Morning Highlights

STI opens up 8.5  points at 2,735.73, after a higher finished on Wall Street.

Our Focus For Today is On Bank Stocks.

All the 3 banks opened above our entry price. We are looking at new setups to re-enter. We have re-entered position for UOB at 19.38

Capitamall Asia IPO price will be determined by today. The IPO commencement trading is on 25 November 2009.

Global Investment broke high of 0.245, to wait for setups

Keppel Land broke high of 3.03, to wait for setups

Index broke through resistance at 2746.73 in the early minutes. It manages to hold well above and move even higher. This is a good sign that index might move up from here to 3000.

Property sector is relatively weak. We would advise to trade with small risk for property counters.

  1. Japan July-Sept. real GDP rises better-than-expected 4.8% annualized‏
  2. U.S. consumer-sentiment gauge weakens in November‏
  3. U.S. trade gap widens significantly in September‏

Ex-div Dates

  • Tue 8 Dec 09: Straits Asia (net interim dividend per share of USD$0.0205)
  • Thu 19 Nov 09: DBS (net interim dividend per share of $0.14)
  • Fri 18 Dec 09: SingTel (net interim dividend per share off S$0.062)

Dividend Paid Dates

  • Fri 4 Dec 09: DBS (net interim dividend per share of $0.14)
  • Thur 14 Jan 10: SingTel (net interim dividend per share off S$0.062)

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 STEG ST Engineering 3.08 2.94 3.03 3.18 Overnight, Current Price at 3.11 
2 OCBC Oversea-Chinese Banking Corp 8.19
8.32		 8.03 8.61
3 UOBH United Overseas Bank 19.00
19.38		 18.66 20.1 Triggered, Current Price at 19.44
4 DBSM DBS Group 14.30
14.48		 13.96 15.00
5 NOBG Noble Group 2.86 2.72 3.00 Triggered – Current Price at 2.87
6 ANTE Anwell Technologies Ltd 0.73 0.67 0.79
7 SBI Offshore 0.35 0.27 0.43  

Stock Prices last updated at 10.42 (Singapore Time)

Here’s Our Mid Term Holding Opportunities for property shares.

  1. Allgreen Properties – Buy at 1.21, Stop Loss at 1.04
  2. City Development – Buy at 10.50, Stop Loss at 9.55
  3. Wing Tai Holdings – Buy at 1.75, Stop Loss at 1.55
  4. Ezra – Buy at 2.08, Stop Loss at 1.66 

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