Morning Highlights

Singapore Stocks opened steady, with STI adding 11.81 points to 2746.20. Many investors are still cautiously watching for signs of European Union would move to address Greek debt troubles.

On the other hand, U.S. stocks fell for a second time this week on results on concern that the economic recovery may slow as the Federal Reserve withdraws stimulus measures.

New Trade Opportunity with China Hu An, To buy at 0.425, Stop Loss at 0.395 and Take Profit at 0.455 – Triggered 

Corporate Announcement:

  1. CapitaLand reported a FY09 profit after tax and minority interests (PATMI) of S$1,053.0 million. This is the fourth consecutive year that CapitaLand has recorded net profit exceeding S$1 billion. Revenue in FY2009 was S$2,957.4 million, up 7% YoY, and contributed by higher revenue recognition for residential development projects in Singapore, China and Vietnam.

  2. Tiger Airways yesterday announced strong operating statistics for January 2010 having sold a total of 428,000 seats, up 53% YoY. For the twelve months ending 31 January 2010, sales totalled 4.5 million seats, up 42.9% YoY.

  3. Wilmar International announced the issue and allotment of 26,860 ordinary shares in the capital of the Company, at the conversion price of S$5.38 each, following the conversion of US$100,000 Wilmar Convertible Bonds due 2012.

  4. AusGroup Q2 profit down 32.5%

  5. C&O Pharmaceutical Technology posts 18% rise in Q2 profit

News Updates

  1. Bernanke says economy still needs low rate policy; and may increase the discount rate on loans to banks.
  2. China's Jan. consumer prices up less-than-expected 1.5%, but wholesale prices jump 4.3%

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 HSEN Hiap Seng Engineering 0.57 0.64 0.50  
2 CATL Capitaland Ltd 3.63 3.81 3.45
3 SCIL Sembcorp Industries 3.39 3.56 3.22
4 WLIL Wilmar International 5.93 6.38 5.48
5 GUOC Guocoland 1.98 2.13 1.83
6 WTHS Wing Tai Holdings 1.70 1.82 1.58
7 SWBR Swiber Holdings 1.00 1.10 0.90
8 PNHG Pan Hong Property Group 0.44 0.51 0.37  
9 SITT Sinotel Technologies 0.445 0.50   0.39  

Stock Prices last updated at 17.05 (Singapore Time)

Afternoon Highlights

Market continues with the whipsaw, but holding on to early gains as supported by optimism over European rescue plan  to alleviate sovereign debt woes.

  • China Hu An trading halt, pending for the release of an announcement. (resume trading at 9 am Fri, Feb 12)
  • Centillion narrows loss for Q2 on lower expenses.
  • Sinwa profits climb 59.4% to $15 million

In Summary,

Index up 19.24 to close at 2753.63, with 1.2002 billion traded.