Thursday, November 12, 2009

Market Daily -- 12th Nov 09

21. Olam International 1Q Net Profit S$19M Vs S$14.9M

20. ComfortDelGro 3Q Net Profit S$55.6M Vs S$48.3M

19. City Developments 3Q Net Profit S$193.6M Vs S$150.8M

18. Tiong Woon Target Cut To S$0.89 From S$1.02 By DMG

17. STX Pan Ocean 3Q Net Profit $11M Vs $132M
STX Pan Ocean: To Invest US$880M In 8 Very Large Ore Carriers
STX Pan Ocean: To Issue US$200 Million In Convertible Bonds

16. Biosensors Target Raised To S$0.90 From S$0.72 By UBS

15. Noble Group Target Raised To S$3.25 Vs S$2.80 By DBS Vickers

14. China Zaino Target Cut To S$0.34 Vs S$0.38 By CIMB

13. Venture Corp Target Cut To S$9.58 Vs S$10.44 By CIMB

12. Noble Group Target Raised To S$3.70 Vs S$3.30 By CIMB

11. Hour Glass Ltd Target Raised To S$1.00 From S$0.70 By UOB-KH

10. Oceanus Started At Buy, S$0.48 Target By Phillip Securities

9. CapitaLand Target Raised To S$3.21 Vs S$2.72 By Nomura

8. City Developments Target Raised To S$7.48 Vs S$7.06 By Nomura

7. SingTel Target Cut To S$3.42 From S$3.66 By UBS

6. Yanlord Target Cut To S$3.00 From S$3.30 By Macquarie

5. SingTel Target Cut To S$3.19 From S$3.42 By BNP Paribas

4. Noble Target Raised To S$3.50 From S$2.65 By JPMorgan

3. Venture Corp Target Raised To S$8.92 From S$8.51 By DMG

2. Wilmar International 3Q Net Pft US$652.9M Vs US$482.6M
Wilmar International 3Q Rev US$6.3B Vs US$8.35B

1. WALL STREET: Comments from Fed officials about maintaining low interest rates, some reassuring earnings news out of housing sector gave lift to Bank of America, Home Depot and broader stocks market though pullback for Macy's weighed on some consumer stocks. Dow +0.4%, Nasdaq +0.7%