Morning Highlights
Our Focus For Today Is On Small Cap, Followed By Property, Mid Cap and Commodity Sector
The Market started weak as led by Blue Chips; STI opened lower at 2863.46. Local market is trading half day till 12:30 today, whereas Japanese financial markets are closed on today and Friday for the New Year’s holiday period.
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Lookout for Design Studio
News Updates:
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Dow industrials hits their highest close in 15 months, as key indexes notch their seventh gain in eight sessions. Nasdaq closes at its highest level since Sept. 3, 2008.
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GMAC Financial Services said Wednesday that it will get $3.79 billion from the Treasury Department as part of its plan to strengthen the company’s capital base.
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The share of global foreign exchange reserves held in U.S. dollars declined in the 3Q of 2009 even as overall world reserves swelled to a record $7.5 trillion, International Monetary Fund data showed on Wednesday . (Reuters)
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 | |
| 5 | HIPI | Hi-P International | 0.745 | 0.71 | 0.78 | |
| 6 | OTTO | Otto Marine Ltd | 0.425 | 0.375 | 0.475 | |
| 7 | COSC | Cosco Corp Singapore | 1.23 | 1.13 | 1.33 | |
| 8 | OSIL | OSIM International | 0.545 | 0.505 | 0.585 | |
| 9 | TIAN | Tianjin Zhong Xin Pharmaceutical Group | 1.09 | 1.02 | 1.16 | |
| 10 | Hock Lian Seng | 0.315 | 0.285 | 0.345 | Overnight, Current Price at 0.325 | |
| 11 | HWHS | Hwa Hong | 0.54 | 0.49 | 0.59 | Overnight, Current Price at 0.585 |
| 12 | IFAR | Indofood Agri Resources | 2.20 | 2.06 | 2.34 | Overnight, Current Price at 2.27 |
Here’s Our Mid Term Holding Opportunities:
|
Symbol |
Name |
Entry |
SL |
TSL |
TP |
Remarks |
|
| 1 | OCBC | Overseas Chinese Banking Corp | 8.83 | 8.15 | 8.55 | 9.51 | Overnight, Current Price at 9.03 |
| 2 | KLAN | Keppel Land | 3.38 | 3.14 | 3.62 | Overnight, Current Price at 3.50 | |
| 3 | UTOS | UOL Group | 4.06 | 3.20 | 3.74 | 4.92 | Overnight, Current Price at 4.07 |
| 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 2.27 | |
| 7 | NOBL | Noble Group | 3.29 | 2.95 | 3.63 |
Stock Prices last updated at 9:07 (Singapore Time)
