Singapore Stock Market Updates On 19/01/11

Singapore market started unchanged but rose slightly higher at midday.

3 New IPOs:

IPO : XMH holdings Ltd
IPO Size : 100.95 million
IPO Price : $0.25
Corporate Profile : “A DIESEL ENGINE, PROPULSION AND POWER ENERATING SOLUTIONS PROVIDER IN THE MARINE AND INDUSTRIAL SECTORS
Commence Trading : 26th Jan on Mainboard

IPO : Zhongmin Baihui Retail Group Ltd
IPO Size : 30 million (only for placement)
IPO Price : $0.30
Corporate Profile : We are principally engaged in the ownership and operation of department store in Xiamen City, Fujian Province, the PRC
Commence Trading : 20th Jan on Catalist

IPO : Harry’s Holdings Ltd
IPO Size : 24 million (placement only)
IPO Price : $0.22
Corporate Profile : From a single bar opened in Boat Quay in 1992, Harry’s Holdings Ltd. is now one of the leading operators of premium bars, restaurants and other businesses, with an emphasis on market branding and customer service.
Commence Trading : 26th Jan on Catalist

News Updates:

1. China’s CPI rose 4.6% in December, slowing from 5.1% in November, the Hong Kong-based Phoenix Television reported on its website on Wednesday, citing an unnamed source from the central bank.
2. U.S. stocks rose, extending a seven- week rally, as gains in commodity producers and a rescue pledge by European chiefs offset lower-than-estimated profit at Citigroup Inc. and concern about Apple Inc.’s leadership

Corporate Announcements:

1. SGX is enhancing access to companies listed on SGX by introducing continuous all-day trading from 9am to 5pm.

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.

Our Mid Terms Holdings : Bullish Stocks (Singapore)

Stock Prices last updated at 15:14 (Singapore Time)