Our Primarily Focus for Today is on REIT…
Morning Highlights
STI gapped up and opened at 2,651.97. Subsequently it slipped and fell sharp to 2,638.18, which was near to yesterday’s close. It recovered from the drop almost immediately and starts trading between 2640.99 – 2667.82. High chance that the STI might oscillate between this range.
On Monday, Singapore Government’s intervention in preventing escalating property prices resulted in the sell-down of property stocks. Currently the Property Sector isn’t doing that well, especially after the announcement.
REIT is still holding well. We can see that the REIT stocks display a higher chance of upward momentum and therefore, remain as our top priority as of now. Among the Quick Picks, CapitaCommercial, Ascott Reit and Hiap Seng are the more favourable stocks.
Please note that despite the pending order has triggered for CapitaMall, we did not enter the trade. We chose to wait for entry to CapitaCommercial due to higher price movement.
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 | MRNG | MediaRing Ltd | 0.28 | 0.22 | 0.34 | To enter as Market Order |
| 2 | CACT | CapitaCommercial Trust | 1.04 | 0.97 | 1.11 | |
| 3 | BENK | Beng Kuan Marine | 0.365 | 0.31 | 0.42 | |
| 4 | SPRM | Singapore Press Holdings Ltd | 3.89 | 3.79 | 3.99 | |
| 5 | NOBG | Noble Group Ltd | 1.99 | 1.82 | 2.16 | |
| 6 | YAZG | Yangzijiang Shipbuilding | 1.08 | 1.01 | 1.15 | |
| 7 | MCPP | Marco Polo | 0.465 | 0.425 | 0.505 | Triggered –Current Price at 0.475 |
| 8 | HSEN | Hiap Seng Engineering | 0.7 | 0.64 | 0.76 | |
| 9 | CMLT | CapitaMall Trust | 1.77 | 1.69 | 1.85 | Triggered but we did not trade this counter. Current Price is at 1.77 |
| 10 | HKLD | HongKong Land | 4.27 | 4.05 | 4.49 | |
| 11 | People Food | 0.83 | 0.745 | 0.915 | ||
| 12 | AEMN | Ascott Reit | 0.985 | 0.92 | 1.05 |
Stock Prices last updated at 11.35 (Singapore Time)
