Morning Highlights
STI opens at 2749.69. High chance that market is going to be choppy, thus, we advise to trade with small risk. Otherwise, it would be good to remain at the sideline for the time being.
The banks are weak. Do avoid trading the bank shares. Currently, OCBC is the strongest, follow by DBS and then UOB.
US leading economic index up at 2 year high, indicating that economic recovery is finally setting in. Conference Board Economist Ken Goldstein said that we can expect slow growth through the first half of 2010.
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 | OCBC | Overseas Chinese Banking Corp | 8.54 | 8.35 | 8.73 | ||
| 2 | STRL | Straits Asia | 2.24 | 2.13 | 2.35 | ||
| 3 | PSLL | PSL Holdings | 0.25 | 0.225 | 0.295 | ||
| 4 | YAZG | Yangzijiang Shipbuilding | 1.19 | 1.06 | 1.49 | ||
| 5 | CEGL | China Essence | 0.32 | 0.25 | 0.39 | ||
| 6 | CWTD | CWT Limited | 0.75 | 0.715 | 0.785 | ||
| 7 | OTTO | Otto Marine Ltd | 0.40 | 0.365 | 0.435 | ||
| 8 | SCI | Sembcorp Industrial | 3.65 | 3.55 | 3.75 | Triggered – Current Price at 3.71 |
Stock Prices last updated at 9.35 (Singapore Time)
Here’s Our Mid Term Holding Opportunities for property shares.
- 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
