Morning Highlights

There Are No Quick Picks For Today!

Singapore shares dropped lower in opening trades, with STI fell 8.08 points to 3184.1. Volume traded was 124 million shares valued at $143.7 million.

On the other hand, most of the other Asian markets are mostly higher, as cheered by Wall Street’s rise. Japanese stocks advance, and Sydney’s index rise to a 10-month high.

News Updates:

  1. Japan’s current-account surplus widens to $14.5 billion in December, up just over 30% from the same time last year, with expanding exports helping drive the growth.

Corporate Announcements:

  1. Midas secured a contract worth RMB82mn from CNR Changchun Railway Vehicles Co., Ltd. Delivery is expected to take place in 2011

  2. Wilmar obtained the Securities and Exchange Commission of Ghana's approval to take over Benso Oil Palm Plantation Limited.

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 4.42(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.64
(Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   Overnight, Current Price at 2.62 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.39
(Entered 29.12.10)

Stock Prices last updated at 09:28 (Singapore Time)