Morning Highlights

Singapore market rose slightly in opening trade on strength in Wall Street overnight gains, as boosted by AIG’s record-setting deal to sell a major Asian unit. The STI opened up at 2782.30.

News Updates 

  1. Chile quake causes up to US$8billion insured losses
  2. FDIC to grease mortgage market with US$1.8 billion deal
  3. The monetary base in Japan was up 2.2% on year in February to 95.69 trillion yen, the Bank of Japan said on Tuesday, after adding an annual 4.9% in January.
  4. Japan January Household Spending +1.7% On Year; Unemployment Rate 4.9% In Jan Vs 5.1% Forecast
  5. The US dollar is still somewhat overvalued while the Chinese renminbi is substantially undervalued, the International Monetary Fund said on Monday in an assessment of Group of 20 major economies.
  6. Britain’s Prudential to buy AIG’s Asia operations for $35.5 billion in cash and stock‏.
  7. U.S. manufacturing gauge shows broad expansion in February but at slowed pace‏;
  8. U.S. January Real Consumer Spending rises 0.3%, at highest since May 2008‏.

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)

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 BRWY Broadway Industrial Group Limited 0.94 0.845 1.04
2 HTLH HTL International Holdings 0.66 0.61 0.71  

Stock Prices last updated at 9.10 (Singapore Time)

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