Monday, August 3, 2009

Market Daily -- 3rd Aug 09

20. Cosco Corp 2Q Net Profit S$37.0M Vs S$129M; Poll S$40M

19. Suntec REIT Target Raised To S$1.13 From S$0.97 By Citigroup

18. Oversea-Chinese Banking 2Q Net S$466M Vs S$425M;Poll S$387M
OCBC 2Q Net Interest Income S$710M Vs S$678M
OCBC 2Q Non-Interest Income S$494M Vs S$360M
OCBC Tier 1 Cap Ratio 15.4% At June Vs 15.1% At March
OCBC: 2.1% Nonperforming Loan Ratio At June Vs 1.8% At March

17. SPH Target Raised To S$4.40 From S$3.90 By UOB KayHian

16. Venture Corp Target Raised To S$9.58 From S$7.50 By CIMB

15. Genting S'pore Target Raised To S$1.05 From S$0.51 By CIMB

14. SMRT Fair Value Raised To S$1.92 From S$1.81 By OCBC

13. OCBC Target Raised To S$8.10 From S$5.80 By Deutsche Bank

12. UOB Target Raised To S$20.30 From S$14.50 By Deutsche Bank

11. DBS Target Raised To S$16.50 From S$14.00 By Deutsche Bank

10. CapitaLand Target Raised To S$4.50 From S$4.00 By CLSA

9. Suntec REIT Target Raised To S$0.94 From S$0.87 By UBS

8. CDL Hosp Trusts Target Raised To S$1.41 From S$0.99 By CIMB

7. CDL Hosp Trusts Target Raised To S$0.80 From S$0.48 By Citi

6. CDL Hosp Trusts Target Raised To S$1.05 From S$0.62 By Daiwa

5. UOB Target Raised To S$17.60 From S$14.45 By Macquarie

4. DBS Target Cut To S$13.64 From S$14.09 By Macquarie

3. CDL Hosp Trusts Target Raised To S$1.80 From S$0.55 By JPM

2. SMRT Target Raised To S$2.00 From S$1.65 By DMG

1. WALL STREET: A blistering July ended on slightly positive note Friday as a report of slowing contraction for economy fueled gains for materials, industrial companies, including General Electric, while banks continued week-long climb. Dow +0.2%, +8.6% for month, Nasdaq down 0.3%, +7.82%, in July