Morning Highlights
Our Focus For Today Is Still On Small – Mid Caps
Asian share markets were on the rise with technology stocks leading after reassuring earnings reports in the U.S. from Apple and Texas Instruments.
STI opens up 13.98 points, at 2725.68.
The property arm of the world’s largest oil rig builder – Keppel Land will be announcing its 3Q09 results tomorrow. The stock has rallied 3.8% in the last five days and trade steadily above $2.70 since Wednesday. The stock’s performance in the last week has outperformed the FTSE ST Real Estate Index (a measure of 30 developers and property trusts in Singapore) which climbed 2.2% in the last five days to reach a new 52-week high of 630.87 yesterday. Keppel Land’s last achieved a 52-week high of $2.85 on September 10. (Warrant)
FrascerCT broke high of 1.23, to wait for setups
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 | CATL | Capitaland | 4.18 | 4.00 | 4.36 | |
| 2 | SPRM | Singapore Press Holdings | 4.00 | 3.88 | 4.12 | lookout near breakout pt |
| 3 | SCMN | Sembcorp Marine | 3.62 | 3.38 | 3.86 | |
| 4 | TRSU.SI | Transcu Group | 0.215 | 0.17 | 0.26 | |
| 5 | UEL | United Engineer | 1.82 | 1.69 | 1.95 | Resistance at 1.88 |
| 6 | SIAT | Singapore Airport Terminal Services | 2.59 | 2.44 | 2.74 | |
| 7 | LIAS | Lion Asiapac | 0.38 | 0.345 | 0.415 | |
| 8 | HYFL | Hyflux | 3.17 | 3.09 | 3.25 | |
| 9 | NOBG | Noble Group | 2.71 | 2.59 | 2.83 | |
| 10 | STEG | ST Engineering | 2.89 | 2.73 | 3.03 | Overnight – Current Price at 2.91 |
| 11 | RAMB | Ramba Energy | 0.72 | 0.655 | 0.785 | Overnight – Current Price at 0.74 |
Stock Prices last updated at 9:46 (Singapore Time)
Here’s Our Mid Term Holding Opportunities for property shares.
- Fraser & Neave – Buy at 4.02, Stop Loss at 3.76
- Allgreen Properties – Buy at 1.21, Stop Loss at 1.04
- City Development – Buy at 10.50, Stop Loss at 9.55
- Wing Tai Holdings – Buy at 1.75, Stop Loss at 1.55
- Ezra – Buy at 2.08, Stop Loss at 1.66
- Lookout for Keppel Corp
