Singapore Stock Market Updates On 20/07/10

Morning Highlights

Singapore Market opens flat whereas most of the Asian shares recover from weak morning trade to move broadly higher in the midday, with the exception of Japan, where recent strength in the yen continues to weigh on major exporters. Market is not doing well, we advise to practice cautious trading.

• Tiger Airways broke 1.96

Watch out for Economic News Release Today:

1. U.S June’s Housing Starts
2. Goldman Sachs and Apple 2Q10 earnings 

Corporate Announcements:

1. Yangzijiang’s Taiwan Depository Receipts (TDR) listing received approvals from Taiwan Stock Exchange and Taiwan Central Bank. The Group also secured new shipping orders for 10 vessels worth US$234mn.
2. Capitaland’s wholly owned subsidiary, Capitaland (Sicchuan) Holdings Pte. Ltd., has completed the sale of the entire 50% stake in Sichuan Zhixin CapitaLand Co., Ltd.
3. Olam completed the acquisition of dehydrated and vegetable products products business and operating assets of Gilroy Foods & Flavors from Conagra Foods for US$250mn

News Updates:

1. U.S. home builders index falls to 15-month low‏

2. U.S. stock indexes forfeit opening gains as economic data disappoint investors‏ but eventually finished with gains; Intel, Boeing are biggest advancers on Dow‏

3. IBM reports higher profit and revenue, raises full-year outlook‏

4. Texas Instruments’ late-traded shares fall nearly 6% after quarterly report‏

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)

Stock Prices last updated at 12:13 (Singapore Time)