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)

Symbol

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)

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