Morning Highlights

Singapore Shares inched up after higher close on Wall Street, with STI up 9.21 points to open at 3188.93. 

  • Lookout for IPO Sri Trang

Please note that tomorrow is a half day trading day for our local market!

News Updates:

  1. Housing prices across South Korea rose for a fifth consecutive month in January from the previous month, pushing annual growth to a five-month high, data from the country's top lender showed on Tuesday.

Corporate Announcements:

  1. NOL announced that its container shipping volumes increased 24% year-on-year while average revenue per FEU increased 22%.
  2. Olam plans to acquire Britannia Food Ingredients Holdings Ltd and Britannia Storage and Distribution Ltd for approximately $50 million.
  3. Yanlord and Reco Yizhong acquired a prime residential development site in Jinnan District, China for RMB 1.16 billion.
  4. Baidu announced a 137% year-on-year increase in 2010 net income to RMB 3.5 billion.

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 4.44(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.58
(Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   Overnight, Current Price at 2.67 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.36
(Entered 29.12.10)

Stock Prices last updated at 15:28 (Singapore Time)