Singapore Stock Market Updates On 07/12/10

There Are No Quick Picks For Today!

Singapore market opened slightly lower, with STI down 4.14 points to 3177.27.

• Citi starts Yanlord at ‘buy’, target $2.38
• OCBC ups Venture target to $12.10, keeps ‘buy’

Watch Out For Economic News Today

1. U.S IBD/TIPP Economic Optimism (Dec) 

1. NOL announced its shipping operating performance for the four weeks (Period 11) from 16 October to 12 November. Volumes in FEU terms rose 6% YoY and are up 23% YTD. Average revenue per FEU is up 25% YoY and 22% YTD.
2. Keppel Land said it is expecting to book a larger profit of approximately S$394 million from its Marina Bay divestment, following a positive advance ruling from the tax authorities. Keppel Land is divesting one third of its stake in Marina Bay Financial Centre Towers 1 & 2 to K-REIT

News Updates:

1. Federal Reserve Chairman Ben S. Bernanke said the central bank may boost purchases of U.S. debt.
2. Germany rejected calls to increase the European Union’s 750 billion-euro ($1 trillion) aid fund or introduce joint bond sales, signalling its refusal to bear extra costs to stamp out the debt crisis

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)

Stock Prices last updated at 09:50 (Singapore Time)