Morning Highlights
Our Focus For Today Is On Commodity Sector
STI went flat to open at 2795.08. It is now heading towards yesterday’s high of 2803.85.
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DBS lookout for 15.32
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OCBC lookout for 8.74
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Ezra broke high of 2.11, to wait for setups
- KeppeLand broke high of 3.18, to wait for setups
News Updates
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Sales of newly built US single-family homes in October rose more than expected to their highest level in a year, data showed on Wednesday, pointing to a stabilizing housing market after a three-year slump.
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US consumer spending rose more than expected in October as incomes increased, data showed on Wednesday, offering some hope at the start of the 4Q for the nascent economic recovery.
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New orders for long-lasting US manufactured goods fell unexpectedly in October, according to government data on Wednesday that reinforced views of a gradual economic recovery from recession.
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 | YAZG | Yangzijiang Shipbuilding | 1.22 | 1.15 | 1.29 | ||
| 2 | FRNM | Fraser & Neave Ltd | 4.03 | 3.90 | 4.16 | ||
| 3 | IFAR | Indofood Agri | 2.01 | 1.92 | 2.10 | ||
| 4 | MIIF | Macquarie International Infrastructure Fund | 0.47 | 0.44 | 0.50 | ||
| 5 | CMAL.SI | CapitaMall Asia | 2.32 | 2.22 | 2.40 | Triggered – Current Price at 2.38 | |
| 6 | NOBG | Noble Group | 2.94 | 2.87 | 2.97 | 3.01 | Triggered – Current Price at 3.06 (small risk) |
Stock Prices last updated at 9.29 (Singapore Time)
