Morning Highlights

STI opened flat at 2929.14. Investors are focusing on Friday’s crucial nonfarm payrolls for March, which is expected to produce a strong result.

  • Osim broke high of 0.92
  • KS Energy broke high of 1.35
  • United Engineer broke high of  2.25
  • Lookout for Mencast (Small Cap), it is trading high volume with good price range.

 Singapore News Updates:

  1. A new index set up to track residential property prices shows that prices of non-landed private homes held steady in February.
  2. Singapore’s manufactured products price index jumped 6.6% year-on-year in February, slowing from the 6.8 percent increase in the previous month, the Department of Statistics reported on Monday

 News Updates:

  1. U.S. Consumer Spending edges up, with incomes flat; dollar, Treasury under pressure.
  2. U.S. stocks rise with hopes for global economy; Dow industrials up as much as 50 points.
  3. U.S. stock indexes close higher Monday; energy is day’s standout sector.
  4. Malaysia’s AirAsia, Asia’s largest budget carrier, is on track for double-digit passenger growth this year and sees an increase in passenger load on strong regional travel demand.
  5. Japan Unemployment Rate 4.9% In February.

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 UOBH United Overseas Bank 19.70 19.06 20.34 Broke out but not entered due to weak sentiment
2 MIIF Macquarie International Infrastructure Fund 0.585 0.535 0.635 Cancelled
3 DBSM DBS Group Holdings 14.76 14.34 15.18
4 PARM Parkway Holdings 3.48 3.34 3.62  
5 KPLM Keppel Corp 9.27 9.02 9.52 PROFIT – CLOSED at 9.32
6 SCMN Sembcorp Marine 4.14 3.93 4.35 PROFIT – CLOSED at 4.24
7 SCIL Sembcorp Industries 4.13 4.06 4.20 PROFIT – CLOSED at 4.14

Stock Prices last updated at 17.05 (Singapore Time)

Afternoon Highlights

Index is flat…

  1. Fortune Real Estate Investment Trust said on Tuesday that its units are expected to trade on the main board of The Stock Exchange of Hong Kong Limited on April 20, 2010.
  2. Gindalbie inks US$65 billion iron deal with China’s Ansteel
  3. Watch out for China Aviation Oil. The stock broke high of 1.32 with high volume and good price range. Another stock to lookout for is Hengxin.

In Summary,

Index started to trade higher from 15:00 onwards, eventually ended the session by slight positive 4.25 points to close at 2933.39, with 1.4382 billion traded.

Our focus is more on China Sector, particularly to these 2 stocks China Aviation Oil and China XLX. Hengxin has run quite a lot, it might go sideway soon.

  • Hong Kong February Retail Sales Volume Rises 31.5% On Year, Consensus 31.7% Growth

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