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>

Bullish Stocks (Singapore)

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 HWHS Hwa Hong 0.54 0.49 0.59 Triggered, Current Price at 0.585
2 IFAR Indofood Agri Resources 2.20 2.06 2.34 Triggered, Current Price at 2.24
3 CDLT CDL Hospitality Trusts 1.76 1.67 1.85
4 AEMN Ascendarsreit 2.11 1.97 2.25
5 SIAL Singapore Airlines Ltd 14.68 14.48 14.88  
6 SIAE SIA Engineering 3.27 3.21 3.33  
7 GENS Genting Singapore 1.20 1.14 1.26 Overnight, Current Price at 1.27

Here’s Our Mid Term Holding Opportunities:

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 OCBC Overseas Chinese Banking Corp 8.83 8.15 8.36 9.51 Overnight, Current Price at 9.01
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 4.05
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 Triggered, Current Price at 2.24

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.