Singapore Stock Market Updates On 08/12/10

There Are No Quick Picks For Today!

STI opens slightly higher at 3195.21. Expect market continues to be choppy… 

Watch Out For Economic News Today

1. U.S ABC Consumer Confidence (Dec) 

1. Tiger Airways announced that it has utilised approximately S$15.5 million from IPO to fund their acquisition of aircraft and associated aircraft pre-delivery payments.

News Updates:

1. U.S. government debt dropped after Obama said he would accept lower rates on high earners’ income, dividends, capital gains and multimillion-dollar estates for the next two years to break a stalemate over extending the Bush administration’s tax cuts for middle-class taxpayers before Congress adjourns. The current tax rates, enacted in 2001 and 2003, are set to increase Dec. 31.
2. Japanese Prime Minister Naoto Kan told Finance Minister Yoshihiko Noda and others to realise a 5 percentage point cut in the effective corporate tax rate from fiscal 2011, deflecting calls for a more modest reduction, the Nikkei business daily reported.
3. A Monetary Authority of Singapore survey of 22 professional forecasters last month found that they predicted a most likely outcome of 15.0-15.9% growth in 2010

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 10:34 (Singapore Time)