Morning Highlights

Singapore market started mixed with STI opened at 3218.55.

3 New IPOs:

IPO : Sri Trang Agro-Industry PCL
IPO Size : 280 million
IPO Price : $1.60
Corporate Profile : Market capitalization of approximately Baht 36,000.0 million based on the closing price per Share on the SET on such date
Commence Trading : 28th Jan on Mainboard

IPO : Malaysia Smelting Corp Berhad
IPO Size : 25 million
IPO Price : $1.75
Corporate Profile : One of the world’s leading integrated producers of refined tin metal
Commence Trading : 27th Jan on Mainboard

News Updates:

  1. Purchases of new homes in the U.S. surged 18% in December to a 329,000 annual pace, the biggest jump since 1992.
  2. Homebuilders in Standard & Poor's indexes rose 1.5%

Corporate Announcements:

  1. OSIM announced 117% year-on-year increase in FY10 net profit to $50 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 4.64(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.57
(Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   Overnight, Current Price at 2.66 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.52
(Entered 29.12.10)

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

In Summary,

Singapore market ended the day flat with STI down slightly by 0.95 of a point to 3219.83. Volume traded was 1.6 billion shares valued at $1.7 billion.