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>

Bullish Stocks (Singapore)

Symbol

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 Triggered, Current Price at 2.22
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 0.320
11 HWHS Hwa Hong 0.54 0.49 0.59 Overnight, Current Price at 0.580
12 IFAR Indofood Agri Resources 2.20 2.06 2.34 Overnight, Current Price at 2.34

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 9.09
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 14.40 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 2.34
7 NOBL Noble Group 3.29 2.95 3.63  

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!! ^_^