Morning Highlights
Singapore Stocks opened steady, with STI adding 11.81 points to 2746.20. Many investors are still cautiously watching for signs of European Union would move to address Greek debt troubles.
On the other hand, U.S. stocks fell for a second time this week on results on concern that the economic recovery may slow as the Federal Reserve withdraws stimulus measures.
New Trade Opportunity with China Hu An, To buy at 0.425, Stop Loss at 0.395 and Take Profit at 0.455 – Triggered
Corporate Announcement:
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CapitaLand reported a FY09 profit after tax and minority interests (PATMI) of S$1,053.0 million. This is the fourth consecutive year that CapitaLand has recorded net profit exceeding S$1 billion. Revenue in FY2009 was S$2,957.4 million, up 7% YoY, and contributed by higher revenue recognition for residential development projects in Singapore, China and Vietnam.
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Tiger Airways yesterday announced strong operating statistics for January 2010 having sold a total of 428,000 seats, up 53% YoY. For the twelve months ending 31 January 2010, sales totalled 4.5 million seats, up 42.9% YoY.
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Wilmar International announced the issue and allotment of 26,860 ordinary shares in the capital of the Company, at the conversion price of S$5.38 each, following the conversion of US$100,000 Wilmar Convertible Bonds due 2012.
News Updates
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Bernanke says economy still needs low rate policy; and may increase the discount rate on loans to banks.
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China’s Jan. consumer prices up less-than-expected 1.5%, but wholesale prices jump 4.3%
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.
Bearish Stocks (Singapore)
|
Name |
Entry |
SL |
TSL |
TP |
Remarks |
||
| 1 | HSEN | Hiap Seng Engineering | 0.57 | 0.64 | 0.50 | ||
| 2 | CATL | Capitaland Ltd | 3.63 | 3.81 | 3.45 | ||
| 3 | SCIL | Sembcorp Industries | 3.39 | 3.56 | 3.22 | ||
| 4 | WLIL | Wilmar International | 5.93 | 6.38 | 5.48 | ||
| 5 | GUOC | Guocoland | 1.98 | 2.13 | 1.83 | ||
| 6 | WTHS | Wing Tai Holdings | 1.70 | 1.82 | 1.58 | ||
| 7 | SWBR | Swiber Holdings | 1.00 | 1.10 | 0.90 | ||
| 8 | PNHG | Pan Hong Property Group | 0.44 | 0.51 | 0.37 | ||
| 9 | SITT | Sinotel Technologies | 0.445 | 0.50 | 0.39 |
Stock Prices last updated at 9.50 (Singapore Time)
