Singapore Stock Market Updates On 28/01/11

Singapore market remains choppy on light volume, ahead of the Chinese New Year celebration.

• Short Term – stay on the sideline.
• Mid Term – Bullish

Please note that the new IPO Sri Trang Agro-Industry PCL has changed listing from today to 31st January 2011. The IPO price has also changed from S$1.60 to S$1.20.

News Updates:

1. The yen weakened after Standard & Poor’s downgraded Japan because the nation lacks a “coherent strategy” to reduce the world’s biggest debt burden. 
2. Japan’s Core Consumer Prices fell 0.4% in December from a year earlier, down for 22 months in a row.
3. American jobless claims increased to 454,000 in the week ended Jan. 22, more than the median economist estimate of 405,000.

Corporate Announcements:

1. Keppel Corp secured a contract worth about US$416 million to construct two harsh environment jackup rigs.
2. Ezra disposed approximately 51% in Intan Offshore Sdn Bhd to Perisai Petroleum Teknologi Bhd.

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)

Stock Prices last updated at 14:53 (Singapore Time)