Morning Highlights

There Are No Quick Picks For Today

Singapore market started little changed, with STI up 7.13 points to open at 2756.28.

  • Sembcorp Marine resistance at 3.75 (Short at 3.72, Stop Loss at 3.78 and Take profit at 3.66 (small risk) – Overnight, Current Price at 3.67
  • Genting broke down 0.9

Corporate Announcements

  • Tiger Airways reported 3Q09 net profit of S$14.1 million, after providing for $7.2 million of IPO-related expenses. Operating profit was $23.5 million, versus a loss of $5.1 million for the same quarter last year.
  • Yanlord announced FY09 net profit of S$325.4 million, up 44.1% Year-on-Year

News Updates 

  1. Japan CPI falls 1.3% yr/yr in January; Jan industrial output rises 2.5% mth/mth; Jan retail sales rise 2.6% year/year.
  2. Malaysia Stock Market closed for holiday, Prophet Mohammed’s birthday public holiday. Trading will resume on Monday.
  3. U.S. stocks fell, after a late-day rally in the Standard & Poor’s 500 Index failed to erase losses, as Moody’s Investors Service said it may downgrade Greek debt and reports on jobs and manufacturing orders trailed forecasts.
  4. U.S. Weekly Jobless Claims rise, sixth increase in 2010’s first eight weeks‏.
  5. U.S. durable-goods orders rise 3%, fueled by aircraft deals‏.
  6. Fed chief Bernanke reveals the central bank is examining the role Goldman played in Greek debt crisis.
  7. Coca-Cola Co., the world’s largest soda maker, lost 3.7% after agreeing to buy Coca-Cola Enterprises Inc.’s North American bottling division.
  8. Gap Inc. shares rose after the clothing retailer issued a better-than-expected outlook and plans to buy back an additional $1 billion in stock, and increased its annual dividend by 18% to 40 cents a share.

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