Morning Highlights

Our Focus For Today Is On Oil & Gas and Commodity Sector

Singapore market inched up in opening trade on Monday with the key STI rising 10.75 points at 2933.51, approaching short term resistance at 2945.06.

  • Indofood Agri broke high of 2.46
  • Ezra broke high of 2.49 

This morning, China released its trade balance figures that showed exports surged in December and imports rose to a record in a stronger-than-forecast trade rebound that may lessen the case for governments to sustain stimulus programs this year.

Singapore News Updates:

  1. Singapore’s Retail Sales for November on Friday 15th January 2010.
  2. Keppel Corp’senvironmental engineering arm ofKeppel Integrated Engineering has secured two contracts worth US$53m to supply waste-to-energy solutions in China.

News Updates:

  1. U.S. nonfarm payrolls drop 85,000 in December as jobless rate holds at 10%; interest rate near zero.

  2. U.S stocks also gained as inventories at U.S wholesalers unexpectedly jumped in November by the most in five years, a sign that companies are picking up the pace of orders as sales climbed 3.3 percent, the biggest gain since January 2008 (Bloomberg).

  3. U.S’ November’s Trade Balance figures and along with surveyed optimism figures through the IBD/TIPP Economic Optimism will be out tomorrow on Tuesday 12th January 2010; the ABC Consumer Confidence on Wednesday13th January 2010.

  4. The Fed will be publishing their own commentary on current economic condition through the Fed Beige Book on Thursday14th January 2010. Advance Retail Sales figures will also be made known on the same day, while December’s Consumer Price Index will be released on Friday 15th January 2010.

  5. The European Central Bank will be announcing any change in interest rates on Thursday 14th January 2010, and the Euro-zone CPI on Friday 15th January 2010.

  6. Japan’s November Machine Orders and December’s Domestic Corporate Goods Price Index out on Thursday 14th January 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. 

Bullish Stocks (Singapore)

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 SCNB Sembcorp Marine 3.92 3.68 4.16
2 KLAN Keppel Land 3.79 3.56 4.02
3 UTES United Engineers 2.10 1.98 2.22
4 WTH Wing Tai Holdings 2.06 1.96 2.16
5 BIOS Biosensors International 0.845 0.79 0.90
6 SWBR Swiber Holdings 1.20 1.10 1.26
7 CY6U Ascendas India Trust 1.03 0.96 1.11  
8 DBSM DBS Group 15.82 15.24 16.40
9 VENM Venture Corp 9.29 9.10 9.48
10 AGRN Allgreen Properties 1.32 1.26 1.38
11 JAYA Jaya Holdings 0.67 0.62 0.72  
12 STTS Stats ChipPac 1.16 1.03 1.29 Overnight, Current Price at 1.17
(Small Risk)
13 IFAR Indofood Agri 2.51 2.45 2.57  

Here’s Our Mid Term Holding Opportunities:

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 OCBC Overseas Chinese Banking Corp 8.83 8.15 8.55 9.51 Overnight, Current Price at 8.91
2 KLAN Keppel Land 3.38 3.14 3.62 Overnight, Current Price at 3.68
3 UTOS UOL Group 4.06 3.20 3.74 4.92 Overnight, Current Price at 4.12
4 DBSM DBS Group 15.48 14.34 14.40 16.96 Overnight, Current Price at 15.44
5 STEG Singapore Technologies Engineering 3.27 3.00 3.12 3.54 Overnight, Current Price at 3.28
6 IFAR Indofood Agri Resources 2.20 1.94 2.05 2.46 Overnight, Current Price at 2.50
7 NOBL Noble Group 3.29 2.95 3.63 Overnight, Current Price at 3.39
8 PARM Parkway Holdings 3.02 2.74 3.30 Overnight, Current Price at 3.11

Stock Prices last updated at 9:51 (Singapore Time)

di
di

fYPvyHGFPIk