singapore stock market ,singapore stock market news,singapore shares

ARMSTRONG, kim eng maintain HOLD

CSC HOLDINGS, cimb maintain NEUTRAL $0.22($0.17)

HI-P, csfb assuming coverage OUTPERFORM with target price $0.9($0.59)EPS
for FY09/10 raised by 5% and 3%
HI-P, dbs maintain BUY with target price $0.76($0.79) EPS for FY09/10
lowered by 6.7% and raised by18.2%

HONG KONG LAND, jpm maintain NEUTRAL with target price $3.20

LIPPO-MAPLETREE INDONESIA TRUST, ocbc upgrade to BUY from HOLD with target
price $0.5($0.24)

ROTARY, ocbc maintain BUY with target price $1.26($0.81)

SEMBMARINE, cimb maintain OUTPERFORM with target price $3.48($3.38) EPS for
FY09-11 raised by 1-8%

SEMBCORP MARINE, cl maintain OUTPERFORM with target price $3.25
SEMBMARINE, csfb maintain UNDERPERFORM with target price $2.50($0.95)
SEMBMARINE, daiwa maintain UNDERPERFORM with target price $2.06 ($1.59)
SEMBMARINE, db maintain BUY with target price $3.80
SEMBMARINE, dbs maintain BUY with target price $3.70($3.25) EPS for FY09/10
raised by 4.7% and 5.3%
SEMBCORP MARINE, gs maintain SELL with target price $1.15($1)
SEMBMARINE, jpm maintain OVERWEIGHT with target price $3.75($3.15) EPS for
FY 09/10 raised by 4.7% and 7.9%
SEMBMARINE, kim eng maintain HOLD with target price $2.91
SEMBMARINE, ms maintain UNDERWEIGHT with target price $2.40
SEMBMARINE, ocbc upgrade to BUY from HOLD with target price $3.67($2.65)
SEMBMARINE, ssb upgrade to BUY from HOLD with target price $3.85($3)
SEMBMARINE, ubs maintain BUY with target price $3.15
SEMBMARINE, uob maintain HOLD with target price $2.60

SIA, mac downgrade to UNDERPERFORM from OUTPERFORM with target price $11.20

SMRT, nom maintain BUY with target price $1.96

ST ENGINEERING, cl maintain BUY with target price $3.07
ST ENGINEERING, csfb maintain UNDERPERFORM with target price $2.37
ST ENGINEERING, db maintain BUY with target price $3
ST ENGINEERING, dmg maintain BUY with target price $2.83
ST ENGINEERING, jpm maintain UNDERWEIGHT with target price $2.05($1.80)
ST ENGINEERING, kim eng maintain HOLD with target price $2.70
ST ENGINEERING, nom maintain NEUTRAL with target price $2.72
ST ENGINEERING, ocbc maintain HOLD with target price $2.46
ST ENGINEERING, ssb maintain BUY with target price $3($2.55)
ST ENGINEERING, ubs maintain BUY with target price $2.72
ST ENGINEERING, uob upgrade to HOLD from SELL with target price $2.40
($2.04)

STRAITS ASIA, csfb maintain UNDERPERFORM with target price $1.05
STRAITS ASIA, dbs maintain BUY with target price $2.41($2.26) EPS for
FY09/10 lowered by 30.3% and raised by 6%
STRAITS ASIA, ubs maintain BUY with target price $2.50
STRAITS ASIA, ocbc maintain BUY with target price $2.38

YANLORD, uob maintain BUY with target price $2.99

BREAD TALK, kim eng maintain BUY with target price $0.6

CHINA HONGXING, kim eng maintain SELL with target price $0.16
CHINA HONGXING, uob maintain SELL with target price $0.1($0.11) EPS for FY
09-11 cut by 26-28%

EPURE, cimb maintain OUTPERFORM with target price $0.52($0.37)

EU YAN SANG, ocbc maintain HOLD with target price $0.37($0.3)

GENTING SP, cimb maintain UNDERPERFORM with target price $0.51(from $0.36)
GENTING SP by cl
GENTING SP, ocbc maintain SELL with target price $0.45($0.33)

HONG LEONG ASIA, csfb maintain NEUTRAL with target price $1.20($0.7) EPS
for FY 09/10 raised by 11% and 7%

LI HENG, uob maintain BUY with target price $0.29($0.23)

MIDAS, cimb downgrade to NEUTRAL with target price $0.7
MIDAS, csfb maintain OUTPERFORM with target price $0.8($0.75) EPS for FY
09/10 raised by 2% and unchanged
MIDAS, dbs maintain BUY with target price $0.82($0.6)
MIDAS, ocbc downgrade to HOLD from BUY with target price $0.64($0.63)

MIIF, mac maintain OUTPERFORM with target price $0.59

PAN UNITED, ocbc downgrade to HOLD from BUY with target price $0.52($0.47)

PETRAFOOD, cimb downgrade to UNDERPERFORM from NEUTRAL with target price
$0.58($0.4)

SIA, ubs maintain BUY with target price $14

SINGTEL, cimb maintain OUTPERFORM with target price $3.05
SINGTEL, dbs upgrade to BUY from HOLD with target price $3.05($2.75) EPS
for FY 09/10 revised by unchange and 6%
SINGTEL, ocbc maintain BUY with target price $3.18($3.09)

SSH CORP, ocbc maintain HOLD with target price $0.16($0.11)

STARHUB, mac maintain OUTPERFORM with target price $2.45

STRAITS ASIA, dbs maintain BUY with target price $1.55($1)

WILMAR, am fraser maintain BUY with target price $5.05
WILMAR, cimb maintain OUTPERFORM with target price $5.30
WILMAR by cl
WILMAR, csfb maintain NEUTRAL with target price $4.54($3.84) EPS for FY
09/10 raised by 18% and 18%
WILMAR, db maintain HOLD with target price $3.30
WILMAR, dbs maintain BUY with target price $5.15($4.55) EPS for FY 09/10
raised by 26% and 22.3%
WILMAR, mac upgrade to OUTPERFORM from NEUTRAL with target price $5 EPS for
FY 09 raised by 31%
WILMAR, ssb maintain BUY with target price $5.30($4.33)
WILMAR, uob maintain BUY with target price $4.80(3.50)

STRAITS ASIA, gs maintain BUY with target price $3.95

STRAITS ASIA, gs maintain BUY with target price $3.95
-What’s changed. Straits Asia Resources (STRL) held its 1HFY08 results
briefing on 7 August. The briefing affirmed that 1HFY08 operating
results
were largely in line (as we expect 2H to catch up) although
non-operating
costs such as interest and tax expenses overshot. However, our overall
impression on the company’s operating outlook remained positive as we
continue to see strong earnings security as volumes are progressively
priced at higher contract prices. STRL provided guidance that 2.6mt of
volume has been priced at US$82/t vs. 1.9mt at US$66/t announced in Jun
08.
On the demerger from Straits Resources, dual listing of STRL through a
secondary listing on ASX, and acquisition of Madagascar and Brunei coal
assets are expected by the company to be completed in October 2008.
-Implications. We have made small changes to our forecasts following
the
analyst briefing. Although management remains upbeat that the approvals
at
Sebuku (Cagar Alam boundary) will be concluded before end 2008, we are
concerned over production shortfalls starting from 2009 arising from
potential delay and have accounted for related earnings risks by using
a
weighted probability approach. However we believe current levels have
already fully priced in production concerns and much of the earnings
risks,
thus we maintain our Buy rating on STRL as we like its strong earnings
growth of 278% 2yr CAGR over 07-09E, highest among its peers.
-Valuation. On the back of our revised estimates, we have adjusted our
12m
TP modestly to S$3.95 from S$4, (implying 67% potential upside) based
on
8XFY09 PE. Stock is trading below historical trading range of 8-19X,
and at
discount to sector and market.
-Key risks. (1) Decline in thermal coal price, (2) failure to secure
approval of the Cagar Alam boundary, (3) weak earnings on cost
inflation,
(4) policy risks.

singapore stock market news,singapore stock market

SYNEAR, uob maintain BUY with target price $0.72

CHINA SKY, citi maintain BUY with target price $1.03($1.16)
CHINA SKY, csfb maintain OUTPERFORM with target price $1.17($1.22)
CHINA SKY, cimb maintain OUTPERFORM with target price $2.25($2.62)
CHINA SKY, dbs downgrade to HOLD with target price $0.96($1.70)
CHINA SKY, uob maintain BUY with target price $1.74($2.16)

CHINA SUN BIO-CHEM, wc maintain HOLD with target price $0.23

CHINA ZAINO, cimb maintain OUTPERFORM with target price $0.95
CHINA ZAINO, uob maintain BUY with target price $0.725

CREATIVE, csfb maintain UNDERPERFORM with target price $5.50

FIBRECHEM, cimb maintain OUTPERFORM with target price $1.46

HK LAND, mac downgrade to UNDERPERFORM with target price $3.50($4.70)

HYFLUX, csfb maintain OUTPERFORM with target price $3.60
HYFLUX, dbs maintain BUY with target price $3.34($3.53)

KEPPEL CORP, mac maintain OUTPERFORM with target price $13($13.90)

LI HENG, dmg maintain BUY with target price $1.35
LI HENG, ocbc maintain BUY with target price $1.16

NOL by ubs

OCBC, csfb maintain NEUTRAL with target price $9

SEMBCORP INDUSTRIES, cimb maintain OUTPERFORM with target price $5.82
SEMBCORP INDUSTRIES, cl maintain OUTPERFORM with target price $4.90
SEMBCORP INDUSTRIES, csfb maintain OUTPERFORM with target price $5.20
($6.10)
SEMBCORP INDUSTRIES, dbs maintain HOLD with target price $4.76($4.59)
SEMBCORP INDUSTRIES, gs maintain NEUTRAL with target price $4.90
SEMBCORP INDUSTRIES, mac maintain OUTPERFORM with target price
$5.10($5.25)

SEMBCORP INDUSTRIES, ubs maintain BUY with target price $5.28
SEMBCORP INDUSTRIES, uob maintain HOLD with target price $4.70

STARHUB, cimb remains NEUTRAL with target price $3(from $3.20) EPS for
FY08
and 09 lowered by 9.7% and 7.1%
STARHUB, cl maintain OUTPERFORM with target price $3.25
STARHUB, csfb maintain UNDERPERFORM with target price $2.70
STARHUB, dbs downgrade to FULLY VALUED with target price $2.60($3.10)
STARHUB, ocbc maintain BUY with target price $3.19($3.51)

STRAITS ASIA, dbs maintain BUY with target price $4.77
STRAITS ASIA by gs

SYNEAR, uob maintain BUY with target price $0.72

TSIT WING, ocbc downgrade to SELL with target price $0.24($0.285)

VENTURE, cimb maintain OUTPERFORM with target price $13.42($16.35)
VENTURE, csfb maintain OUTPERFORM with target price $12.70($13.70)
VENTURE, dbs maintain HOLD with target price $11.86($12.81)
VENTURE, kim eng maintain HOLD with target price $11.10
VENTURE, ocbc downgrade to HOLD with target price $11.21($12.84)
VENTURE, ubs downgrade to NEUTRAL with target price $11($14)
VENTURE, uob maintain BUY with target price $13.50