Hi Everyone,

We have added a forum to our blog. This is to facilitate more in-depth discussions on Singapore stock market.

Do click on the “Forum” link at our navigation bar to join in the discussion. We did a simple categorize of topics to ease in the searching. If you have any questions, post it in the forum and we hope anyone who knows the answers to the questions will help to share with the rest.

And if you have any informative articles or news findings, do post in the forum too. It is always a joy to share.. ^_^

Wishing All A Happy & Prosperous Lunar New Year!!

Morning Highlights

Singapore Stocks inched higher in opening trade on Friday after Wall Street jumped on news of Europe's pledge to support indebted Greece and Phillip Morris International Inc. announced a US$12 billion share buyback.

In the U.S, Phillip Morris International Inc. increased 4%, reversing a 1.6% retreat after the announcement. U.S. stocks finished higher as energy, materials lead rally; Dow climbs 106 points and oil climbed in New York trading.

Corporate Announcement:

  1. Olam International reported 50.3% rise in 1H10 net profits to S$177.9 million and declared 2.0 cents per share as interim dividend.
  2. The company also announced that it will invest US$31.5 million to set up a Greenfield 500 metric tonne-per day wheat mill near Port Tema, close to the largest flour market, in Ghana.
  3. Genting Singapore yesterday announced the soft-opening of the casino and preview of Universal Studios Singapore at the Resorts World Sentosa Integrated Resort on 14 February 2010.
  4. Neptune Orient Lines announced a net loss of US$741 million for 2009, compared with a net profit of US$83 million for 2008. For 4Q09, NOL recorded a net loss of US$211 million, compared to a net loss of US$149 million for 4Q08.
  5. Tiger Airways announced that approximately S$20.4 million of the net proceeds of approximately S$233.3 million raised from the Company’s initial public offering has been utilised to repay outstanding short-term loans.
  6. Oilfield services provider KS Energy posted a 86.40%quarter-on-quarter drop in net profit in the Oct-Dec period, the company said in a news release on Friday.

News Updates

  1. Deal reached on aid package for Greece: E.U. president‏. European leaders ordered Greece to get the region’s highest budget deficit under control, and said they were prepared to take “determined” action to staunch the worst crisis in the euro’s 11 year history. Concern widening fiscal gaps in Greece, Portugal and Spain spurred concern Europe faces another recession, sending the S&P 500 down 3.1% on 4th Feb 10. 

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 China Hu An Cable 0.425 0.395 0.455 Overnight – Current Price at 0.430 

Bearish Stocks (Singapore)

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 HSEN Hiap Seng Engineering 0.57 0.64 0.50  
2 WLIL Wilmar International 5.93 6.38 5.48
3 GUOC Guocoland 1.98 2.13 1.83
4 WTHS Wing Tai Holdings 1.70 1.82 1.58
5 SWBR Swiber Holdings 1.00 1.10 0.90
6 PNHG Pan Hong Property Group 0.44 0.51 0.37  
7 SITT Sinotel Technologies 0.445 0.50   0.39  

Stock Prices last updated at 17.05 (Singapore Time)

Afternoon Highlights

Market managed to trade higher, with the STI holding up above 2755.54.

  • Singapore December retail sales down 5%
  • Japanese Consumer Sentiment Strengthens In January: 39.4 Vs. 37.9 Last Month

In Summary,

After a choppy session, index closed up 5.27 points to 2758.90. Trading is quiet today ahead of Lunar New Year holiday, with only 1.2135 billion traded.