Singapore market opened flat with STI at 3230.81, as weighed by caution ahead of closely-watched government bond auctions in Europe…
Likewise, Wall Street ended lower overnight as investors wait for direction from earnings and economic data.
Watch out for Economic News Today:
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U.S IBD/TIPP Economic Optimism (Jan)
News Updates:
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Royal Group wins hotel site at Robinson Rd/Boon Tat St for $86 million.
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Australian stocks dragged lower by massive flooding in the state of Queensland.
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Many Chinese banks are planning to cut their new yuan lending by 10%-20% this year, the 21st Century Business Herald reported Tuesday, citing unnamed sources.
Corporate Announcements:
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Tiger Airways reports 32% increase in passengers in 12 months to Dec 2010 and its load factor in Dec 2010 reached 91%.
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Singtel’s subsidiary acquired 28.6% stake in 2359 Media Pte. Ltd. for an aggregate cash consideration of S$0.8 million.
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)
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Name |
Entry |
SL |
TSL |
TP |
Remarks |
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| 1 | GUOC | Guocoland Ltd | 2.91 | 2.64 | 3.18 | Â |
Our Mid Terms Holdings : Bullish Stocks (Singapore)
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Symbol |
Name |
Entry |
SL |
TSL |
TP |
Remarks |
| 1 | KPLD | Keppel Land | 4.19 | 3.95 | Overnight, Current Price at 4.8 (Entered 12.10.10) |
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| 2 | IFAR | Indofood Agri Resources | 2.70 | 2.23 | Â | Overnight, Current Price at 2.80 (Entered 25.10.10) |
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| 3 | STRL | Straits Asia Resources | 2.68 | 2.17 | Â | Overnight, Current Price at 2.61Â (Entered 30.11.10) |
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| 4 | SCMN | Sembcorp Marine | 5.19 | 4.49 | Â | Overnight, Current Price at 5.20 (Entered 29.12.10) |
Stock Prices last updated at 15:25 (Singapore Time)
Afternoon Highlights
Singapore Stock Prices edged higher in the afternoon session, with STI up 0.55% to 3247.18.
News Updates:
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IRs contribute $420 million net increase in government revenue April-Nov 2010
