Morning Highlights
The market is coming down gradually. The STI fall close to 27.33 points in the first 2 hours of trading.
For those who missed the entry for COSCO which was given on 7th July for mid-term holding, refer to the today’s Quick Pick for another setup to get ready!
Our Focus for Today is on Shipping Sector; follow by Commodity, then Property.
Shipping Refer to Quick Picks 1 – 7
Commodity Refer to Quick Picks 8 – 9
Property Refer to Quick Picks 10 – 14
Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured with emphasis on larger changes in price and volume.
Bearish Stocks (Singapore):
|
|
Name |
Entry |
SL |
TSL |
TP |
Remarks |
|
|
1 |
SCMN |
Sembcorp Marine Ltd |
2.49 |
2.61 |
|
2.37 |
Triggered – current price at 2.50 |
|
2 |
COSCO |
COSCO Corp Singapore Ltd |
1.12 |
1.20 |
|
1.04 |
Look out for support at 1.06 Triggered – current price at 1.10 |
|
3 |
NEPS |
Neptune Orient Lines Ltd |
1.39 |
1.48 |
|
1.30 |
Triggered – current price at 1.38 |
|
4 |
YAZG |
Yangzijiang Shipbuilding Holdings Ltd |
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5 |
SWBR |
Swiber Holdings Ltd |
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6 |
MERMAID |
Mermaid Maritime Public Co Ltd |
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7 |
KPLM |
Keppel Corp Ltd |
6.53 |
6.58 |
|
6.48 |
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8 |
IFAR |
Indofood Agri Resources Ltd |
1.00 |
1.14 |
|
0.86 |
Take half profit at 0.96 for conservation traders |
|
9 |
STRL |
Straits Asia Resources Ltd |
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10 |
CTDM |
City Development Ltd |
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11 |
CATL |
Capitaland Ltd |
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12 |
UTOS |
United Overseas Land Ltd |
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13 |
AGRN |
Allgreen Properties Ltd |
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14 |
HBEE |
HO Bee Investments Ltd |
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Side Notes: Here the updates on Mid-Term Short Trading given on 7th July 2009.
<Holding Period should not go beyond 1-2 months>
Bearish Stocks (Singapore):
|
|
Symbol |
Name |
Entry |
SL |
TSL |
TP |
Remarks |
|
1 |
HIPI |
Hi-P International Ltd |
0.56 |
0.63 |
|
0.49 |
Loss – current price at 0.565 |
|
2 |
BIOS |
Biosensors International Group Ltd |
0.455 |
0.51 |
|
0.49 |
Loss – current price at 0.460 |
|
3 |
EZRA |
Ezra Holdings Ltd |
1.13 |
1.23 |
1.19 |
1.03 |
Loss – current price at 1.18 |
|
4 |
IFAR |
Indofood Agri Resources Ltd |
1.14 |
1.32 |
|
0.96 |
Profit – current price at 1.03 |
|
5 |
SWBR |
Swiber Holdings Ltd |
0.825 |
0.89 |
0.855 |
0.76 |
Profit – current price at 0.725 |
|
6 |
COSC |
Cosco Corp Singapore Ltd |
1.23 |
1.33 |
1.27 |
1.13 |
Profit – current price at 1.10 |
|
7 |
KLAN |
Keppel Land Ltd |
6.53 |
6.58 |
|
6.48 |
|
Stock Prices last updated at 17:30 (Singapore Time)
Afternoon Highlights
Major U.S banks reporting this week
U.S banks will kick off their earnings reporting this week, and movements on Wall Street will likely centre around these announcements to see if the financial sector is on route to recovering from the global financial crisis. The major reporting schedule will be as follows:
14th July = Goldman Sachs
15th July = JP Morgan Chase
16th July = Citigroup & Bank of America
On the home front, Singapore will release its June Non-oil Domestic Exports (NODX) on Friday 17th July 09.
Please beware! Market is doing a throwback.
For those who missed the entry forINDOFOOD which was given on 7th July for mid-term holding, refer to the Today’s Quick Pick for a new setup!
NEW: Keppel Land is added to our list of Mid Term Short Trading!
In Summary,
SGX test support at 6.87 today. The Market plummeted from 09:45 to 10:15, with a drop of 31 points within 45mins in the morning session.
Market started to trade lower in afternoon session – went to a low of 2258.72.
On the overall, we have fallen 38.14 points with a volume of 1.05 billion. The market is still directionless but more downward biased. We are waiting for the market to break 2211.81 for a more definite downturn. If there is a breakout at 2361.92, it would be a short term upward trend. Unless a breakout at 2424.52, then we be expecting a medium term uptrend.
Asian share markets were widening losses on Monday as investors braced for a slew of big U.S. earnings reports in the coming week.
Whereas – CAC, FTSE and DAX are struggling with gains
CIT Group Inc., which specializes in lending to small and medium-sized U.S. businesses, has retained counsel to prepare for a possible reorganization in bankruptcy court
Data on wholesale and consumer prices will be released on Tuesday and Wednesday.
STI Daily Chart on 13/07/09
