Morning Highlights
Our Focus For Today is on Individual Stocks…
STI gapped up and open at 2640.37 as supported by Wall Street’s rally, with Dow Industrials finish up triple digits. In Australia, gold miners were shining after spot gold prices hit a record high of $1036 an ounce on Tuesday.
After a strong rebound in the U.S. markets on Tuesday with the Dow surging 1.2% day-on-day (dod), most Asian markets followed suit to finish in positive territory. This was on the back optimism returning with a better than expected reading from the services sector in the U.S. The STI (+1.1% dod, 2,611.9) recouped some of its losses made over the past 3 days.
Capitaland has also benefits from plan to list subsidiary and CPO prices continued to advance for a second day to close at 2,062.0 ringgit per ton (+1.0% dod). (Read More…)
Currently Singtel is the lead of the decline of index. Till now, this stock has dropped 0.07. The Property Sector is weak.
There are 4 very bearish stocks on our watch list. Do lookout for shorting opportunity for Allgreen, UOL, City Development and Wingtai!
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 | TRDR | Trump Dragon | 0.66 | 0.535 | 0.125 | |
| 2 | HLF | Hong Leong Finance | 0.315 | 0.25 | 0.65 | |
| 3 | SPRM | Singapore Press Holdings | 3.90 | 3.70 | 4.10 |
Bearish Stocks (Singapore)
|
Symbol |
Name |
Entry |
SL |
TSL |
TP |
Remarks |
| 1 | FRNM | Fraser & Neave | 3.81 | 3.93 | 3.69 | |
| 2 | STAR | Starhub Ltd | 1.93 | 2.04 | 1.82 |
Stock Prices last updated at 11.30 (Singapore Time)
