Morning Highlights
Our Focus For Today Is On Property, Oil and Gas Sector
Singapore Share prices edged higher on Wednesday with the key Straits Times Index up 9.61 points to 2929.89.
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United Engineer broke high of 1.88
Singapore News Updates:
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Genting Singapore said on Tuesday it will open the first phase of its Singapore integrated resort on Jan 20, starting with four hotels.
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ASTI Holdings and Advanced Systems Automation request for trading Halt.
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Midas has clinched two contracts totalling RMB60.6mn to supply aluminium alloy extrusion profiles for a total of 315 train cars for two metro projects in Singapore and the PRC.
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Capitaland announced its Urban Suites Phase One has been fully sold. A total of 60 units, the units were sold at S$2,400 to S$2,700 psf
News Updates:
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The Japanese government has accepted Finance Minister Hirohisa Fujii’s offer to resign because of his poor health, Kyodo News reported on Tuesday, citing a ruling party lawmaker.
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New orders at US factories rose 1.1% in November in their third straight increase and inventories grew for the second month in a row, according to government data released on Tuesday that showed continuing recovery in manufacturing.
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US pending home sales down 16% in November after October figures were stoked by race against tax-credit deadline.
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GM’s December U.S. sales drop by 6.1%
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 | SGXL | Singapore Exchange Ltd | 8.35 | 8.21 | 8.49 | |
| 2 | D5N | Z-Obee Holdings | 0.29 | 0.175 | 0.405 |
Here’s Our Mid Term Holding Opportunities:
|
Symbol |
Name |
Entry |
SL |
TSL |
TP |
Remarks |
|
| 1 | OCBC | Overseas Chinese Banking Corp | 8.83 | 8.15 | 8.55 | 9.51 | Overnight, Current Price at 9.04 |
| 2 | KLAN | Keppel Land | 3.38 | 3.14 | 3.62 | Overnight, Current Price at 3.75 | |
| 3 | UTOS | UOL Group | 4.06 | 3.20 | 3.74 | 4.92 | Overnight, Current Price at 4.14 |
| 4 | DBSM | DBS Group | 15.48 | 14.34 | 14.40 | 16.96 | Overnight, Current Price at 15.54 |
| 5 | STEG | Singapore Technologies Engineering | 3.27 | 3.00 | 3.54 | ||
| 6 | IFAR | Indofood Agri Resources | 2.20 | 1.94 | 2.05 | 2.46 | Overnight, Current Price at 2.43 |
| 7 | NOBL | Noble Group | 3.29 | 2.95 | 3.63 | Overnight, Current Price at 3.31 | |
| 8 | PARM | Parkway Holdings | 3.02 | 2.74 | 3.30 | Overnight, Current Price at 3.07 |
Stock Prices last updated at 9:07 (Singapore Time)
