Friday, February 26, 2010

Market Daily -- 26th Feb 10

24. Yanlord Land Target Cut To S$2.33 From S$2.85 By CLSA

23. Li Heng Chemical Target Raised To S$0.34 From S$0.30 By OCBC

22. Sembcorp Ind Target Raised To S$3.98 From S$3.57 By BNP

 21. United Overseas Bank 4Q Net S$522M Vs S$332M; Poll S$507M
 UOB 4Q Net Interest Income S$892M Vs S$957M
 UOB 4Q Non-Interest Income S$350M Vs S$391M
 UOB 4Q Impairments S$47M Vs S$383M
 UOB CEO: Confident Of Growth; Long-Term Strategy Intact

20.  Singapore January Manufacturing Output Up 39.4% On Year
Dow Jones Poll Forecast January Manufacturing +10.3% On Year 
Singapore January Adjusted Manufacturing Up 11.8% On Month
Dow Jones Poll Forecast Adjusted Jan Manufacturing Down 2% On Month 
Singapore January Biomedical Output Up 48.4% On Year
Singapore January Pharmaceuticals Output Up 51.1%
Singapore January Electronics Output Up 80.6%
Singapore January Transport Engineering Manufacturing Down 13.4%

19. Indofood Agri Target Raised To S$2.00 From S$1.80 By Nomura

18. City Developments Target Raised To S$12.65 Vs S$12.42 -Kim Eng

17. Sembcorp Indus Target Raised To S$4.91 From S$4.43 By DBSV

16. SC Global Target Raised To S$2.10 From S$1.92 By DBS Vickers

15.  Singapore January Bank Loans S$283.26 Bln Vs S$281.30 Bln December

14. Li Heng Chemical Raised To Buy From Hold By Kim Eng

13.  Sembcorp Indus Target Raised To S$4.14 From S$3.68 By Kim Eng

12.  Rotary Engineering Target Cut To S$1.66 From S$1.92 By CIMB

11. City Developments Target Cut To S$13.10 From S$14.15 By UOB KH

10. Elec & Eltek Target Raised To US$2.85 From US$1.99 By CIMB

9. Yanlord Land Target Cut To S$1.97 From S$2.19 By CIMB

8. Armstrong Industrial Target Raised To S$0.37 Vs S$0.325 By DMG

7. Sembcorp Indus Target Raised To S$4.25 From S$3.85 By Nomura

6. Sembcorp Indus Target Raised To S$5.30 From S$4.70 By Deutsche

5. Sembcorp Industries Target Raised To S$4.81 From S$4.43 By UBS

4. Hyflux Target Raised To S$3.65 From S$3.20 By UBS

3. Golden-Agri Target Raised To S$0.50 From S$0.43 By Daiwa

2. Tiger Airways Holdings 3Q Net Profit S$14.1M Vs S$7.7M Loss

1. WALL STREET: Stocks closed down modestly, rebounding from earlier drop after unexpected jump in weekly jobless claims. Data weighed on financials. Dow fell 0.5%, Nasdaq down 0.1%