Morning Highlights

Singapore market opened higher after Wall Street edged up overnight following a report that showed the US economy growing faster than expected. STI up 11.79 points to open at 3156.10.

  • GLP to buy 19.9% Shenzhen Chiwan Petroleum for US$69.4 million 

Watch Out For Economic News Today

  1. Singapore CPI (Nov)
  2. U.S Initial Jobless Claims
  3. U.S New Home Sales (Nov)
Corporate Announcements
  1. Keppel has secured an order for jackup rig about US$180 million from Jasper Investments Limited, with an option for another similar unit.

News Updates:

  1. Greek bonds slid and the Swiss franc rallied as Fitch Ratings said it may cut Greece's debt rating to junk.

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 KEHS Kim Eng Holdings Ltd 2.49 2.30 2.68

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 4.66
(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.74
(Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   Overnight, Current Price at 2.45 
(Entered 30.11.10)

Stock Prices last updated at 9:25 (Singapore Time)