Morning Highlights

STI opened flat at 3251.99, while other Asian Stocks were trading higher, with Japanese stocks supported by better-than-expected economic growth in the third quarter. 

Watch Out For Economic News Today

  1. Japan's Annualized 3Q GDP,
  2. U.S Oct Advance Retail Sales
  3. U.S Nov Empire Manufacturing
Corporate Announcements
  1. Midas announced a 45.5% year-on-year increase in 3Q10 net profit to S$13.7 million.
  2. Olam agreed with the government of the Republic of Gabon to build a port-based ammonia-urea fertilizer complex worth $1.3 billion.
  3. Wilmar's subsidiary acquired 100% of the shares of Minsec Engineering Services Sdn. Bhd. for a consideration of RM35 million.
  4. Hyflux wins US$100 millio contract to build plant in Libya.

News Updates:

  1. The S&P 500 halted a five-week string of gains, its longest since April.
  2. China may increase rates within weeks after inflation accelerated to the fastest pace in 25 months in October, according to a Bloomberg survey.
  3. European leaders over the weekend urged Ireland to accept a bailout from the European Union's EUR500 billion emergency-loan facility, to help restore confidence in financial markets and avert a spread of worries to other euro-zone members, even as Ireland denied it needed assistance.
  4. AXA Asia Pacific received a fresh takeover proposal from French parent AXA SA and Australian wealth manager AMP Ltd. Trade in AXA Asia Pacific and AMP was halted.

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 SCIL Sembcorp Industries 5.02 4.79 5.25  
2 OCBC Oversea-Chinese Banking Corp 10.32 9.92 10.72  
3 UTES United Engineers 2.67 2.57 2.77  
4 STRL Straits Asia Resources 2.68 2.44 2.92  
5 NOBG Noble Group 2.24 2.11 2.37  
6 FRLD First Resources 1.48 1.31 1.65  

Our Mid Terms Holdings : Bullish Stocks (Singapore)

 

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 KPLD Keppel Land 4.19 3.95 Overnight, Current Price at 4.87
(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.72
(Entered 25.10.10)
3 FRNM Fraser & Neave 6.76 6.14   Overnight, Current Price at 6.65
(Entered 09.11.10)
4 OLAM Olam International 3.42 3.02
5 CNAO China Aviation Oil Singapore Corp 1.72 1.50  

Stock Prices last updated at 9:38 (Singapore Time)