Morning Highlights
Our Focus For Today Is On Property, Mid Cap, Industrial and REITs Sector
Stocks nudge slightly higher with the key STI up 5.11 points to open at 2860.79. Volume is expected to be low this week, with many investors still on vacation or waiting until the new year to make major market moves.
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Lookout for Oceanus, stock broke high of 0.40 yesterday.
News Updates:
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Midas’ JV company Nanjing SR Puzhen Rail Transport secures a RMB1.56bn contract to supply 32 metro train sets for the Pearl River Delta Inter-City Train Project (Dongguan – Shenzhen Section) and Dongguan – Huizhou Inter-City Train Project. Delivery of the train cars is expected to commence in the second half of 2011 and completed by end of 2013.
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Keppel Land, through its fully-owned subsidiary Da Di Investment, has acquired a 30.3 ha site in Shenyang, China, for 884 million yuan (S$180 million).
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Mapletree Logistics Trust has signed a conditional sale and purchase agreement to buy a warehouse in Japan for about S$68 million (JPY4.36 billion).
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IFS Capital Limited said on Monday that its subsidiary, IFS Capital (Thailand) Public Company Limited, has submitted its application to the Securities Exchange Commission in Thailand to list its shares on the Stock Exchange of Thailand.
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OCBC on Monday said it has invested RMB60 million for a 19.99% stake in South China Trust Co., Ltd (SCTCL). OCBC subscribed for 60 million shares in SCTCL at a price of RMB1 per share, hence, the total consideration for the share subscription is RMB60 million, or S$12.2 million (US$8.7 million)
Other News Updates:
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U.S. stock indexes eke out a sixth straight gain, aided by a hope-inspiring MasterCard report on holiday retail spending.
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U.S. Federal Reserve’s policy board said to propose setting up a a term deposit facility that could be used to drain funds as part of an exit strategy from its massive easing measures taken in response to the financial crisis. (Market Watch)
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 |
|
| 2 | HWHS | Hwa Hong | 0.54 | 0.49 | 0.59 | |
| 4 | IFAR | Indofood Agri Resources | 2.20 | 2.06 | 2.34 | |
| 5 | CDLT | CDL Hospitality Trusts | 1.76 | 1.67 | 1.85 | |
| 6 | AEMN | Ascendarsreit | 2.11 | 1.97 | 2.25 | |
| 9 | SIAL | Singapore Airlines Ltd | 14.68 | 14.48 | 14.88 | |
| 10 | SIAE | SIA Engineering | 3.27 | 3.21 | 3.33 | |
| 11 | GENS | Genting Singapore | 1.20 | 1.14 | 1.26 | Overnight, Current Price at 1.24 |
Here’s Our Mid Term Holding Opportunities:
|
Symbol |
Name |
Entry |
SL |
TSL |
TP |
Remarks |
|
| 1 | OCBC | Overseas Chinese Banking Corp | 8.83 | 8.15 | 8.36 | 9.51 | Overnight, Current Price at 9.01 |
| 2 | KLAN | Keppel Land | 3.38 | 3.14 | 3.62 | Overnight, Current Price at 3.52 | |
| 3 | UTOS | UOL Group | 4.06 | 3.20 | 4.92 | Overnight, Current Price at 4.04 | |
| 4 | DBSM | DBS Group | 15.48 | 14.34 | 16.96 | ||
| 5 | STEG | Singapore Technologies Engineering | 3.27 | 3.00 | 3.54 |
Stock Prices last updated at 9:11 (Singapore Time)
