Morning Highlights

Singapore market started steady after the New Year break, with STI up 21.18 points to open at 3211.22.

  • Singapore's growth rebounded in the fourth quarter as manufacturing surged 28.2%, boosted by a robust expansion in pharmaceutical output

Watch out for Economic News Today:

  • China Non-Manufacturing PMI (Dec) [China Dec non-manufacturing PMI rises to 56.5]
  • U.S ISM Manufacturing (Dec)

Corporate Announcements:

  1. OSIM acquired a 19% stake in Hong Ming (China) Co. Ltd. for a consideration of USD 0.3 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. <The Quick Picks referred herein contain overnight positions from Yesterday>

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 4.84
(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.89
(Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   Overnight, Current Price at 2.64 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.37
(Entered 29.12.10)

Stock Prices last updated at 17:05 (Singapore Time)

Afternoon Highlights

Market is strong, holding up to its gains.

  • Mewah broke $1.10 (its IPO price)

News Updates:

  1. Hutchison to buy port, property assets for US$733 million
  2. HDB Q4 resale prices up 2.4%

In Summary,

Asian stock markets kicked off the year with a healthy start, rising across the board on hopes the global economic recovery will continue in 2011.

Lookout for Cosco. This stock is displaying strong characteristics. We are waiting for a pullback to enter for mid term holding.