Singapore Stock Market Updates On 28/12/09
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:
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Weekly U.S. initial jobless claims drop to 452,000, down 28,000
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U.S. Consumer Confidence Index and U.S. Case-Shiller Home Price Index out on Tuesday 28/12/09
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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>
Bullish Stocks (Singapore)
| Symbol | Name | Entry | SL | TSL | TP | Remarks | |
| 1 | SIAT | Singapore Airport Terminal Services | 2.66 | 2.55 | 2.77 | NOT ENTERED, beware of resistance at 2.72 | |
| 2 | HWHS | Hwa Hong | 0.54 | 0.49 | 0.59 | ||
| 3 | GENS | Genting Singapore | 1.20 | 1.14 | 1.26 | Triggered, Current Price at 1.24 | |
| 4 | IFAR | Indofood Agri Resources | 2.20 | 2.06 | 2.34 | ||
| 5 | CDLT | CDL Hospitality Trusts | 1.76 | 1.67 | 1.85 | ||
| 6 | AEMN | Ascendarsreit | 2.11 | 1.97 | 2.25 | ||
| 7 | STTS | Stats ChipPAC | 1.01 | 0.945 | 1.08 | ||
| 8 | CANCELLED | ||||||
| 9 | SIAL | Singapore Airlines Ltd | 14.68 | 14.48 | 14.88 | ||
| 10 | SIAE | SIA Engineering | 3.27 | 3.21 | 3.33 | ||
| 11 | LOSS – CLOSED at 2.04 (new setups formed) |
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 9.0 |
| 2 | KLAN | Keppel Land | 3.38 | 3.14 | 3.62 | Overnight, Current Price at 3.51 | |
| 3 | UTOS | UOL Group | 4.06 | 3.20 | 4.92 | Triggered, 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 |
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:
- 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
- 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.
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