Morning Highlights

There Are No Quick Picks For Today!

Singapore market rise on overnight Wall Street’s gains. STI up 17.16 points to open at 3027.67.

  • Japan will be release Household Spending (YoY) and Jobless Rate.
  • South Korea Market is closed for Holiday

News Updates:

  1. Pending U.S. home sales eased in January for the second consecutive month; dropped 2.8%, putting the Pending Home Sales Index at 88.9.

  2. China  February Official PMI fell to 52.2

Corporate Announcements:

  1. OUE reported FY10 net profit of $777.2mn compared to FY09 net loss of $93.4 million.

  2. Noble reported 8.9% year-on-year increase in FY10 net profit to US$605.6 million.

  3. Osim received approval in-principle from the SGX-ST for the listing and quotation of 42.5 million shares for its TDR listing.

  4. Tiger Airways announced that RyanThai Ltd will invest in a 10% stake in Tiger’s joint venture with Thai Airways.

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 4.27(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.36
(Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   Overnight, Current Price at 2.38 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.41
(Entered 29.12.10)

Stock Prices last updated at 09:37 (Singapore Time)

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