Morning Highlights

STI  fell 37.92 points to open at 3,191.77 on overnight sharp drop in Wall Street on Friday as anti-government rioting in Egypt prompted investors to flee to less risky assets to ride out the turmoil.

Singapore market is directionless now, support is seen at 3100.

News Updates:

  1. Concerns about Egypt overshadowed a report showing the U.S. expanded 3.2% in the fourth quarter. Household purchases, about 70% of the economy, rose at a 4.4% pace, the most since the first quarter of 2006, signalling the world's largest economy and consumers are recovering from the worst recession since World War II. New-home purchases in the U.S. also rose more than forecast last month, Commerce Department figures showed last week. (Bloomberg)

Corporate Announcements:

  1. Tiger Airways reported 60.3% year-on-year increase in 3Q 11 net profit to $22.6 million.

  2. Biosensors reported 7.8% year-on-year increase in 3Q 11 net profit to US$13.3 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 Last Week>

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 4.50(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.51
(Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   Overnight, Current Price at 2.59 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.42
(Entered 29.12.10)

Stock Prices last updated at 11:33 (Singapore Time)