Wednesday, August 26, 2009

Market Daily -- 26th Aug 09

13. Singapore July Mfg Output +12.4% On Year Vs Down 9.0% June
Dow Jones Poll Forecast July Manufacturing Down 1.0% On Year
Singapore July Mfg Output Ex-Biomedical Down 7.4% On Year
Singapore July Adj Manufacturing +23.0% On Month Vs -9.0% Jun
Dow Jones Poll Forecast Adj July Manufacturing +8.0% On Month
Singapore July Adjusted Mfg Ex-Biomedical +7.7% On Month
Singapore July Adjusted Mfg Ex-Biomedical +7.7% On Month
Singapore July Pharmaceuticals Output +139.2% On Year
SIngapore July Electronics Output Down 5.6% On Year
Singapore July Transport Engineering Mfg Down 10.2% On Year

12. Singapore, Netherlands Amend Taxation Pact, To Renegotiate DTA

11. Swissco Target Raised To S$1.11 From S$0.84 By DBS Vickers

10. SingTel Target Raised To S$3.25 From S$2.60 By MS

9. Noble Group Target Raised To S$2.65 From S$2.00 By JPMorgan

8. DBS Target Raised To S$12.70 From S$10.80 By Nomura

7. Li Heng Chemical Target Raised To S$0.33 Vs S$0.26 By OCBC

6. Wing Tai Target Raised To S$1.58 Vs S$1.39 By Deutsche Bank

5. Wing Tai Target Raised To S$2.10 Vs S$0.70 By JPMorgan

4. Wing Tai Target Raised To S$1.69 From S$1.56 By Citigroup

3. Noble Group: Seek US$1.8 Billion In Loans

2. Wing Tai Target Raised To S$2.20 Vs S$1.51 By Credit Suisse

1. WALL STREET: Stocks lifted to new closing highs for 2009, spurred by strong data. Housing, consumer confidence reports sparked broad market rally that sent all 3 major indexes to new closing highs for 2009; Dow +0.3% at 9539.29, highest close since Nov. 4; Nasdaq +0.3%