Morning Highlights

Our Focus For Today Is On Property, Commodity & Financial Sector – Short Selling

Singapore Share prices fell across the board in opening trade on Friday with the STI gapped down 21.13 points to open at 2736.55.

Corporate Announcements

  1. Noble Group has entered into an agreement to sell its interests in Middlemount Coal to MacArthur Coal while it will not proceed with the sale of Donaldson Coal. Noble also proposed an acquisition of 82.9mn shares in Macarthur Coal.

  News Updates

  1. Procter & Gamble revises fiscal-2010 targets higher on heels of strong second quarter.
  2. 3M raises 2010 profit expectations; blue chip reports broad-based growth in fourth quarter‏.
  3. Amazon posts 71% higher net and $9.5 billion in sales (strong Q1 revenue); its board plans to buy back $2 billion in shares.‏
  4. Microsoft’s fiscal 2Q net income rose to $6.66 billion or 74 cents a share, from $4.17 billion or 47 cents a share, in the year-earlier period. Revenue rose 14% to $19.02 billion.
  5. U.S. first-time jobless claims still elevated, off 8,000 to 470,000 last week‏.
  6. Bernanke is confirmed by the Senate for second term‏ 
  7. Weak tech checks U.S. stocks; Qualcomm and Motorola lower after results‏; Dow closes down 116 points.
  8. Japan’s jobless rate falls to 5.1% in December and the availability of jobs improved for the 4th month in a row.
  9. Japan Manufacturing PMI falls 1.3 points to 52.5

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)

Symbol

Name

Entry

SL

TSL

TP

Remarks
  YNLG Yanlord Land 1.70 1.91 1.49 Overnight, Current Price at 1.66
1 STEG Singapore Technologies Engineering 3.09 3.20 2.98  
2 GUOC Guocoland 2.17 2.29 2.05
3 SIAT Singapore Airport Terminal Services 2.42 2.64 2.20
4 UOBH United Overseas Bank 17.88 18.40 17.36
5 DBSM DBS Group 13.98 14.38 13.58
6 CTDM City Development 10.48 10.96 10.00
7 OCBC Oversea-Chinese Banking Corp 8.07 8.37 7.77
8 CATL Capitaland Ltd 3.73 3.89 3.57
9 SCMN Sembcorp Marine 3.30 3.44 3.16
10 KLAN Keppel Land 3.19 3.40 2.98 Triggered, Current Price at 3.16
11 NOBG Noble Group Ltd 3.84 3.06 2.62
12 OLAM Olam International 2.36 2.50 2.22 Triggered, Current Price at 2.36
13 STRL Straits Asia Resources 2.09 2.25 1.93
14 HPPS Hotel Properties 2.05 2.14 1.96
15 IFAR Indofood Agri Resources 1.90 2.09 1.71
16 AGRN Allgreen Properties 1.14 1.22 1.06
17 YAZG Yangzijiang Shipbuilding 1.03 1.12 0.94
18 GENS Genting Singapore 1.02 1.15 0.89
19 ROTE Rotary Engineering 0.955 1.03 0.88
20 BANY Banyan Tree 0.695 0.735 0.655
21 AUSG AusGroup Ltd 0.585 0.63 0.54
22 SITT Sinotel Technologies 0.54 0.60 0.48
23 TION Tiong Woon Corp 0.515 0.565 0.465
24 ADFP Asia Food & Properties 0.52 0.56 0.48
25 SINO Sinomem Technologies 0.465 0.52 0.41
26 PNHG Pan Hong Property Group 0.465 0.52 0.41
27 DMXT DMX Technologies 0.34 0.385 0.295  

Stock Prices last updated at 9.36 (Singapore Time)

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