Morning Highlights

STI Edges Up To Open At 2756.07 Despite Losses In the U.S. and continue to trade higher in the morning session.

Singapore's central bank lifted its 2010 inflation forecast to between 2.5% and 3.5% on Thursday and said it was carefully watching property and asset prices, though it saw no significant change in underlying price pressures.

Sembcorp broke high of 3.56, to wait for setup

The price of gold soared past US$1,150 per ounce here on Wednesday for the first time in history, buoyed by the weak US currency and central bank purchases of the precious metal, analysts said.

New US housing in October unexpectedly fell to their lowest level in six months, dropped 30.7% as compared to October last year. The drop is weighed down by a sharp decline in construction activity for both single-family and multi-family dwellings, a government report showed on Wednesday.

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. 

Bullish Stocks (Singapore)

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 UOBH United Overseas Bank 19.96 18.94 20.98  
2 DBSM DBS Group 14.88 14.50   15.26  
3 BIOS Biosensors International 0.75 0.71 0.79
4 YAZG Yangzijiang Shipbuilding 1.19 1.06 1.49
5 CEGL China Essence 0.32 0.25 0.39 china stocks, small risk
6 SUNT Suntec REIT 1.38 1.27 1.49  

Stock Prices last updated at 9.35 (Singapore Time)

Here’s Our Mid Term Holding Opportunities for property shares.

  1. Allgreen Properties – Buy at 1.21, Stop Loss at 1.04
  2. City Development – Buy at 10.50, Stop Loss at 9.55
  3. Wing Tai Holdings – Buy at 1.75, Stop Loss at 1.55
  4. Ezra – Buy at 2.08, Stop Loss at 1.66