Thursday, August 26, 2010

Market Daily -- 26th Aug 10

10.  Singapore July Manufacturing Output +9.9% Vs 6.3% Expected
 Singapore July Adj Manufacturing Output +1.4% On Month Vs +1.5% Expected
 Singapore July Electronics Output Grew 24.5% On Year
 Singapore July Pharmaceuticals Output Fell 10.8% On Year
 Singapore July Transport Engineering Output Grew 0.8% On Year

9. Fraser & Neave Official: May Consider Increasing Stake In Cocoaland
F&N Official: Plan Further M&As In Food Business
F&N Wants To Up Food & Beverage Division Profit Contribution To 50% From 33%-Official 

8. Tiong Seng Started At Buy, S$0.36 Target By DBS Vickers

7. Genting Singapore Target Raised To S$1.85 From S$1.66 By OCBC

6. China Minzhong Food Target Raised To S$1.68 From S$1.50 By BNP

5. China Minzhong Food Target Raised To S$1.60 From S$1.45 By JPM

4. UOB Target Cut To S$22 From S$26, Kept Overweight By JPMorgan

3. Tiong Woon Target Cut To S$0.45 From S$0.80 By Credit Suisse

2. Noble Group Started At Equalweight, S$1.89 Target By MS

1. WALL STREET: U.S. stocks break recent losing streak in light trade, DJIA ends +0.2%, Nasdaq +0.8%, S&P 500 +0.3%, Philly semicons +1.0%; DJIA weakened earlier in session on news new-home buying in July dropped to lowest on record, vs forecasts for slight gain, but builders rose later on hopes real estate market's finally bottomed.