Tuesday, November 10, 2009

Market Daily -- 10th Nov 09

14. StarHub 3Q Net Profit S$85.2 Million Vs S$79.5 Million

13. Singapore Air 2Q Net Loss S$158.8M Vs S$323.8M Net Profit

12. Daiwa Raises ST Engineering Target To S$3.24 From S$3.04

11. APEC Ministers To Reject Hasty Moves On Fiscal Tightening - Draft
APEC Fin Min Draft:Econ Recovery Tentative, To Be Slow Ahead
APEC Fin Min Draft: Agree Not To Rush To Fiscal Tightening
APEC Fin Min Draft:Careful Stimulus Withdrawal To Help Avoid Double Dip

10. SingTel:273.5 Million Regional Mobile Subscribers At End-Sep

9. Rickmers Maritime Target Cut To S$0.30 Vs S$0.40 By DBSV

8. Wilmar Target Raised To S$8.30 Vs S$5.80 By CIMB

7. Parkway Holdings Target Raised To S$3.16 Vs S$2.91 By CIMB

6. Straits Asia Resources Target Set At S$2.51 By CIMB

5. Longcheer Hldgs Target Target Cut To S$0.75 Vs S$0.865 By DMG

4. DBS Target Raised To S$14.55 Vs S$10.80 By Phillip Securities

3. UOB Target Raised To S$19.60 From S$17.60 By DMG

2. Noble Target Raised To S$3.16 From S$2.64 By RBS

1. WALL STREET: Robust buying in International Business Machines, American Express, Caterpillar paced Dow to new closing high for year. While little economic or earnings news to drive rally, improved investor sentiment cited by several on Wall Street as catalyst. Dow +2.0% to new closing high for 2009 at 10226.94, Nadaq +2.0%