Friday, May 7, 2010

Market Daily -- 7th May 10

16. Sembcorp Marine 1Q Net S$148.8M Vs S$120.2M

15. StarHub Wins Broadcast Rights For FIFA World Cup
SingTel Wins Broadcast Rights For FIFA World Cup 

14.  United Overseas Bank 1Q Net S$700M Vs S$409M; Expected S$551.2M
 UOB 1Q Non-Interest Income S$602M Vs S$434M
 UOB 1Q Net Interest Income S$900M Vs S$949M
UOB 1Q Amortization, Impairment Charges S$108M Vs S$380M
UOB CEO: Rebound In Global Economy Will Be Volatile

13.  Mermaid Maritime Target Cut To S$0.64 From S$1.03 By DBSV

12. Cosco Corp Target Raised To S$1.41 From S$0.87 By CIMB

11. Mermaid Maritime Started At Buy, S$1.30 Target By UOB KayHian

10.  Swiber Holdings Started At Buy, S$1.54 Target By UOB KayHian

9. Ezion Holdings Started At Buy, S$0.90 Target By UOB KayHian

8. ASL Marine Restarted At Hold, S$1.02 Target By UOB KayHian

7. Otto Marine Started At Hold, S$0.50 Target By UOB KayHian

6.  OCBC Target Raised To S$10.00 From S$9.20 By Daiwa

5.  Starhub Target Cut To S$1.92 From S$2.05 By Phillip Securities

4. Cosco Corp Target Raised To S$1.86 From S$1.45 By Phillip Sec

3. DBS Group 1Q Net S$532M Vs S$433M; Expected S$555.7M
DBS Group 1Q Net Interest Income S$1.07B Vs S$1.08B 
DBS Group 1Q Non-Interest Income S$647M Vs S$586M
DBS Nonperforming Loan Ratio 2.7% At March Vs 2.9% At Dec 
DBS Net Interest Margin 1.93% At March Vs 2.02% At Dec
DBS 1Q Allowances For Credit, Other Losses S$355M Vs S$414M 

2. Starhub Target Cut To S$2.05 From S$2.45 By Credit Suisse

1. WALL STREET: Stocks plunged Thursday, falling for third straight session, as jittery investors grew even more restless over southern Europe's festering sovereign-debt woes. Sell-off turned ugly quickly as possibly erroneous trades accelerated drop. Dow saw biggest point drop since February 2009, falling as much as 998.50 points, or 9.2%, during session, biggest intraday drop in history. Dow down 3.2%, Nasdaq declined 3.4%