Morning Highlights
STI opens up 0.67% at 2750.35 and continues to trade higher. Currently, it is going through sideway consolidations.
Parkway broke high of 2.71, to wait for setups.
Australia’s central bank increased its key cash rate by 25 basis points to 3.75%, easing back the emergency scaling now that economy is recovering .
Sands China Ltd dropped on its first day of trading in Hong Kong after raising HK$19.4 billion (S$3.46 billion) in the city’s second-biggest IPO this year.
Updates On Dubai (New York Times)
Abdulrahman Al-Saleh, director general of Dubai’s finance department, said Monday that Dubai World was not guaranteed by the government, and the creditors would need to “bear some of the responsibility” for the company’s debt.
The first test of what that means for investors may happen around Dec. 14, when payments on a $3.5 billion Shariah-compliant bond owed by Dubai World’s real estate subsidiary, Nakheel, come due. If Nakheel defaults on its payment, legal proceedings may be initiated.
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)
|
Name |
Entry |
SL |
TSL |
TP |
Remarks |
|
| 1 | KLAN | Keppel Land | 3.22 | 3.08 | 3.36 | Small Risk |
Stock Prices last updated at 12.22 (Singapore Time)
