Morning Highlights
Singapore market kicked off the week on a soft note as dragged by weakness on Wall Street, with the STI down 9.82 points to 2898.60.
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CapitaCommercial Trust requested a trading halt, pending the release of an announcement.
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Numbers on the Non-oil Domestic Exports in December will be released today.
With U.S. markets closed Monday (Martin Luther King Jr. Day), many investors are likely to be on the sidelines, and awaiting earnings from major financial firms due this week.
Announcement News This Week:
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In China, all major figures for December relating to Retail Sales, Industrial Production, the Producer and Consumer Price Index will be released together on Thursday, 21/01/2010. On the same day in Hong Kong, the December CPI Composite Index will also be out.
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In Japan, the report card on the country’s economic output will be measured by November’s Industrial Production will out this morning on today 18/01/2010; December Machine Tool Orders on Wednesday 20/01/2010, and November’s All Industry Activity Index in Friday 22/01/2010.
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In United States, November Net Long-term TIC Flows, which measures the demand for U.S long-term securities such as U.S Treasury bonds and notes, will be released on Tuesday 19/01/2010; December Producer Price Index, Housing Starts and MBA Mortgage Applications on Wednesday 20/01/2010; Initial Jobless Claims and December Leading Indicators will be the main data to watch on Thursday 21/01/2010.
News Updates:
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Toyota to double global hybrid output in 2 years
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S Korea KDB to bid for US$850m Siam City Bank stake.
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JPMorgan’s weaker-than-expected revenue, with losses in its card services prompted worries about the recovery pace of (U.S.) consumer spending.
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U.S. consumer prices edge up 0.1% in Dec.; energy rises just 0.2% after 4.1% spike in Nov.
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U.S. industrial output rises in January for sixth straight month.
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U.S. stocks’ early decline steepens as U. of Mich. consumer-sentiment rise misses forecast.
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 | WLIL | Wilmar International | 7.30 | 6.97 | 7.63 | |
| 2 | HLAA | Hong Leong Asia | 3.36 | 3.18 | 3.54 | |
| 3 | SCMN | Sembcorp Marine | 3.92 | 3.68 | 4.16 | |
| 4 | MIIF | Macquarie International Infrastructure Fund Ltd | 0.53 | 0.475 | 0.585 | |
| 5 | ADFP | Asia Food & Properties | 0.685 | 0.61 | 0.755 | |
| 6 | ADFP | ARA Asset Management | 0.99 | 0.91 | 1.07 | |
| 7 | DESS | Design Studio | 0.72 | 0.66 | 0.78 | |
| 8 | RVHL | Riverstone Holdings | 0.705 | 0.625 | 0.785 | |
| 9 | OSIL | OSIM International | 0.65 | 0.605 | 0.695 | |
| 10 | HIAP.SI | Hiap Hoe Limited | 0.63 | 0.59 | 0.67 | |
| 11 | SHDS | Sing Holdings | 0.455 | 0.385 | 0.515 |
Here’s Our Mid Term Holding Opportunities:
|
Symbol |
Name |
Entry |
SL |
TSL |
TP |
Remarks |
|
| 1 | OCBC | Overseas Chinese Banking Corp | 8.83 | 8.15 | 8.55 | 9.51 | Overnight, Current Price at 8.75 |
| 2 | UTOS | UOL Group | 4.06 | 3.20 | 3.74 | 4.92 | Overnight, Current Price at 4.07 |
| 3 | DBSM | DBS Group | 15.48 | 14.34 | 14.40 | 16.96 | Overnight, Current Price at 15.10 |
| 4 | STEG | Singapore Technologies Engineering | 3.27 | 3.00 | 3.12 | 3.54 | Overnight, Current Price at 3.23 |
| 5 | NOBL | Noble Group | 3.29 | 2.95 | 3.63 | Overnight, Current Price at 3.31 | |
| 6 | PARM | Parkway Holdings | 3.02 | 2.74 | 3.30 | Overnight, Current Price at 2.87 | |
| 7 | HYFL | Hyflux | 3.81 | 3.42 | 4.20 | ||
| 8 | SIAT | Singapore Airport Terminal Services | 2.80 | 2.53 | 3.07 | ||
| 9 | OCGL | Oceanus Group | 0.475 | 0.34 | 0.61 | ||
| 10 | GENS | Genting Singapore | 1.32 | 1.05 | 1.59 |
Stock Prices last updated at 9:12 (Singapore Time)
