Singapore Stock Market Updates On 07/12/10

There Are No Quick Picks For Today!

Singapore market opened slightly lower, with STI down 4.14 points to 3177.27.

• Citi starts Yanlord at 'buy', target $2.38
• OCBC ups Venture target to $12.10, keeps 'buy'

Watch Out For Economic News Today

1. U.S IBD/TIPP Economic Optimism (Dec) 

1. NOL announced its shipping operating performance for the four weeks (Period 11) from 16 October to 12 November. Volumes in FEU terms rose 6% YoY and are up 23% YTD. Average revenue per FEU is up 25% YoY and 22% YTD.
2. Keppel Land said it is expecting to book a larger profit of approximately S$394 million from its Marina Bay divestment, following a positive advance ruling from the tax authorities. Keppel Land is divesting one third of its stake in Marina Bay Financial Centre Towers 1 & 2 to K-REIT

News Updates:

1. Federal Reserve Chairman Ben S. Bernanke said the central bank may boost purchases of U.S. debt.
2. Germany rejected calls to increase the European Union's 750 billion-euro ($1 trillion) aid fund or introduce joint bond sales, signalling its refusal to bear extra costs to stamp out the debt crisis

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>

Our Mid Terms Holdings : Bullish Stocks (Singapore)

Stock Prices last updated at 09:50 (Singapore Time)