Morning Highlights

Singapore market started almost unchanged on Thursday after Wall Street slipped overnight. However, market pulled back after 9:30, with the key STI off 17.54 points now. (Update: 9:50)

Other Asian stock markets are seen mixed, with shares in Japan weighed by deepening concerns over Toyota Motor’s recall of vehicles and as investors have adopted a cautious stance ahead of the U.S. jobs report on Friday.

Corporate Announcement

  1. Noble Group proposed to issue an additional US400 million worth of Senior Notes with an interest payment of 6.75% per annum due on 29th October 2020

News Updates

  1. Nasdaq OMX plans to launch its third US stock-trading platform, called NASDAQ OMX PSX, or simply PSX, in May, the exchange operator said in a note to traders on Wednesday.
  2. U.S. stocks open lower Wednesday; health-care issues lead decline‏. Dow finishes down 27 points, halting two-day rally; Nasdaq edges up‏
  3. U.S. services-sector gauge shows expansion, but reading is weaker than forecast‏.
  4. Private-sector payrolls for January down 22,000, fewest since January 2008‏
  5. Cisco’s net jumps 23%, beating estimates; CEO says company in ‘second phase’ of recovery.
  6. Pfizer profit jumps as revenue climbs 34%

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. 

Bearish Stocks (Singapore)

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 SIAT Singapore Airport Terminal Services 2.42 2.64 2.20
2 SINO Sinomem Technologies 0.465 0.54 0.39
3 HBEE Ho Bee Investment 1.60 1.75 1.45  
4 HSEN Hiap Seng Engineering 0.57 0.64 0.50  
5 DBSM DBS Group 13.98 14.46 13.50
6 CTDM City Development 10.48 10.82 10.14
7 EPIL Epure International 0.88 0.92 0.84
8 OCBC Oversea-Chinese Banking 8.07 8.44 7.7
9 OLAM Olam International 2.34 2.47 2.21
10 IFAR Indofood Agri Resources 1.91 2.12 1.70
11 WPSL Wheelock Properties 1.89 2.05 1.73
12 AUSG AusGroup Ltd 0.585 0.63 0.54
13 UTOS UOL Group 3.70 3.86 3.54  

Stock Prices last updated at 9.15 (Singapore Time)

di
di

pnJT3jfI500