Morning Highlights

There Are No Quick Picks For Today!

Singapore shares dipped further, with STI opened at 3014.11. We will continue to stand at the sideline till further notice. 

  • Genting Singapore fell as much as 4% to over a four-month low after it reported quarterly earnings that were slightly below expectations.
  • Singapore January CPI up 5.5%, fastest pace in two years, fuelling expectations that the MAS could act to dampen further price increases this year.

News Updates:

  1. U.S. equities declined after the S&P/Case-Shiller index of home values in 20 cities fell 2.4% in December from the same month in 2009, the biggest 12-month decrease in a year.

Corporate Announcements:

  1. Genting reported FY10 net profit of $37.7mn compared to a $277.6 million loss last year.
  2. Cosco reported a 126% year-on-year increase in FY10 net profit to $248.8 million.
  3. SGX and Nasdaq OMX Group will offer a suite of tools and solutions to enhance corporate activities for listed companies in Asia.

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.

Our Mid Terms Holdings : Bullish Stocks (Singapore)

 

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 KPLD Keppel Land 4.19 3.95 Overnight, Current Price at 4.03(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.24
(Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   Overnight, Current Price at 2.35 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.15
(Entered 29.12.10)

Stock Prices last updated at 10:05 (Singapore Time)

LphyKXZ85TM