Morning Highlights

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

Singapore stocks started firm despite comments by Federal Reserve Chairman Ben Bernanke that sparked jitters about economic recovery. The STI opens up, testing resistance at 2808.18.

However, most of the Asian shares are mostly lower after Wall Street’s uninspiring performance provided few strong cues for investors, with bank stocks weighing on some markets. Volumes were thin across the region as investors counted down to the upcoming holiday season.

Corporate Announcements
NOL announced its operating performance for the 4 weeks (Period 11) from 17 October 2009 to 13 November 2009 which showed that container shipping volumes increased 23% while average revenue per FEU (Forty-foot Equivalent Unit) declined 28%.

News Updates:

  1. U.S. stocks finished nearly flat on Monday as investors took away a mixed message from Federal Reserve Chairman Ben Bernanke’s reiteration that the economic recovery remains fragile. DJIA rose 1.21 points to 10,390.11. The S&P 500 Index fell 2.73 points to 1,103.25, which the Nasdaq Composite declined 4.74 points to 2,189.61.
  2. The Japanese government has increased actual fiscal spending in the economic package by 100 billion yen to 7.2 trillion yen ($80.8 billion) in an effort to appease demands for more public assistance, according to a media report published Tuesday.

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)

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 KLAN Keppel Land 3.35 3.22 3.48
2 PARM Parkway Holdings 2.96 2.79 3.13
3 EZRA Ezra Holdings 2.23 2.14 2.32
4 TRAN Transpac Industrial 2.02 1.91 2.13 Going XD on 08/12/09 at 40c
5 FCL Frasers Centrepoint 1.34 1.27 1.41
6 AGRN Allgreen Properties 1.21 1.14 1.28 wait for a breakthrough at 1.20, resistance at 1.33
7 MIIF Macquarie International Infrastructure Fund 0.48 0.435 0.525  
8 WTH Wing Tai Holdings 1.79 1.73 1.85 Triggered, Current Price at 1.80
Watch out for resistance at 1.94(small risk)
9 IFAR Indofood Agri Resources 2.14 2.03 2.25 Overnight, Current Price at 2.13
(small risk)

Stock Prices last updated at 9.34 (Singapore Time)

Here’s Our Mid Term Holding Opportunities:

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

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