NoticeBoard

Here's daily updates on SGX Warriors...

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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

2009

By sgxwarriors

Morning Highlights

Our Focus For Today Is On Property and China Sector

STI opened positively at 2806.27 lifted by gains in the bank shares. Sentiment was buoyed by Wall Street's overnight strength, after the Dow Jones Industrial Average rose 0.8% for its biggest gain since 1st December this month.

Lookout on Jaya, there is increased in price range and volume.

Corporate Announcements

Noble Group has requested for a trading halt this morning.

Straits Asia Resources entered into a five year club financing facility for US$380m. The facility will be used to refinance an existing US$255m facility, provide additional working capital and funds for Straits Asia’s planned expansion of its coal production.

News Updates:

China reportedly tips 6% export growth in 2010.
The World Trade Organization upheld a ruling Monday that China is illegally restricting imports of U.S. music, movies and books.
Alcoa in US$11b aluminum deal with Saudi Arabia

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	~~GUOC~~	~~Guocoland~~	~~2.24~~	~~2.15~~		~~2.33~~	CANCELLED
2	HWHS	Hwa Hong	0.54	0.49		0.59
3	WPSL	Wheelock Properties	2.05	1.96		2.14
4	GENS	Genting Singapore	1.20	1.14		1.26
5	IFAR	Indofood Agri Resources	2.20	2.06		2.34
6	CTDM	City Development	11.72	11.34		12.10	new setups formed
7	~~EPIL~~	~~Epure International~~	~~0.72~~	~~0.665~~		~~0.775~~	PROFIT - CLOSED at 0.76
8	~~HYFL~~	~~Hyflux~~	~~3.38~~	~~3.24~~	~~3.65~~	~~3.55~~	SOLD HALF at 3.69 SOLD ALL at .363

Stock Prices last updated at 15.29 (Singapore Time)

Here’s Our Mid Term Holding Opportunities:

OCBC – Buy at 8.83, Stop Loss at 8.15 and Take Profit at 9.51 (Triggered, Current Price at 8.94) Trailing SL at 8.36
Keppel Land –Buy at 3.38, Stop Loss at 3.14 and Take Profit at 3.62(Triggered, Current Price at 3.45)

Afternoon Highlights

Index up 1.2% in morning trade and is trading near resistance at 2827.91.

News Updates:

Taiwan and China sign trade agreements amid protests from critics who fear the Taiwanese government's China-friendly policies are opening the door to eventual unification with the mainland.
U.S. insurer AIG has paused its plan for an initial public offering of Chartis Inc, its global property-casualty division, Bloomberg reported.

In Summary

The STI closed up 37.01 points to 2823.82, with 1.2071 billion traded. It seems that China Sector is losing stream, hence, our primarily focus shall be on Property Sector.