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It hasn’t been a smooth sailing period for us. Indeed, we suffered from the uncertainties and have yet to fully recover from the drawdown.

Life is not a bed of roses. Everyone has barriers and obstacles, and indeed, the journey of investment is full of hurdles. Nonetheless, we take setbacks in our stride…

“Real optimism is aware of problems but recognizes solutions,; knows about difficulties but believes they can be overcome; see the negatives, but accentuates the positives; is exposed to the worst but expects the best; has reason to complain, but chooses to smile.” - Quoted from William Arthur Ward

Singapore Stock Market Updates On 21/12/09

By sgxwarriors

Morning Highlights

Our Focus For Today Is On Property and China Sector

Singapore market started the week with little changed, opened up 4.28 points at 2806.87. Index experienced a pullback earlier and is now drifting sideways.

Lookout for C & G, SC Gobal and Straits Asia.
Hock Lian Seng opened at 0.28
Keppel Land broke high of 3.34, to wait for setups
Healthcare Sector is weak
REITs sector resilient but poor performance

We have an open position on Hyflux, which we Bought at 3.38, Stop Loss at 3.24 and Take Profit at 3.52. Current the stock is doing a runaway, now trading at 3.55. There is a resistance at 3.72. (SOLD HALF at 3.69, TRAIL rest at 3.65 – update as 15:30)

Corporate Announcements

Yanlord signed a 3-year syndicated term loan of US$400m – the largest syndicated loan to date for a non-state-owned PRC property developer – to fund its expansion initiatives and working capital purposes. The loan is also to refinance the outstanding amount of the US$200m loan dated 7 Nov 2007.

News Updates:

HSBC Holding HBC is planning to list on the Shanghai stock exchange with a GBP5 billion share offer to Chinese investors, the Observer said Sunday.
Terra Firma Capital Corp is set to inject millions of pounds into troubled music group EMI Group PLC to avoid breaching covenants and losing control to Citigroup, The Sunday Telegraph said.
International bankers are scheduled to meet on Monday with Dubai officials to discuss Dubai World's effort to reach a standstill agreement on its billions of dollars of debt.
Japan's exports fell 6.2% in November from a year earlier, Ministry of Finance data showed on Monday, slightly less than economists' median forecast for a 6.5% fall. Japan's November trade surplus widens to $4.14 billion; November imports down 16.8% from year ago.

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	GUOC	Guocoland	2.24	2.15		2.33
2		Q & M Dental Group	0.405	0.35		0.46	touches 0.405 Sector is weak
3	HWHS	Hwa Hong	0.54	0.49		0.59
5	FRNM	Fraser & Neave	4.19	4.03		4.33
6	WPSL	Wheelock Properties	2.05	1.96		2.14
7	GENS	Genting Singapore	1.20	1.14		1.26
8	SWBR	Swiber Holdings	0.995	0.95		1.04
9	IFAR	Indofood Agri Resources	2.20	2.06		2.34
10	BIOS	Biosensors International	0.81	0.755		0.865	Sector is weak
11	~~CTDM~~	~~City Development~~	~~11.06~~	~~10.46~~		~~11.66~~	PROFIT – CLOSED at 11.46
12	EPIL	Epure International	0.72	0.665		0.775	Overnight – Current Price at 0.775

Stock Prices last updated at 17.54 (Singapore Time)

Afternoon Highlights

The STI continues to drift slowly in the afternoon session so far.

The Asian shares were mixed today in subdued holiday-thinned trade with Hong Kong and China weighed by worries over further property market cooling measures, but the Australian market was rising on gains in resource stocks. (MarketWatch)

Tiger Airways Holdings said on Monday that it has lodged its preliminary prospectus with the MAS on Dec 21, 2009 in connection with a proposed listing on the main board of the Singapore Exchange.

News Updates:

The London Stock Exchange on Monday announced a deal to take over its loss-making rival Turquoise, creating a new pan-European trading platform.
Spot gold was at $1,116.02 per troy ounce, up $3.62 from the New York finish.
Senate health-care bill clears procedural hurdle.
Sovereign wealth fund China Investment Corp is expected to receive another injection of capital from the country's foreign-exchange reserves in the coming months, according to a report citing unnamed government officials and people familiar with the fund. (Read More)
Singapore Airlines (SIA) and state investor Temasek Holding will not be divesting their Tiger Airways shares during the budget carrier's upcoming initial public offering, according to a draft prospectus filed on Monday. (Business Times)