Singapore market started mixed with STI opened at 3218.55.
3 New IPOs:
IPO : Sri Trang Agro-Industry PCL
IPO Size : 280 million
IPO Price : $1.60
Corporate Profile : Market capitalization of approximately Baht 36,000.0 million based on the closing price per Share on the SET on such date
Commence Trading : 28th Jan on Mainboard
IPO : Malaysia Smelting Corp Berhad
IPO Size : 25 million
IPO Price : $1.75
Corporate Profile : One of the world’s leading integrated producers of refined tin metal
Commence Trading : 27th Jan on Mainboard
News Updates:
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Purchases of new homes in the U.S. surged 18% in December to a 329,000 annual pace, the biggest jump since 1992.
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Homebuilders in Standard & Poor’s indexes rose 1.5%
Corporate Announcements:
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OSIM announced 117% year-on-year increase in FY10 net profit to $50 million.
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)
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Name |
Entry |
SL |
TSL |
TP |
Remarks |
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| 1 | KPLD | Keppel Land | 4.19 | 3.95 | Overnight, Current Price at 4.64(Entered 12.10.10) | ||
| 2 | IFAR | Indofood Agri Resources | 2.70 | 2.23 | Overnight, Current Price at 2.57 (Entered 25.10.10) |
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| 3 | STRL | Straits Asia Resources | 2.68 | 2.17 | Overnight, Current Price at 2.66 (Entered 30.11.10) |
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| 4 | SCMN | Sembcorp Marine | 5.19 | 4.49 | Overnight, Current Price at 5.52 (Entered 29.12.10) |
Stock Prices last updated at 17:05 (Singapore Time)
In Summary,
Singapore market ended the day flat with STI down slightly by 0.95 of a point to 3219.83. Volume traded was 1.6 billion shares valued at $1.7 billion.
