Morning Highlights
Our Focus For Today Is On Property, Mid Cap, Small Cap and Commodity Sector
Singapore Market started easier on Wednesday in light trading as many investors started vacations for the New Year holidays.
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SinoGrandness broke high of 0.45
Corporate Announcements
Keppel Corp has delivered West Vencedor to Seadrill Limited ahead of schedule and within budget, garnering a bonus of $100,000. The completion wraps up a record year of 13 rig deliveries by Keppel FELS, all of them delivered on time and within budget. The company was awarded a total of $2mn for early deliveries of most of these newbuilds.
News Updates:
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US Consumer Confidence Index rises to 52.9 in December – 3 month high.
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Standard & Poor’s/ Case-Shiller Index shows 7.3% Annual drop in home prices from October last year.
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Japan December Manufacturing PMI 53.8 in December, up 1st time in 3 months as shown in a survey, suggesting growth in production will continue due to demand from other Asian countries.
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 | CDLT | CDL Hospitality Trusts | 1.76 | 1.67 | 1.85 | |
| 2 | AEMN | Ascendarsreit | 2.11 | 1.97 | 2.25 | |
| 3 | SCGO | SC Global Development | 1.76 | 1.68 | 1.84 | |
| 4 | E3B | Wee Hur Holdings | 0.59 | 0.545 | 0.635 | |
| 7 | HWHS | Hwa Hong | 0.54 | 0.49 | 0.59 | Overnight, Current Price at 0.58 |
| 8 | IFAR | Indofood Agri Resources | 2.20 | 2.06 | 2.34 | Overnight, Current Price at 2.24 |
| 9 | GENS | Genting Singapore | 1.20 | 1.14 | 1.26 | Overnight, Current Price at 1.28 |
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 9.04 |
| 2 | KLAN | Keppel Land | 3.38 | 3.14 | 3.62 | Overnight, Current Price at 3.47 | |
| 3 | UTOS | UOL Group | 4.06 | 3.20 | 3.74 | 4.92 | Overnight, Current Price at 4.05 |
| 4 | DBSM | DBS Group | 15.48 | 14.34 | 16.96 | ||
| 5 | STEG | Singapore Technologies Engineering | 3.27 | 3.00 | 3.54 | ||
| 6 | IFAR | Indofood Agri Resources | 2.20 | 1.94 | 2.46 | Overnight, Current Price at 2.24 |
Stock Prices last updated at 9:05 (Singapore Time)
