Morning Highlights

Our Focus For Today Is On Property and China Sector

STI opened positively at 2806.27 lifted by gains in the bank shares. Sentiment was buoyed by Wall Street’s overnight strength, after the Dow Jones Industrial Average rose 0.8% for its biggest gain since 1st December this month.

Corporate Announcements 

Noble Group has requested for a trading halt this morning.

Straits Asia Resources entered into a five year club financing facility for US$380m. The facility will be used to refinance an existing US$255m facility, provide additional working capital and funds for Straits Asia’s planned expansion of its coal production.

News Updates:

  1. China reportedly tips 6% export growth in 2010.

  2. The World Trade Organization upheld a ruling Monday that China is illegally restricting imports of U.S. music, movies and books.

  3. Alcoa in US$11b aluminum deal with Saudi Arabia

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)

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 GUOC Guocoland 2.24 2.15 2.33
2 HWHS Hwa Hong 0.54 0.49 0.59
3 WPSL Wheelock Properties 2.05 1.96 2.14
4 GENS Genting Singapore 1.20 1.14 1.26
5 IFAR Indofood Agri Resources 2.20 2.06 2.34
6 CTDM City Development 11.72 11.34 12.10 new setups formed
7 EPIL Epure International 0.72 0.665 0.775 PROFIT – CLOSED at 3.76
8 HYFL Hyflux 3.38 3.24 3.65 3.55 SOLD HALF at 3.69
Current Price at 3.67

Stock Prices last updated at 9.56 (Singapore Time)

Here’s Our Mid Term Holding Opportunities:

  1. OCBC – Buy at 8.84, Stop Loss at 8.14

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