Morning Highlights

Index opened higher at 2818.07, up 21.78 points. Though STI came down shortly after open, it is now drifting around…

  • Genting Singapore broke high of 1.07
  • S’pore final Q1 jobless rate 2.2%, down from Q4

Lookout for Economic News Release For Today:

  1. U.S. June’s Empire Manufacturing

Corporate Announcements:

  1. Noble acquired a 51% stake in PT. Henrison Inti Persada to develop approx. 32,500 ha of land for palm oil production in Indonesia. The transaction is Noble’s first project in the oil palm sector.
  2. CapitalMalls Asia established a joint venture company to develop the ION-Tangs underpass in Orchard Road, Singapore

News Updates:

  1. Dow industrials turn negative as closing bell approaches‏; Dow industrials end down 20 points, forfeiting triple-digit gain‏.
  2. Moody’s Investors Service downgraded Greece’s government bond rating to junk, cutting the grade four levels to Ba1 from A3.
  3. Euro-zone industrial production increased more than economists forecast in April, rising 0.8% for an 11th month of gains.
  4. Bank of Japan to offer 3 trillion yen in new lending, keeps policy rate unchanged‏

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.

Bullish Stocks (Singapore)

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 HKLD Hong Kong Land 5.18 5.03 5.33
2 UOBH United Overseas Bank Ltd 19.42 18.52 20.32
3 SFLD Stamford Land Corp Ltd 0.52 0.47 0.57
4 IFAR Indofood Agri Resources Ltd 2.20 2.04 2.36 Cancelled
5 EZRA Ezra Holdings Ltd 1.86 1.72 2.00 Triggered, Current Price at 1.91

Stock Prices last updated at 13:00 (Singapore Time)

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