Morning Highlights

There Are No Quick Picks For Today!

Singapore shares rose following a rally on Wall Street overnight  boosted by a better-than-expected U.S. jobless claims report. STI up 29.77 points to open at 3068.12.

Oil prices has also retreated amid hopes that the Libyan crisis could be resolved.

News Updates:

  1. The Institute for Supply Management’s index of non- manufacturing businesses increased to 59.7 from 59.4 in January.
  2. European Central Bank holds rate at 1.00%, and said an interest-rate increase may be needed to fight inflation.

Corporate Announcements:

  1. Noble plans to sell 306.5mn shares at S$2.07 to raise about S$625 million.
  2. Cosco signed an agreement to delay the disposal of Costar Shipping Pte Ltd and Coslink Sdn Bhd by four months.

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.

Our Mid Terms Holdings : Bullish Stocks (Singapore)

 

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 KPLD Keppel Land 4.19 3.95 Overnight, Current Price at 4.26
(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.38
(Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   Overnight, Current Price at 2.45 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.49
(Entered 29.12.10)

Stock Prices last updated at 09:33 (Singapore Time)

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