Morning Highlights

Our Focus For Today Is On Mid Caps, Oil & Gas, China and Healthcare Sector

Singapore Market opened steady following gains in Wall Street overnight, however, so far the index movement has been very limited during the first 30mins of trade. It seems that many investors are on the sidelines, waiting for cues from a raft of Chinese data with November’s inflation, retail sales, industrial output, fixed asset investment and trade among the reports due later in the day. High chance we might see consolidation between 2770.95 – 2808.18 for now.  

  • Tiong Woon on the lookout
  • HIP on the lookout

Corporate Announcements
Keppel Corp has secured contracts worth $160 million for a Floating Production Storage and Offloading (FPSO) vessel conversion, a Derrick Lay Barge completion and the life extension of a semisubmersible rig

News Updates:

  1. Financial markets received another rude shock when Spain became the latest target of the international credit rating agencies, following a downgrade of Greece earlier this week. (Business Times)
  2. The trustee in charge of liquidating Lehman Brothers Holdings Inc’s brokerage business won court approval on Thursday to transfer about $1.6 billion to $1.7 billion of customer property to new accounts at Barclays Plc… (REUTERS)
  3. Citigroup plans US$15 billion offering to repay bailout (Read Full)

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 FORT Fortune REIT 2.98 2.84 3.12
2 PEC 0.725 0.685 0.765
3 UIC United Industrial Corporation 2.24 2.06 2.42
4 WPSL Wheelock Properties 1.92 1.83 2.01
5 PSLL PSL Holdings 0.29 0.225 0.325
6 PARM Parkway Holdings 2.97 2.87 3.07
7 EPIL Epure International 0.72 0.665 0.775
8 CTDM City Development 11.06 10.46 11.66
9 GUOC Guocoland 2.13 1.94 2.32
10 Synear 0.35 0.32 0.38
11 HGUO Hongguo International 0.36 0.31 0.41
12 CHNM China Milk 0.365 0.31 0.42
13 MMPC Mermaid Maritime 0.865 0.795 0.935
14 CSES CSE Global 0.875 0.825 0.925
15 LHCF Li Heng Fibre Technology 0.30 0.255 0.345
16 SERO Seroja Investments 0.74 0.68 0.80  

Stock Prices last updated at 9.20 (Singapore Time)

Here’s Our Mid Term Holding Opportunities:

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

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