Morning Highlights

Singapore Shares continued to edge lowered,  dragged by losses on Wall Street…

Wall Street losses sent Singapore Stocks to kick off on a negative note this morning. The Straits Times Index dropped 23.67 points or 0.89 % to 2643.76 at Today’s Open, in response to unexpected drop in U.S. home sales and sharp falls in metals and energy prices.

Here is a list of STOCKS that breakouts today,

  • China Fish broke  high of 1.39 – wait for setups
  • Hong Kong Land broke high of 4.26 – wait for setups

News Updates: (source from MSNBC)

  • G-20 taking on permanent coordinating role – Group of 20 nations will assume the role of a permanent council on global economic cooperation.
  • U.S. home resales decline 2.7% last month after a four month streak of gains, providing evidence that the housing market recovery remains fragile.
  • Oil prices fell sharply for a second straight day as growing supplies of crude, gasoline and heating oil exposed how badly the recession has cut into energy demand.

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 INTK Innotek Ltd 0.505 0.445 0.565
2 SUNT Suntec REIT 1.15 1.07 1.23 Cancelled due to big retracement
3 CMIT Cambridge Industrial Trust 0.48 0.45 0.51
4 AEMN Ascendas REIT 1.95 1.79 2.11
5 CDLT CDL Hospitality Trusts 1.54 1.47 1.61
6 FEGL Falcon Energy Group Ltd 0.965 0.86 1.07
7 FJBN FJ Benjamin Holdings Ltd 0.365 0.325 0.405  
8 SINW Sinwa Ltd 0.495 0.44 0.55
9 ASRT Ascott Residence Trust 1.02 0.99 1.05  
10 CACT CapitaCommercial Trust 1.07 0.99 1.15
11 CHOF CH Offshore 0.735 0.70 0.77
12 STHL Starhill Global REIT 0.625 0.59 0.66
13 MMPC Mermaid Maritime 1.26 1.10 1.42
14 RAMB Ramba Energy Ltd 0.635 0.475 0.795  
15 EZRA Ezra Holdings Ltd 2.06 1.95 2.17 Overnight – Current Price at 1.99
16 FNON.SI Financial One Corp 0.42 0.34 0.374 0.50 Overnight – Current Price at 0.565
17 BENK Beng Kuang Marine 0.365 0.31 0.42 PROFIT – CLOSED at 0.38
18 HBEE Ho Bee Investment 1.60 1.34   1.86 To enter as Market Order
19 SITT Sinotel Technologies Ltd 0.725 0.66 0.79 Overnight – Current Price at 0.71
20 OKPH OKP Holdings Ltd 0.80 0.72 0.74 0.88 Took Half Profit at 0.95
Current Price at 0.93
21 KPLM Keppel Corp Ltd 8.28 7.90   8.66 Overnight – Current Price at 8.26
22 DMXT DMX Technologies Group Ltd 0.53 0.45 0.61 Overnight – Current Price at 0.53

Stock Prices last updated at 10.47 (Singapore Time)

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