Morning Highlights

There Are No Quick Picks For Today!

Singapore market rose higher on Wall Street’s overnight gains and as sentiment was boosted by a successful Portuguese bond auction Wednesday. STI up 7.66 points to open at 3252.60.

Watch out for Economic News Today:

News Updates:

  1. U.S. stocks rose, sending the MSCI World Index to the highest level in more than two years, and credit risk subsided on speculation European officials are stepping up efforts to solve the debt crisis and U.S. banks will boost dividends. Commodity indexes climbed for a third day.
  2. Thai’s Sri Trang Agro to raise US$280 million in Singapore listing.
  3. China’s rapid growth should slow to 8.5 per cent this year from 10% in 2010 but the world’s second-largest economy will remain the focus of Asia’s expansion, the World Bank said on Thursday.

Corporate Announcements:

  1. Ezra announced 28% year-on-year decline in 1Q 11 net profits to $13.3 million.
  2. Ezra was awarded new charters worth up to US$73 million to deploy 3 support vessels.
  3. Yangzijiang announced that it entered into a total of 15 shipbuilding contracts worth US$415 million for the 3 months ending 31 Dec 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.

Our Mid Terms Holdings : Bullish Stocks (Singapore)

 

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 KPLD Keppel Land 4.19 3.95 Overnight, Current Price at 4.81
(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.88
(Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   Overnight, Current Price at 2.92 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.21
(Entered 29.12.10)

Stock Prices last updated at 12:21 (Singapore Time)

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