Thursday, February 25, 2010

Market Daily -- 25th Feb 10

18. Sembcorp Industries 4Q Net Profit S$259M Vs S$100.8M; Poll S$121M

17. City Developments Target Raised To S$8.50 From S$7.67 By Citi

16. Hi-P International Target Cut To S$0.66 From S$0.725 By DMG

15. STX Pan Ocean Target Raised To S$18.40 From S$11.35 By Citi

14. Straits Asia Target Cut To S$2.37 From S$3.37 By CIMB

13. Armstrong Industrial Target Raised To S$0.48 Vs S$0.37 By CIMB

12. Cogent Holdings Opens At S$0.24 On SGX Debut Vs S$0.22 IPO

11. Hyflux Target Raised To S$4.51 From S$4.02 By CIMB

10. Straits Asia Target Cut To S$1.73 From S$2.49 By OCBC

9. Hyflux Target Raised To S$4.19 From S$3.61 By OCBC

8. Ying Li Intl Target Cut To S$0.655 From S$1.15 By Phillip Sec

7. Genting Singapore Target Cut To S$0.68 From S$0.77 By Nomura

6. StarHub Target Raised To S$2.64 From S$2.45 By Macquarie

5. SembMarine Target Raised To S$4.70 From S$4.10 By Nomura

4. Hi-P International Target Cut To S$0.55 From S$0.82 By CS

3. Ying Li International Target Cut To S$0.80 From S$1.09 By DMG

2. City Developments 4Q Net Profit S$177M Vs S$100M; Poll S$129M
CDL Exec Chairman: Expects Group To Remain Profitable Over Next 12 Months 

1. WALL STREET: Stocks rebounded as Congressional testimony from Fed Chairman Bernanke sent financial stocks soaring. Bernanke said the central bank intended to leave interest rates near zero for several months at least. Home builders down after January U.S. new-home sales unexpectedly skidded 11.2% from the previous month. Dow +0.9%, Nasdaq +1.0%