Morning Highlights

There Are No Quick Picks For Today!

Singapore market fell in opening trades after a dip on Wall Street. STI down 26.68 points to open at 3040.92.

  • SingTel yesterday announced that it will continue to be the title sponsor for September’s F1 race for two more years in 2011 and 2012.
  • Watch out for Japan Monetary Base (YoY) and Australia GDP (YoY)

News Updates:

  1. South Korea Feb input price PMI at 2-year high.

  2. Oil for April delivery rallied 2.7% to settle at $99.63 a barrel, the highest since Sept. 30, 2008.

  3. Federal Reserve Chairman Ben S. Bernanke said the increase in oil and other commodity prices probably won’t cause a permanent increase in broader inflation, suggesting the central bank will continue its stimulus efforts

Corporate Announcements:

  1. Cosco won an order worth $130 million from Seadrill Ltd. to build two units of self-erecting tender drilling rigs.
  2. Ezra completed its acquisition of Aker Marine Contractors (AMC) and won a US$41 million contract from Norway’s Statoil.
  3. Yanlord reported 30% year-on-year increase in FY10 net profit to RMB1.9 billion.
  4. Swiber reported 7.4% year-on-year increase in FY10 net profit to US$37.3 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)

 

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 KPLD Keppel Land 4.19 3.95 Overnight, Current Price at 4.31 (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 5.38
(Entered 29.12.10)

Stock Prices last updated at 09:52 (Singapore Time)

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