Morning Highlights
Our Focus For Today Is Still On Small & Mid Caps
STI opened 5.14points higher than yesterday’s close. There are a few blue chips breaking its high but sector remain weak.
Please note that we have just entered our position for Ramba Energy. Currently the stock is trading at 0.715. (10.17)
U.S. News Updates
US shares opened mixed on Tuesday with investors pausing to digest gains from a recent rally and awaiting a wave or corporate earnings reports.
The consumer confidence fell in October, and after months of fluctuations in sentiment, further negative pressure caused by mounting unemployment could hurt consumer spending, a research group said on Tuesday.
Investor’s Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index slipped to 48.7 in October from 52.5 in September. (Business Times)
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)
Name |
Entry |
SL |
TSL |
TP |
Remarks |
|
1 | SIAT | Singapore Airport Terminal Services | 2.59 | 2.44 | 2.74 | |
2 | TRDR | Trump Dragon | 0.725 | 0.675 | 0.775 | |
3 | UEL | United Engineer | 1.82 | 1.69 | 1.95 | |
4 | HKLD | Hong Kong Land | 4.75 | 4.63 | 4.87 | |
5 | Ramba Energy | 0.72 | 0.655 | 0.785 | Triggered, Current Price at 0.72 |
Bearish Stocks (Singapore)
Symbol |
Name |
Entry |
SL |
TSL |
TP |
Remarks |
1 | FRNM | Fraser & Neave | 3.81 | 3.93 | 3.69 | Overnight – Current Price at 3.88 |
2 | STAR | Starhub Ltd | 1.93 | 2.04 | 1.82 | |
3 | CTDM | City Development | 9.69 | 9.99 | 9.39 | |
4 | WTH | Wing Tai Holdings | 1.56 | 1.21 | 1.91 | |
5 | Mandarin Oriental | 1.23 | 1.31 | 1.15 | ||
6 | ECSH | ECS Holdings | 0.445 | 0.50 | 0.39 | |
7 | CRCT | CapitaRetail China Trust | 1.14 | 1.21 | 1.07 | |
8 | BANY | Banyan Tree | 0.815 | 0.86 | 0.77 | |
9 | SINO | Sinomem Technology | 0.55 | 0.62 | 0.48 | |
10 | TAT | Tat Hong Holdings | 0.985 | 1.07 | 0.90 | |
11 | LOHO | Longcheer | 0.515 | 0.56 | 0.47 | |
12 | CHNM | China Milk | 0.455 | 0.495 | 0.415 | |
13 | JAYA | Jaya Holdings | 0.41 | 0.445 | 0.375 |
Stock Prices last updated at 11.18 (Singapore Time)