Wednesday, May 6, 2009

Market Daily -- 6th Mar 09

18. Raffles Education Target Raised To S$0.60 Vs S$0.40 by Citi

17. Oversea-Chinese Banking 1Q Net S$545M Vs S$622M;Poll S$282M
OCBC 1Q Net Interest Income S$740M Vs S$638M
OCBC 1Q Non-Interest Income S$607M Vs S$377M
OCBC Nonperforming Loan Ratio 1.8% At Mar Vs 1.5% Dec
OCBC 1Q Allowances For Loans,Assets Impairment S$197M
OCBC 1Q Allowances For Loans,Assets Impairment S$197M
OCBC: Total CDO Exposure Of S$305M Fully Written Down

16. United Overseas Bank 1Q Net S$409M Vs S$529M; Expected S$376M
UOB 1Q Net Interest Income S$949M Vs S$852M
UOB 1Q Non-Interest Income S$434M Vs S$414M
UOB 1Q Amortization, Impairment Charges S$380M Vs S$92M
UOB Nonperforming Loan Ratio 2.1% At March Vs 2% At Dec

15. Noble Target Raised To S$1.95 From S$1.35 By Macquarie

14. Noble Target Raised To S$1.04 From S$0.70 By CLSA

13. Noble Group Target Raised To S$1.05 From S$0.95 By CS

12. SembMarine Target Raised To S$3.10 Vs S$2.06 By BNP Paribas

11. Keppel Corp Target Raised To S$7.51 Vs S$4.90 By BNP Paribas

10. Raffles Education Target Raised To S$0.44 Vs S$0.35 By CIMB

9. ST Engineering Fair Value Raised To S$2.46 From S$2.31 -OCBC

8. Noble Group Fair Value Raised To S$1.66 From S$1.33 By OCBC

7. Noble Group Target Raised To S$1.83 From S$1.50 By CIMB

6. Singapore MAS:Swine Flu To Weigh On GDP Prospects For Months

5. Noble Target Raised To S$1.74 From S$1.52 By RBS

4. Raffles Education Target Cut To S$0.75 From S$1.15 By CS

3. S'pore STI Target Raised To 2500 From 2100 By BNP Paribas

2. Creative Technology 3Q Net Loss $41.8M Vs Net $3M

1. WALL STREET: Stocks fell as banks such as JPMorgan Chase and sellers of consumer staples such as Wal-Mart Stores pared recent gains. Dow fell 0.2%, Nasdaq off 0.5%