Morning Highlights

Singapore market started steady after the New Year break, with STI up 21.18 points to open at 3211.22.

  • Singapore’s growth rebounded in the fourth quarter as manufacturing surged 28.2%, boosted by a robust expansion in pharmaceutical output

Watch out for Economic News Today:

  • China Non-Manufacturing PMI (Dec) [China Dec non-manufacturing PMI rises to 56.5]
  • U.S ISM Manufacturing (Dec)

Corporate Announcements:

  1. OSIM acquired a 19% stake in Hong Ming (China) Co. Ltd. for a consideration of USD 0.3 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 4.84
(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.89
(Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   Overnight, Current Price at 2.64 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.37
(Entered 29.12.10)

Stock Prices last updated at 17:05 (Singapore Time)

Afternoon Highlights

Market is strong, holding up to its gains.

  • Mewah broke $1.10 (its IPO price)

News Updates:

  1. Hutchison to buy port, property assets for US$733 million
  2. HDB Q4 resale prices up 2.4%

In Summary,

Asian stock markets kicked off the year with a healthy start, rising across the board on hopes the global economic recovery will continue in 2011.

Lookout for Cosco. This stock is displaying strong characteristics. We are waiting for a pullback to enter for mid term holding.

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