Morning Highlights
There Are No Quick Picks For Today
U.S. stocks rose, marking the biggest gain in more than a week on the Standard & Poor’s 500 Index, after U.S. Federal Reserve Chairman’s reassurance that interest rates will stay low for some time.
Singapore stocks finding support from strength on Wall Street, headed higher with the STI opened up at 2774.09.
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Marina Bay Sands integrated resort to open in phases from Apr 27 (Yahoo News)
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Sembcorp Marine resistance seen at 3.77 (Short at 3.72, Stop Loss at 3.78 and Take profit at 3.66 (small risk) – Overnight, Current Price at 3.70
Corporate Announcements
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Straits Asia Resources announced FY09 net profit of US$133.5mn, up 7.3% Year-on-Year (YoY).
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Indofood Agri Resources announced FY09 net profit of S$213mn, up 92% YoY
News Updates
- U.S. new-home sales fall 11% to record low in January
