Singapore Stock Market Updates On 12/11/10

Singapore stocks opened lower after Wall Street retreated overnight, with STI down 9.96 points to open at 3283.43.

Watch Out For Economic News Today

1. China Hong Kong 3Q GDP
2. Euro-zone 3Q GDP
3. U.S U. of Michigan Confidence (Nov)

1. Genting Singapore reported its 3Q10 net profit at S$187.8 million compared to an S$93.3 million net loss last year.
2. Olam reported a 56.3% year-on-year increase in 1Q11 net profit to S$29.7 million.
3. Swiber reported a 51.3% year-on-year decline in 3Q10 net profit to US$8.0 million.
4. SGX and London Metal Exchange Ltd will jointly launch 3 new metal contracts on SGX on 15 Feb 2011.
5. SAR announced that PTT Asia Pacific Mining agreed to buy Australia’s Straits Resources Ltd’s coal assets for A$544.1 million.
6. SBST’s Q3 profit up 20.4% to $12.7 million

News Updates:

1. Citigroup Inc sold a US$1.4 billion portfolio of multifamily and commercial real estate loans to OneWest Bank on Thursday, as the larger bank continued to shed assets it considers unrelated to its main banking businesses.
2. US stocks sunk on Thursday amid speculation that China will hike interest rates in an effort to curb faster-than-expected inflation and as the tech sector received a pummeling.

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)

Our Mid Terms Holdings : Bullish Stocks (Singapore)

Stock Prices last updated at 9:25 (Singapore Time)