Morning Highlights
STI opens flat at 2742.23. Our stand stays at neutral, observing further on market’s movement for today.
Datas For The Week
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U.S. Personal Income and the January ISM Manufacturing release tonight on 01/02/10. Pending Home Sales in December scheduled on tomorrow at 02/02/10. U.S Consumers’ Confidence level and Job Numbers on 03/02/10. Change. Lastly, January Non-Farm Payrolls will be out on 05/02/10.
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The European Central Bank will announces its interest rates on 04/02/10.
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Next, China has released its PMI today: January Manufacturing PMI 55.8 Vs 56.6 In Dec. Following next, would be Singapore’s PMI on 02/02/10 and Hong Kong’s PMI on 03/02/10
News Updates
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Toyota Motor Corp’s crippling sales shutdown of eight models due to a US safety recall will continue until at least mid-February. In addition to suspending sales, Toyota has said it will shut production of the eight recalled models at six US and Canadian factories for at least from Feb 1-5.
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U.S. economy grows at better-than-forecast 5.7% annualized pace in fourth quarter.
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Dow closes lower Friday; index’s 3.5% loss for January is biggest in 11 months.
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Consumer sentiment hits two-year high, Reuters/University of Michigan survey shows.
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Electric-car maker Tesla Motors files for IPO, seeks to raise up to $100 million.
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South Korea reported its first monthly trade deficit for the past 12 months, posting a shortfall of US$470 million in January compared to a surplus of 3.09 billion in December.
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Australian House Prices Up 5.2% In Q4.
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UK Home Prices +0.1% On Month, -0.8% On Year.
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)
Name |
Entry |
SL |
TSL |
TP |
Remarks |
|
1 | SIAT | Singapore Airport Terminal Services | 2.42 | 2.64 | 2.20 | |
2 | UOBH | United Overseas Bank | 17.88 | 18.40 | 17.36 | |
3 | DBSM | DBS Group | 13.98 | 14.46 | 13.50 | |
4 | OCBC | Oversea-Chinese Banking Corp | 8.07 | 8.37 | 7.77 | |
5 | CATL | Capitaland Ltd | 3.73 | 3.89 | 3.57 | |
6 | SCMN | Sembcorp Marine | 3.30 | 3.44 | 3.16 | |
7 | NOBG | Noble Group Ltd | 2.84 | 3.06 | 2.62 | |
8 | STRL | Straits Asia Resources | 2.09 | 2.25 | 1.93 | |
9 | IFAR | Indofood Agri Resources | 1.90 | 2.09 | 1.71 | |
10 | BANY | Banyan Tree | 0.695 | 0.76 | 0.63 | |
11 | SITT | Sinotel Technologies | 0.54 | 0.60 | 0.48 | |
12 | SINO | Sinomem Technologies | 0.465 | 0.54 | 0.39 | |
13 | SIAL | Singapore Airlines | 13.42 | 14.02 | 12.82 | |
14 | UTOS | UOL Group | 3.69 | 3.89 | 3.49 | |
15 | SCIL | Sembcorp Industrials | 3.42 | 3.60 | 3.24 | |
16 | WPSL | Wheelock Properties | 1.89 | 2.05 | 1.73 | |
17 | AEMN | Ascendasreit | 1.84 | 2.01 | 1.67 |
Stock Prices last updated at 9.05 (Singapore Time)