Our analyst upgrades Super Group to BUY from Hold, target price raised to S$ 2.56 (Prev S$ 2.18) on weaker raw material price outlook. Sugar and palm oil prices have recently corrected as a result of higher stockpiles, inventory and supplies. As a result, margins are expected to improve. Earnings for FY13F/FY14F were raised by 11%/7%.

Ezra has secured a contract from Petroleum Technical Services Corp Mechanical and Construction worth US$47m. This project is for the Dua subsea field, off Vietnam, and is expected to contribute to earnings meaningfully in FY13. This contract adds on to Ezra's >US$1bn subsea orderbook and is expected to underpin utilization of its subsea fleet.

Perennial China Retail Trust has entered into a joint venture with a consortium of investors to develop an iconic landmark integrated development in Beijing's Tongzhou District. As the new CBD of Beijing, the Tongzhou District has been officially termed the 'Tongzhou modern international new city' or 'secondary centre of Beijing'. Over time, it is expected to achieve a similar standing as Pudong in Shanghai, to become a major financial and commercial hub of Beijing.

LionGold is placing up to 42m new shares at S$1.057 per share with the right to subscribe for up to 42m new warrants at S$0.065 per warrant. The placement share price represents a discount of approximately 9.94% to the last volume weighted average price. Net proceeds of about S$44.1m will be used to enhance its working capital.

Separately, LionGoldhas entered into an agreement with Annica Holdings to dispose of 60% of Industrial Power Technology including 100% of The Think Environmental. The agreement would also include the sale of a single storey terrace factory located at Kallang Place in Singapore. The proposed disposals would raise S$12.5m by March 2013.

KTL Global is proposing a renounceable non-underwritten rights issue of up to 64.1m new shares at an issue price of S$0.082 for each Rights Share, on the basis of two (2) Rights Share for every five (5) existing shares held. The Issue Price of S$0.082 for each Rights Share represents a discount of approximately 45.3% to the last transacted price of S$0.150. Net proceeds of up to about S$5.1m will be used to set up a new facility overseas and for working capital purposes.

Cougar Logistics Corpis acquiring a 20% stake in property investment company Grace Shine for $24m. Cougar will issue 80m shares to the vendors at 30 cents per share. The issue price represents a premium of two cents above the last closing price. Grace Shine's portfolio comprises a commercial building - ABI Plaza at Keppel Road - and three condominium units; two of these are at Sky@Eleven and the other at Regis Residences.

Bank lending growth quickened in August after two months of slowdown, driven by a sharp rise in business loans to the manufacturing sector. Loans rose 2.3% over the month to $468.8 bn at the end of August, accelerating from July's growth of 1.3%. But loan growth from a year ago slowed for a ninth consecutive month. Lending expanded 19.2% from last August, less than the 20% y-o-y growth recorded in July. Loan growth has decelerated as the global economic outlook dims, weighing on business sentiment and companies' plans to borrow and invest. Lending to the building and construction sector - the largest business loan category - grew 0.4% m-o-m to $73.1 bn, while lending to firms in the general commerce, transport, storage and communication, business services and financial institutions sectors also grew m-o-m, contributing to stronger business loans growth in August. Consumer loans reached $195.1 bn, up 1.3% from July and a 15.1% increase from last August. This was similar to the 1.3% m-o-m and 15.4% y-o-y growth in July. Housing and bridging loans - the largest consumer loan category -rose 1.4% to $143.3 bn in August from July. Car loans ' the second largest segment of consumer loans - held steady last month, while credit card loans grew 1.1%.

The SGX has released a consultation paper aimed at making initial public offerings (IPOs) on the mainboard more accessible to retail investors. Two key proposals are being made - raising the minimum allotment of public subscription to 5% of IPO invitation shares, and the introduction of a claw-back mechanism that acts to increase the public subscription proportion to between 10 and 20% if demand for the stock is red-hot. In turn, if demand is low for a particular listing, a "reverse claw-back mechanism" is activated so that shares meant for public subscription can be transferred back to the placement tranche.

Far East Organization, United Industrial Corporation and Sim Lian are among the over 10 parties vying for the freehold NOL Building at Alexandra Road, according to Business Times. Negotiations are said to be underway to up the price to as close as possible to the $400m level, the indicative pricing reported when the building was put up for sale in early July by its owner, NOL Group.