Morning Highlights

Market is Drifting, No Sector In Focus Yet

We don’t see any big actions among the Sectors or Individual Shares at the moment. Will have to wait and observe further for directions… (update: 9:30)

United Envirotech trading halt will be lifted at 10:45. The Company announced today, 24th September 2009, that one of its subsidiaries is currently participating in the tender for the project in Guangdong, estimated contract size is approximately S$50 million. (Read More)

Here is a list of STOCKS that breakouts today,

  • Synear Food Holdings broke  high of 0.365 - wait for setups
  • Hiap Seng broke high of 0.695 - wait for setups
  • Mapletree Logistics Trust broke high of 0.76 - wait for setups
  • Asia Food broke high of 0.44 – to wait for setups

News Updates: (source from MSNBC)

Please note that QUICK PICK 8 is supposed to be Financial One Corp (FNON.SI), Stock Exchange of Singapore

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 INTK Innotek Ltd 0.505 0.445 0.565
2 SUNT Suntec REIT 1.15 1.07 1.23  
3 CMIT Cambridge Industrial Trust 0.48 0.45 0.51
4 EZRA Ezra Holdings Ltd 2.06 1.95 2.17 Triggered – Current Price at 2.02
5 AEMN Ascendas REIT 1.95 1.79 2.11
6 CDLT CDL Hospitality Trusts 1.54 1.47 1.61
7 FEGL Falcon Energy Group Ltd 0.965 0.86 1.07
8 FNON.SI Financial One Corp 0.42 0.34 0.374 0.50 Triggered – Current Price at 0.475
9 FJBN FJ Benjamin Holdings Ltd 0.365 0.325 0.405  
10 SINW Sinwa Ltd 0.495 0.44 0.55
11 ASRT Ascott Residence Trust 1.02 0.99 1.05  
12 BENK Beng Kuang Marine 0.365 0.31 0.42 Overnight – Current Price at 0.385
13 HBEE Ho Bee Investment 1.60 1.34   1.86 To enter as Market Order
14 SITT Sinotel Technologies Ltd 0.725 0.66 0.79 Overnight – Current Price at 0.71
15 OKPH OKP Holdings Ltd 0.80 0.72 0.74 0.88 Overnight – Current Price at 0.96
16 KPLM Keppel Corp Ltd 8.28 7.90   8.66 Overnight - Current Price at 8.33
17 DESS Design Studio 0.595 0.525 0.565 0.665 PROFIT – CLOSED at 0.60
18 UNIT United Envirotech Ltd 0.32 0.27 0.40 0.37 PROFIT – CLOSED at 0.425
19 DMXT DMX Technologies Group Ltd 0.53 0.45 0.61 Overnight – Current Price at 0.515

Stock Prices last updated at 17.12 (Singapore Time)

Afternoon Highlights

Beng Kuang and Ezra are still holding well despite market eased back 21.28points to 2664.66  at the morning trading session. Likely that the OIL & GAS Sector is holding; to pay close attention to Falcon Energy…

Note: Falcon Energy is trading at historical high. To wait for setups before entry. Meanwhile, Sinomem touched high of 0.68 and Hyflux touched high of 3.06.

Do lookout for China Related Stocks!

OKP shows signs of topping out… closed position for Design Studio as new setups formed.

In Summary

Singapore Market is likely to be choppy. Index breakdown the support at 2661.39 but is redeemed shortly and closed at 2667.43.

Winquote - pdfMachine from Broadgun Software, http://pdfmachine.com, a great PDF writer utility! The support range is between 2661.39 - 2676.05.

Market Outlook remains fairly optimistic. High chance that we will see index move up substantially and breach 2700 points.

Last but not least, Wilmar and Noble (from the Commodity Sector) look promising for a ride. Do watch out for these 2 stocks too.