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. 

• Lookout for Design Studio and Ascendas India Trust
• STE said on Thursday that VT iDirect, inc.  has bought all of Parallel Limited for about S$9 million in cash.
• BRC says unaware of reason for the trading activity on Wednesday

News Updates:

1. 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.

2. 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.

3. 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)

4. Russian aluminum giant UC Rusal, world’s largest aluminum producer plans to raise up to $2.59 billion through its Hong Kong IPO after setting a price range for the share sale Thursday, according to filing with the Hong Kong Stock Exchange. It plans to sell 1.61 billion shares at range of HKD9.10 to HKD12.50. Rusal is slated to price the shares Jan. 22, with their trading on the Hong Kong Stock Exchange beginning Jan. 27.

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.  <The Quick Picks referred herein contain overnight positions from Yesterday>

Here’s Our Mid Term Holding Opportunities:

Stock Prices last updated at 12:35 (Singapore Time)

In Summary,

Index closed up 17.86 points at 2897.62, with 1.1480 billion traded. Considerably good volume since is only half day trading.

We are near a psychological barrier of 2900. We’ll keep a lookout for this.

Last but not least, we intend to take  half profit should Indofood Agri falls to 2.31. For conservative traders, we have attained our first level profiting taking at 2.34 for short term holding.

Happy New Year!! ^_^

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.

We are focusing more on Small Cap. Commodity is fairly strong but do avoid Olam as this stock has suffered quite steep pullback from its previous high of 2.84 to 2.54. Moreover, the moving averages are also pointing down. Hence, it is likely for Olam to consolidate further till a breakthrough at 2.84.

• SinoGrandness broke high of 0.45
• Anwell broke high of 0.725

New Trade Opportunity with Noble. Refer to Mid Term Quick Pick 7.

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:

1. US Consumer Confidence Index rises to 52.9 in December – 3 month high.Consumers more confident about economy's prospects: Conference Board‏

2. Standard & Poor’s/ Case-Shiller Index shows 7.3% Annual drop in home prices from October last year.

3. 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.

4. Japan's government unveiled a long-term strategy on Wednesday aiming for real GDP growth averaging over 2% in the next decade by creating new demand in sectors such as the environment, health and tourism.

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.  <The Quick Picks referred herein contain overnight positions from Yesterday>

Here’s Our Mid Term Holding Opportunities:

Stock Prices last updated at 17:05 (Singapore Time)

Afternoon Highlights

The market goes choppy and only starts moving higher after 15:45.

• Lookout for Otto Marine
• Trump Dragon broke high of 0.77
• Hock Lian Seng clear 0.305 high (Refer to Short Term Quick Pick 6)
• New Trade Opportunity for Hi-P. Refer to Short Term Quick Pick 5
• DBS broke high of 15.32

News Updates:

1. Consumers more confident about economy's prospects: Conference Board‏

In Summary,

Index closed in green at 2879.76, up 10 points, with 1.7572 billion traded. Volume has increased, which indicates good sign, outlook is bullish.

The strong Small Caps are Wee hur, HIP, Otto Marine, Oceanus, OSIM,Trump Dragon, Mermaid, Swiber and CWT.

Here is a list of companies that lodged prospectus: Tiger Airway, Debao Property, Ryobi Kiso, Sin Heng Heavy Machinery and Qingmei Group (For more info)

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.

• Lookout for Oceanus, stock broke high of 0.40 yesterday.
• CWT broke high of 0.76
• lookout for Swiber 

News Updates:

1. 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.

2. 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).

3. 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).

4. 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.

5. 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:

1. U.S. stock indexes eke out a sixth straight gain, aided by a hope-inspiring MasterCard report on holiday retail spending.
2. 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.  <The Quick Picks referred herein contain overnight positions from Yesterday>

Here’s Our Mid Term Holding Opportunities:

Stock Prices last updated at 17:05 (Singapore Time)

Afternoon Highlights

STI went sideways during the morning and started going higher in the afternoon session. Lookout for Commodity Sector

• Superior Fastening pays $3m to OCBC Capital
• Swiber secures US$75m job
• SGX queries Delong after share price falls sharply

News Updates:

1. Hong Kong November Retail Sales Volume Rise 9.8% Annually verses 8.3% last month; Retails Sales Value Up 11.7% on Year.

2. Chief Executive Donald Tsang sees Double Dip in Hong Kong’s economy by the middle of 2010, but commented that the economy has adequate strength to cope with such adverse situations.

3. China’s Auditors say $34.4 billion public funds misused in first 11 months of 2009, state media reported Tuesday.

In Summary,

STI ended the day up 14.08 points to 2869.76 with 1.6744 billion traded.

Morning Highlights

Our Focus For Today Is On Property, Mid Cap, Industrial and REITs Sector

The STI broke a new 2009 high to open up at 2845.16 and continues to go higher.

• SIA broke high of 14.50
• New Mid Term trade opportunity for ST Engineering

Singapore will release the advance GDP estimates for the 4Q on Jan 4, the Ministry of Trade and Industry said on Monday. (Business Times)

News Updates:

1. Weekly U.S. initial jobless claims drop to 452,000, down 28,000

2. U.S. Consumer Confidence Index and U.S. Case-Shiller Home Price Index out on Tuesday 28/12/09

3. The government-affiliated body charged with the rescue of struggling carrier Japan Airlines has proposed a rehabilitation plan that includes possible bankruptcy proceedings, according to a Nikkei report.‏

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.  <The Quick Picks referred herein contain overnight positions from Last Week>

Here’s Our Mid Term Holding Opportunities:

Stock Prices last updated at 17:05 (Singapore Time)

Afternoon Highlights

Singapore Stock Market is holding well on gains into the afternoon session.

• New Trade Opportunity for SIA. Refer to Quick Pick 9
• New Trade Opportunity for SIAE. Refer to Quick Pick 10

Visitor arrivals in Singapore rose 8.4% in November from a year earlier, the highest growth for 2009, the Singapore Tourism Board said on Monday. (Business Times)

News Updates:

1. Japan’s Industrial Output rose for a ninth straight month in November, according to data issued Monday. The Ministry of Economy, Trade and Industry's industrial production index rose 2.6% from October to a seasonally adjusted 88.3, beating a 2.4% forecasted rise from a survey reported by Reuters
2. RBS reportedly to sell about $4.8 billion worth of assets in coming months, with its Far East banking and retail operations expected to be among the first to secure a buyer.

In Summary

STI close up 17.98 points to 2855.68, with 1.2255 billion traded. We expect market to be quiet in this short week holiday season, till next year.

Morning Highlights

Our Focus For Today Is On Property Sector

Singapore Market dip a little at open. We expect to see little changes in today’s session and with very light volume. Please do note that trading is half day till 12:30.

• Lookout for DBS (New Trade Entry at Mid Term Holding)

1. U.S. Nov new home sales fall 11.3% to 355,000 rate

2. U.S. Nov. new home inventory falls 2.1% to 235,000; lowest in 38 years

3. U.S. personal incomes up 0.4% in November, underscore slow rebound in labor markets‏

4. Japan to tip fiscal 2010 growth at 1.4%

5. Japan Q4 All Industries Business Conditions Index Down 1.9% On Quarter Vs. 0.3% Fall In Q3

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.  <The Quick Picks referred herein contain overnight positions from Yesterday>

Here’s Our Mid Term Holding Opportunities:

Stock Prices last updated at 12:35 (Singapore Time)

In Summary,

Index closed at 2837.70, down  3.86 points with 519.2 million traded.