Morning Highlights

Singapore market remains choppy on light volume, ahead of the Chinese New Year celebration.

  • Short Term – stay on the sideline.
  • Mid Term – Bullish

Please note that the new IPO Sri Trang Agro-Industry PCL has changed listing from today to 31st January 2011. The IPO price has also changed from S$1.60 to S$1.20.

News Updates:

  1. The yen weakened after Standard & Poor's downgraded Japan because the nation lacks a "coherent strategy" to reduce the world's biggest debt burden. 
  2. Japan's Core Consumer Prices fell 0.4% in December from a year earlier, down for 22 months in a row.
  3. American jobless claims increased to 454,000 in the week ended Jan. 22, more than the median economist estimate of 405,000.

Corporate Announcements:

  1. Keppel Corp secured a contract worth about US$416 million to construct two harsh environment jackup rigs.
  2. Ezra disposed approximately 51% in Intan Offshore Sdn Bhd to Perisai Petroleum Teknologi Bhd.

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 4.59(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.54
(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 5.51
(Entered 29.12.10)

Stock Prices last updated at 14:53 (Singapore Time)