Tuesday, July 14, 2009

Market Daily -- 14th Jul 09

7. Cosco Corp Target Raised To S$0.50 From S$0.42 By HSBC

6. S'pore Press Hldgs Target Raised To S$3.90 From S$3.18 By UBS

5. Wilmar Target Raised To S$6.10 From S$5.15 By DBS Vickers

4. Wilmar Target Raised To S$6.00 Vs S$5.30 By BoA-Merrill Lynch

3. Singapore 2Q Advance GDP +20.4% On Quarter Adj, Annualized
Dow Jones Poll Saw 2Q GDP +14.1% On Quarter Adj, Annualized
Singapore Govt: Economy To Shrink Between 4% And 6% In 2009
Singapore Govt Previously Forecast '09 GDP To Contract 6%-9%
Singapore 2Q Advance GDP Down 3.7% On Yr Vs Dn 5.1% DJ Poll
Singapore 2Q Construction Output +18.3% On Year -Govt
Singapore 2Q Svcs Output Dn 5.1% On Year-Govt Estimate
Singapore 2Q Mfg Output Dn 1.5% On Year -Govt Estimate
Singapore Govt: 1Q GDP Down 12.7% On Qtr Adj, Annualized
Singapore Govt: 1Q GDP Down 9.6% On Year

2. Wilmar Restarted At Buy By CLSA; S$6.00 Target

1. WALL STREET: Stocks surged with Goldman Sachs joining broad rally in financial sector, General Electric rising ahead of earnings, Kraft Foods climbing on an analyst upgrade. Dow finished +2.3%, Nasdaq +2.1%