Friday, February 19, 2010

Market Daily -- 19th Feb 10

7. Oversea-Chinese Banking 4Q Net S$502M Vs S$301M; Poll S$453M
OCBC 4Q Net Interest Income S$687M Vs S$783M
OCBC 4Q Non-Interest Income S$497M Vs S$259M

6. ST Engineering Target Raised To S$3.02 From S$2.55 By OCBC

5. ST Engineering Target Cut To S$3.00 From S$3.24 By Daiwa

4. S'pore Airlines Target Raised To S$17.80 From S$14.40 By Macq

3. Singapore MTI: Non-Oil Exports To Grow 10%-12% This Year

2. Singapore 4Q GDP -2.8% Adj On Qtr Annualized Vs -5.2% Poll
Singapore 4Q GDP Advance Estimates -6.8% On Qtr Annualized
Singapore 4Q GDP +4.0% On Yr Vs +3.5% Govt Advance Estimate
Poll Forecast Singapore's 4Q GDP +4.0% On Year
Singapore Govt Expects Econ To Grow 4.5% To 6.5% In 2010
Singapore 2009 GDP -2.0% Vs -2.1% Govt Advance Estimate
Poll Forecast Singapore's 2009 GDP -2.0%
Singapore Expects Inflation To Be 2%-3% In 2010
Singapore's Earlier Forecast For Inflation In 2010 Was 2.5%-3.5%

1. WALL STREET: Stocks climbed as better-than-expected earnings from Hewlett-Packard boosted technology sector while industrial stocks were boosted by improving manufacturing data. Dow +0.8%, Nasdaq + 0.7%