Morning Highlights

Singapore stocks continued to open low at 3093.29. Investors are trading cautiously as tensions remained high after Egyptian President Hosni Mubarak refused to quit despite mass protests…

News Updates:

  1. Korea's central bank kept interest rates on hold.
  2. China's central bank raised interest rates by 0.25 percentage point.
  3. U.K. food prices rose at the fastest pace in 19 months in January.
  4. Federal Reserve Chairman Ben S. Bernanke gave no indication he plans to scale back a $600 billion plan to boost the economy after two regional Fed bank presidents said rising prices are a threat.

Corporate Announcements:

  1. DBS reported 38% year-on-year increase in 4Q10 net profit to $678 million.
  2. Tiger Airways reported 31% increase in passengers in 12 months to January 2011.
    Keppel Corp secured a contract to build two jackup rigs of about US$440 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>

Bullish Stocks (Singapore)

 

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 CMAL Capitamall Asia 2.06 1.93 2.19  

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 4.20(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 2.56 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.13
(Entered 29.12.10)

Stock Prices last updated at 10:56 (Singapore Time)