Morning Highlights

Our Focus For Today Is On Small & Mid Cap

Singapore shares were mixed after a directionless day on Wall Street, with the STI gapped down 14.13 points at 2988.49.

Japanese shares also fell with financials moving lower but sentiment remains rather solid amid encouraging corporate earnings reports in Japan and the U.S.

Corporate Announcements

  1. CapitaMalls Asia announced the establishment of a wholly owned subsidiary, Esposito Investments in the British Virgins Islands.

  2. Neptune Orient Lines announced container shipping volume of 204,400 FRU for the period from 6 March to 2 April 10, up 32% year-on-year higher volumes carried from the Transpacific and Intra-Asia trade lanes.

 News Updates:

  1. South Korea’s economy grew faster than expected in the first quarter as stimulus spending rose, but still weak private-sector activity underlined the market’s view that interest rate policy will stay loose for a while.
  2. The Democrats’ efforts to change how the nation’s banks are regulated received a major setback Monday after Republicans voted unanimously to block the bill from coming up for debate by the full Senate.
  3. The US Federal Reserve is expected to keep ultra-low borrowing rates when it meets on Tuesday and Wednesday, with the need to bolster the economic recovery again trumping inflation concerns.

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 SIAT Singapore Airport Terminal Services Ltd 2.93 2.74 3.12  
2 UTES United Engineers 2.65 2.51 2.79  
3 STAR Starhub Ltd 2.44 2.34 2.54  
4 WPSL Wheelock Properties Ltd 2.13 1.93   2.33  
5 KSTL KS Energy Services Ltd 1.46 1.32   1.60  
6 TRKL Trek 2000 International 0.39 0.34 0.44
7 SCOF Super Coffeemix Manufacturing 0.83 0.78 0.82 0.88 Overnight, Current Price at 0.825
8 SCMN Sembcorp Industries Ltd 4.38 4.33 4.35 4.43 PROFIT – CLOSED at 4.38

Stock Prices last updated at 17.05 (Singapore Time)

Afternoon Highlights

Index going sideways..

News Updates:

  1. Nera Telecoms wins S$16 million IP project from a global telecom operator.
  2. Tripartite puts in top bid of $148 million for a 99 year residential site at Upper Changi.
  3. STATS ChipPAC Ltd reported a net profit of US$27.45 million for the first quarter of 2010, compared to a net loss of US$51.07 million a year ago.
  4. Hong Kong’s exports jumped 32.% in March, official data showed on Tuesday, as shipments returned to pre-financial crisis levels due to a strong rebound in regional trade.
  5. Hong Kong March Trade Deficit At HK$38.9 Billion, Consensus HK$27.8 Billion.

In Summary,

Index down 10.94 points to close at 2991.68, with 1.7568 billion traded.

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