Monday, February 22, 2010

Market Daily -- 22nd Feb 10

17. Singapore Fin Min: FY 2009 Budget Deficit S$8.5 Billion Or 3.3% Of GDP
Singapore Fin Min:FY 2009 Overall Budget Deficit S$2.9 Billion or 1.1% Of GDP
Singapore Fin Min: Prospects Of 2010 Are Good
Singapore Fin Min: Should Be Vigiliant Against Property Bubble Forming
Singapore Fin Min: Greece Sovereign Debt Problems Could Be Contagious
Singapore Fin Min: Govt To Commit S$5.5B Over Next 5 Yrs To Boost Productivity
Singapore Min:To Give Significant Tax Breaks For Cos Investing In Skills,Innovation
Singapore Fin Min: Need To Manage Dependancy On Foreign Workers
Singapore Fin Min: To Raise Foreign Workers Levy
Singapore Fin Min: Levy Increase To Be Phased In Over Next 3 Years
Singapore Fin Min: To Invest S$2.5B Over Next 5 Yrs Toward Education,Training
Singapore Fin Min: To Start National Productivity Fund
Singapore Fin Min: Govt Aims To Put S$2 Billion In New Productivity Fund
Singapore Min:Construction Sector To See Larger Increase In Foreign Workers Levy
Singapore Min:Will Waive Stamp Duty On Transfer Of Unlisted Shares For M&A Deals
Singapore Fin Min:To Give Tax Breaks For Small,Medium Sized Cos In M&A Deals
Singapore Fin Min: Will Put S$1.5B Into National Research Fund In FY2010
Singapore Fin Min:To Introduce 3-Tier Property Tax For Owner-Occupied Homes
Singapore Min: To Spend S$1.8B In Transfer To Households In FY2010
Singapore Fin Min: Expects FY2010 Basic Deficit At S$7.2B
Singapore Fin Min: Underlying Revenue Position Remains Sound
Singapore Fin Min: FY2010 Overall Budget Deficit Seen At S$3 Billion
Singapore Fin Min: FY2010 Overall Budget Deficit Manageable
Singapore Min:Have Sufficient Current Reserves To Fund FY2010 Budget Deficit
Singapore Fin Min: FY2010 Revenue Estimated At S$40.7 Billion
Singapore Fin Min: FY2009 Actual Operating Revenue S$38.6B Vs S$33.4B Forecast
Singapore Fin Min: FY2009 Total Expenditure S$42.9 Billion
Singapore Min: FY2010 Total Expenditure Estimated At S$46.4 Billion

16. SembCorp Marine 4Q Net Profit S$297.2M Vs S$69.4M

15. Cosco Corp 2009 Net Profit S$110.1M
Cosco Corp 4Q Net Profit S$17.6M; Poll S$33M

14. Otto Marine Started At Outperform, S$0.60 Target By StanChart

13. Genting Singapore Target Cut To S$1.07 From S$1.20 By DBSV

12. ST Engineering: Aerospace Arm Awarded 2 Contracts Worth S$363M
ST Engineering: Maintenance Contracts Signed With Singapore Air Force

11. Genting Singapore Fair Price Cut To S$0.90 From S$1.00 By UOB

10. Thakral Corp Raised To Buy By CIMB; S$0.09 Target

9. YHI International Started At Buy, S$0.37 Target By CIMB

8. Genting Singapore Target Cut To S$1.23 From S$1.50 By CIMB

7. STX Pan Ocean Target Cut To S$17.30 From S$19.15 By CIMB

6. Yanlord Target Cut To S$2.28 From S$2.56 By Goldman Sachs

5. OCBC Target Cut To S$8.63 From S$9.02 By Phillip Securities

4. Genting Singapore Target Cut To S$0.90 From S$1.17 By DB

3. City Developments Target Cut To S$12.30 From S$13.70 By UBS

2. Hi-P International Target Cut To S$0.725 From $0.835 By DMG

1. Singapore Press Holdings Establishes S$1B Medium Term Note Program
Singapore Press Holdings To Issue S$300M 2015 Bonds Under Program