Morning Highlights
There Are No Quick Picks For Today
Singapore market eased in opening trade on Tuesday, pressured by weakness in U.S. stocks as traders took in profits following gains in the major indexes in four of the last five trading sessions.
U.S equity markets fell for the first time in five days as lower natural gas and metal prices dragged down commodity shares, overshadowing gains in banks on speculation the Federal Reserve will leave interest rates at a record low…
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Sembmarine broke high of 3.52, to wait for setups
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Genting is likely to drift sideways, support seen at 0.90
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Trade opportunity with OSIM, to Buy at 0.72, Stop Loss at 0.695 and Take Profit at 0.745 (Small Risk) – Triggered, Current Price at 0.715
Corporate Announcements
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Sembcorp Marine announced that its FY09 PATMI increased by 63% Year-on-Year (YoY) to $700.1mn, the highest ever achieved. 4Q09 PATMI was at $297.2mn, 328% YoY.
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Cosco announced FY09 net profit of S$110.1mn, down 64% YoY.
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Yangzijiang announced FY09 net profit of RMB2.3bn, up 45% YoY.
News Updates
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Obama unveils health proposal aimed at increasing coverage, competition and accountability.
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U.S. stocks finish lower, pressured by energy; Dow halts four-session win streak.
