Our Primarily Focus for Today is on REIT…

Morning Highlights

STI gapped up and opened at 2,651.97. Subsequently it slipped and fell sharp to 2,638.18, which was near to yesterday’s close. It  recovered from the drop almost immediately and starts trading between 2640.99 – 2667.82. High chance that the STI might oscillate between this range.

On Monday, Singapore Government’s intervention in preventing escalating property prices resulted in the sell-down of property stocks. Currently the Property Sector isn’t doing that well, especially after the announcement.

REIT is still holding well. We can see that the REIT stocks display a higher chance of upward momentum and therefore, remain as our top priority as of now. Among the Quick Picks, CapitaCommercial, Ascott Reit and Hiap Seng are the more favourable stocks.

Please note that despite the pending order has triggered for CapitaMall, we did not enter the trade. We chose to wait for entry to CapitaCommercial due to higher price movement.

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 MRNG MediaRing Ltd 0.28 0.22 0.34 To enter as Market Order
2 CACT CapitaCommercial Trust 1.04 0.97 1.11

3 BENK Beng Kuan Marine 0.365 0.31 0.42
4 SPRM Singapore Press Holdings Ltd 3.89 3.79 3.99 CANCELLED
5 NOBG Noble Group Ltd 1.99 1.82 2.16 Trading Halt
6 YAZG Yangzijiang Shipbuilding 1.08 1.01 1.15 CANCELLED
7 MCPP Marco Polo 0.465 0.425 0.505 Triggered –Current Price at 0.475
8 HSEN Hiap Seng Engineering 0.7 0.64 0.76
9 CMLT CapitaMall Trust 1.77 1.69 1.85 Triggered but we did not trade this counter.
Current Price is at 1.77
10 HKLD HongKong Land 4.27 4.05 4.49
11 People Food 0.83 0.745 0.915
12 AEMN Ascott Reit 0.985 0.92 1.05  

Stock Prices last updated at 11.35 (Singapore Time)

Afternoon Highlights

Please do take note that we have cancelled the pending orders for NOBLE, Singapore Press Holding and Yangzijiang. Once again, due to market uncertainty, traders are advised to stay on the sidelines, otherwise, to enter trades with small risk.

The Singapore Market ended low at 2638.40 despite the rise during the afternoon’s trading.

Winquote - pdfMachine from Broadgun Software, http://pdfmachine.com, a great PDF writer utility! If ever the index trade low at 2631.48, it is likely to test the support at 2618.99.

Quote of the Day

“Only when the tide goes out do you discover who's been swimming naked.” –Warren Buffett