (MER), Morgan Stanley (MS), and UBS (UBS), said in a joint statement.

12. Keppel Corp Outperforms Mkt; To Buy Senoko Plant

11. CIMB upgrades STX Pan Ocean (V33.SG) to Trading Buy from Underperform. Ups target price to S$2.60 from S$2.06

10. SIA, SembMarine Are Good High Yield Plays - CLSA

9. Temasek To Make About $5 Per Shr In Merrill Sale; Temasek To Make About $1 Billion In Merrill Share Sale - Sources

8. Bank of America is discussing a possible purchase of Merrill Lynch for between $25 and $30 a share, or $37.7 billion to $45 billion, people inside Merrill said.

7. Singapore state investment company Temasek Holdings is not in talks with Deutsche Boerse AG for a possible investment

6. SingTel Faces High Risks In Broadband Race. Keeps Neutral call, S$4.00 target on SingTel -JPM

5. Singapore Exchange Target Cut To S$4.70 From S$6.45 By Citi

4. S'pore Transport Op Cost Not Covered By Fare Hike

3. Singapore state investment company Temasek Holdings Pte. Ltd. will examine all options regarding any sale of Merrill Lynch & Co. (MER) to Bank of America (BAC)

2. Keppel Corp Units To Buy Senoko Incineration Plant - Report

1. Keppel Unit Plans To List New Infrastructure Trust