Tuesday, January 26, 2010

Market Daily -- 26th Jan 10

9. Keppel Corp 4Q Net Profit S$343 Million; Poll S$773 Million
Keppel Corp 4Q Net Profit Excludes S$361M Exceptional Gains

8. Singapore December Manufacturing Output +14.4% On Year
Dow Jones Poll Forecast December Manufacturing +9% On Year
Singapore December Adjusted Manufacturing +18.1% On Month
Dow Jones Poll Forecast Adjusted Dec Manufacturing +4.6% On Month
Singapore 2009 Manufacturing Output Fell 4.1%
Singapore December Biomedical Output Down 13.3% On Year
Singapore December Pharmaceuticals Output Down 16.3% On Year
Singapore December Electronics Output +57.3% On Year
Singapore Dec Transport Engineering Manufacturing Down 14.8% On Year

7. Frasers Centerpoint Trust Looking To Raise S$180M - Source
Frasers Centrepoint Trust To Privately Place 137M Units
Frasers Centrepoint Placement Pricing S$1.29-S$1.33/Unit - Source
Frasers Centrepoint Raising To Part Fund Property Acquisition - Source

6. DBS Target Cut To S$17.75 Vs S$18.90 By UOB KayHian

5. Suntec REIT Target Raised To S$0.88 From S$0.80 by Macquarie

4. Ascendas India Target Raised To S$1.05 From S$0.95 By Citi

3. Keppel Land Target Raised To S$4.13 From S$3.42 By CS

2. Wilmar Target Raised To S$9.00 From S$6.80 By JPMorgan

1. WALL STREET: Stocks closed modestly higher after strong hopes for Apple's 4Q earnings report helped lift technology stocks, while consumer stocks such as Starbucks were laggards following bigger-than-expected drop in existing-home sales. Dow up 0.2%, Nasdaq up 0.3%