Singapore Stock Market Updates On 07/12/09

Morning Highlights

Our Focus For Today Is On HealthCare, Mid Caps and REITS

The STI was up 1.56points at 2792.57.

• Hiap Tong (recent IPO) to watch out for breakthrough at 0.29.
• CDReit lookout for breakthrough at 1.63
• Epure lookout for breakthrough at 0.655
• Singpost lookout for breakthrough at 0.98
• Hafary commence trading today, open at 0.25, which is higher than its IPO price of 0.20, waiting for setups

News Updates:

1. Intel Corp has scrapped plans to launch an advanced graphics chip based on its novel Larrabee design, after concluding that delays in the project would make it uncompetitive, a spokesman said on Sunday.
2. Citigroup is hoping to convince U.S. authorities to allow it to quickly repay $20 billion of bail-out funds given the bank, The Financial Times reports on its Web site Sunday. The FT, citing “people close to the situation,” said Citigroup is concerned that if they don’t begin a capital raising effort by the middle of next week, they would find it difficult to do so until after reporting year-end results in January.
3. December gold falls $11.70 to $1157.10/oz on Globe.
4. The figures on U.S. November retails sales, including consumer sentiment and consumer credit will be closely watched of the week. 

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)

Stock Prices last updated at 9.05 (Singapore Time)

Here’s Our Mid Term Holding Opportunities:

1. OLAM – Buy at 2.88, Stop Loss at 2.42