Morning Highlights

Our Focus For Today Is On Small Cap and Property Sector

Singapore Shares start 2010 soft, with the STI opens at 2891.35.

Singapore Q4 GDP is down as output in the biomedical manufacturing and transport engineering sectors have slowed down. On a year-on-year basis, the economy grew 3.5%. (Business Times) 

  • New Trade Opportunity for Q&M, refer to short term Quick Pick 17
  • New Trade Opportunity for Ho Bee, refer to short term Quick Pick 18

  • Biosensor broke high of 0.805

U.S stocks saw a subdued finish to the year on the last day of 2009, diving in the last half hour. The S&P 500 slipped 1% to 1,115.10, paring its 2009 gain to 23%, the biggest advance since it climbed 26% in 2003. The DJIA also fell 1% to 10,428.05, lowering its yearly increase to 19%. 

Corporate Announcements
Keppel Corp’s 50% JV Sino-Singapore Tianjin Eco-City has signed an agreement with Farglory Land Beijing to develop an integrated eco community at Tianjin Eco-City in China. The RMB $13bn project will be fully completed in 2014.

News Updates:

  1. The Indian economy will expand 8% in 2010/11 after growing between 7% and 7.5% in the current fiscal year to end-March, The Times of India reported on Saturday, quoting the prime minister's economic adviser C Rangarajan.

  2. U.S. December ISM Manufacturing data will be released on Monday 04/01/10, November Factory Orders on Tuesday 05/01/10, November Wholesale Inventories on Friday 08/01/10, December ISM Non-Manufacturing figure on Wednesday 06/01/10, Initial Jobless Claims for the week and Change in December Non-farm Payrolls on Thursday 07/01/10.

  3. Both Singapore and China, the December PMI will be out today on Monday 04/01/10, while Hong Kong’s PMI will be available on Wednesday 06/01/10. In Japan, Vehicle Sales for December on Tuesday 05/01/10 will be the main figures to look out for.

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 E3B Wee Hur Holdings 0.59 0.545 0.635
2 KLAN Keppel Land 3.55 3.44 3.66 Triggered, Current Price at 3.55
3 HIPI Hi-P International 0.745 0.71 0.78
4 CWTD CWT limited 0.87 0.775 0.965
5 COSC Cosco Corp Singapore 1.23 1.13 1.33 Touched, but not entered. Sector is weak. KIV first
6 FEGL Falcon Energy Group 0.81 0.765 0.855 Triggered, Current Price at 0.815
7 OSIL OSIM International 0.545 0.505 0.585 Lookout for 0.575
8 OTTO Otto Marine Ltd 0.425 0.375 0.475 beware of resistance at 0.455
9 OCGL Oceanus Group 0.475 0.42 0.53 CANCELLED
10 BRCA BRC Asia Ltd 0.255 0.195 0.315
11 TIAN Tianjin Zhong Xin Pharmaceutical Group 1.09 1.02 1.16 CANCELLED
12 MCPP Marco Polo 0.55 0.505 0.595  
13 AEMN Ascendarsreit 2.11 1.97 2.25 PROFIT – CLOSED at 2.14
14 Hock Lian Seng 0.315 0.285 0.345 Overnight, Current Price at 0.33
15 HWHS Hwa Hong 0.54 0.49 0.59 PROFIT – CLOSED at 0.57
16 IFAR Indofood Agri Resources 2.20 2.06 2.34 Overnight, Current Price at 2.40
17 QMDT Q & M Dental Group 0.595 0.555 0.635 Triggered, Current Price at 0.60
18 HBEE Ho Bee Investment 1.81 1.73 1.89 Triggered, Current Price at 1.83

Here’s Our Mid Term Holding Opportunities:

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 OCBC Overseas Chinese Banking Corp 8.83 8.15 8.55 9.51 Overnight, Current Price at 9.01
2 KLAN Keppel Land 3.38 3.14 3.62 Overnight, Current Price at 3.55
3 UTOS UOL Group 4.06 3.20 3.74 4.92 Overnight, Current Price at 4.11
4 DBSM DBS Group 15.48 14.34 14.40 16.96  
5 STEG Singapore Technologies Engineering 3.27 3.00 3.54  
6 IFAR Indofood Agri Resources 2.20 1.94 2.46 Overnight, Current Price at 2.40
7 NOBL Noble Group 3.29 2.95 3.63  

Stock Prices last updated at 17:05 (Singapore Time)

Afternoon Highlights

Market is going sideways throughout the morning session.

  • Swiber broke high of 1.08
  • Noble broke high of 3.26
  • Ziwo broke high of 0.41
  • Marco Polo lookout for 0.575
  • Lookout for Oil & Gas Sector

URA: Q4 non-landed private home prices falls 5.7, HDB resale prices rise 1.5%, report released on 02/01/10. (The Edge Singapore)

News Updates:

  1. China said on Monday it would soon launch a stock index covering 500 firms listed in the mainland, Hong Kong and Taiwan to enhance financial cooperation in the Greater China region.
  2. First-time jobless claims continue trend lower, down 22,000 to 432,000 last week‏
  3. U.K. December Manufacturing PMI 54.1 verses 51.8 in November

In Summary,

Market closed down 3.07 points at 2894.55 with 2.2091 billion traded. Volume is coming back, which is a good sign of buying momentum on track.