Morning Highlights

Singapore market started almost unchanged on Thursday after Wall Street slipped overnight. However, market pulled back after 9:30, with the key STI off 17.54 points now. (Update: 9:50)

Other Asian stock markets are seen mixed, with shares in Japan weighed by deepening concerns over Toyota Motor's recall of vehicles and as investors have adopted a cautious stance ahead of the U.S. jobs report on Friday.

Corporate Announcement

  1. Noble Group proposed to issue an additional US400 million worth of Senior Notes with an interest payment of 6.75% per annum due on 29th October 2020.
  2. Noble Group hires Goldman Sachs for US$400 million bond 

News Updates

  1. Nasdaq OMX plans to launch its third US stock-trading platform, called NASDAQ OMX PSX, or simply PSX, in May, the exchange operator said in a note to traders on Wednesday.
  2. U.S. stocks open lower Wednesday; health-care issues lead decline‏. Dow finishes down 27 points, halting two-day rally; Nasdaq edges up‏
  3. U.S. services-sector gauge shows expansion, but reading is weaker than forecast‏.
  4. Private-sector payrolls for January down 22,000, fewest since January 2008‏
  5. Cisco's net jumps 23%, beating estimates; CEO says company in 'second phase' of recovery.
  6. Pfizer profit jumps as revenue climbs 34% .
  7. Monster gobbles Yahoo! HotJobs for US$225 million.

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. 

Bearish Stocks (Singapore)

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 SIAT Singapore Airport Terminal Services 2.42 2.64 2.20
2 SINO Sinomem Technologies 0.465 0.54 0.39
3 HBEE Ho Bee Investment 1.60 1.75 1.45  
4 HSEN Hiap Seng Engineering 0.57 0.64 0.50  
5 DBSM DBS Group 13.98 14.46 13.50
6 CTDM City Development 10.48 10.82 10.14
7 EPIL Epure International 0.88 0.92 0.84 PROFIT – CLOSED at 0.87
8 OCBC Oversea-Chinese Banking 8.07 8.44 7.7
9 OLAM Olam International 2.34 2.47 2.21
10 IFAR Indofood Agri Resources 1.91 2.12 1.70
11 WPSL Wheelock Properties 1.89 2.05 1.73 Not Entered
12 AUSG AusGroup Ltd 0.585 0.63 0.54
13 UTOS UOL Group 3.70 3.86 3.54  

Stock Prices last updated at 17.05 (Singapore Time)

Afternoon Highlights

The market is going sideways.

  • New IPO: China Hu An Cable Holdings commence trading on 8th Feb 2010.

News Updates

  1. India's food price index rose 17.56% in the 12 months to Jan 23, strengthening the case for more government steps to tame rising prices in the budget, while the fuel price index was up 5.88% the government said on Thursday.
  2. Toyota says it reworked Prius brakes after complaints: reports‏.
  3. Shell Q4 profits collapse on weak refining, gas: reported an earnings of $1.96 billion after losing $2.81 billion in the same period of 2008. Shell will cut another 1,000 employees after 5,000 left through cost-cutting actions last year.
  4. Deutsche Bank said Thursday it swung to a fourth-quarter profit of 1.3 billion euros ($1.8 billion), boosted by a tax benefit and sharply lower write-downs, though underlying revenue in the group's sales and trading arm slowed.
  5. Unilever says Q4 profit down 24%

In Summary,

Market down 19.86 points to close at 2744.98, with 1.2689 billion traded.