Singapore Stock Market Updates On 11/01/11

Singapore market opened  flat with STI at 3230.81, as weighed by caution ahead of closely-watched government bond auctions in Europe…

Likewise,  Wall Street ended lower overnight as investors wait for direction from earnings and economic data.

Watch out for Economic News Today:

• U.S IBD/TIPP Economic Optimism (Jan)

News Updates:

1. Royal Group wins hotel site at Robinson Rd/Boon Tat St for $86 million.
2. Australian stocks dragged lower by massive flooding in the state of Queensland.
3. Many Chinese banks are planning to cut their new yuan lending by 10%-20% this year, the 21st Century Business Herald reported Tuesday, citing unnamed sources.

Corporate Announcements:

1. Tiger Airways reports 32% increase in passengers in 12 months to Dec 2010 and its load factor in Dec 2010 reached 91%.
2. Singtel's subsidiary acquired 28.6% stake in 2359 Media Pte. Ltd. for an aggregate cash consideration of S$0.8 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>

Bullish Stocks (Singapore)

Our Mid Terms Holdings : Bullish Stocks (Singapore)

Stock Prices last updated at 15:25 (Singapore Time)

Afternoon Highlights

Singapore Stock Prices edged higher in the afternoon session, with STI up 0.55% to 3247.18.

News Updates:

1. IRs contribute $420 million net increase in government revenue April-Nov 2010