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)

News Updates:

  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>

Bullish Stocks (Singapore)

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 HWHS Hwa Hong 0.54 0.49 0.59
2 WPSL Wheelock Properties 2.05 1.96 2.14 Overnight, Current Price at 2.06
3 GENS Genting Singapore 1.20 1.14 1.26
4 IFAR Indofood Agri Resources 2.20 2.06 2.34
5 SIAT Singapore Airport Terminal Services 2.66 2.55 2.77
6 CDLT CDL Hospitality Trusts 1.76 1.67 1.85  
7 Hock Lian Seng 0.31 0.275 0.345  

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 8.92
2 KLAN Keppel Land 3.38 3.14 3.62 Overnight, Current Price at 3.47
3 UTOS UOL Group 4.06 3.20 4.92  
4 DBSM DBS Group 15.48 14.34 16.96  

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.