Wednesday, April 14, 2010

Market Daily -- 14th Apr 10

9. Hong Leong Asia Target Raised To S$5.67 From S$4.36 By DBSV

8. Starhub Target Raised To S$2.65 From S$2.35 By Deutsche Bank

7. SembMarine Target Raised To S$5.05 From S$4.60 By JPMorgan

6. Keppel Corp Target Raised To S$11.00 From S$9.70 By JPMorgan

5. M1 Target Raised To S$2.40 From S$2.10 By Morgan Stanley

4. Singapore Govt Revises Expected 2010 GDP Growth To 7.0%-9.0%
Singapore 1Q Advance GDP +32.1% On Quarter Adj, Annualized
Dow Jones Poll: Singapore 1Q GDP +19.9% On Quarter Adj, Annualized
Singapore Advance 1Q GDP Growth +13.1% On Year; Poll +10.8%
Singapore 1Q Manufacturing Output Up 30.0% On Year
Singapore 1Q Services Output Up 8.4% On Year
Singapore 1Q Construction Output Up 11.3% On Year
Singapore Govt Revises 2010 Expected Inflation To 2.5%-3.5%

3. Singapore Airport Terminal Target Set At S$3.60 By UOB KH

2. CapitaMalls Asia: 1Q Net Profit S$96.8M Vs S$10.3M

1. WALL STREET: Stocks edged up for 4th straight session despite disappointing 1Q report from Alcoa, as crude-oil price drop helped boost consumer-discretionary companies such as Home Depot, while technology sector gained on hopes for strong earnings results from Intel. Dow +0.1%, Nasdaq +0.3%