Thursday, May 7, 2009

Market Daily -- 7th May 09

19. StarHub 1Q Net Profit S$82.5M Vs S$80.1M
StarHub 1Q Operating Revenue S$530.6M Vs S$534.9M

18. Cosco Corp 1Q Net Profit S$33.2M Vs S$83.9M; Poll S$51M

17. OCBC Target Raised To S$8.00 From S$7.00 By RBS; Keeps Buy

16. UOB Fair Value Raised To S$11.78 From S$9.30 By OCBC

15. OCBC Fair Value Raised To S$7.00 From S$5.27 By UOB KayHian

14. Tiong Woon Target Raised To S$0.33 From S$0.185 By DMG

13. OCBC Target Raised To S$8.00 Vs S$6.20 By Goldman Sachs

12. UOB Target Raised To S$16.40 Vs S$13.00 By Goldman Sachs

11. UOB Target Raised To S$9.50 Vs S$8.50 By Morgan Stanley

10. OCBC Target Raised To S$4.10 Vs S$3.90 By Morgan Stanley

9. OCBC Target Raised To S$6.20 Vs S$5.00 By DMG; Kept Neutral

8. Fortune REIT Target Raised To HK$4.00 From HK$2.70 By JPM

7. UOB Cut To Neutral By DMG; Target Upped To S$14.20 Vs S$11.60

6. OCBC Cut To Underweight By HSBC; S$5.80 Target

5. UOB Cut To Underweight From Neutral By HSBC; S$12.80 Target

4. OCBC Target Raised To S$6.76 From S$5.66 By Macquarie

3. OCBC Target Raised To S$6.50 From S$5.00 By Credit Suisse

2. UOB Raised To Buy From Hold By RBS; S$17.00 Target

1. WALL STREET: Stocks rose as traders bet on some banks ahead of their grades on Thursday's stress test. Bank of America +17% on reports regulators told banking giant it has capital shortfall of about $35 billion, roughly half the amount some on Wall Street had feared. Dow +1.2% to 8512.28 - highest close since early January; Nasdaq +0.3%