Morning Highlights

There Are No Quick Picks For Today!

Singapore stocks opened higher, with STI at 3110.43. However, index starts falling as many investors are cautious ahead of key inflation data from China.

News Updates:

  1. President Barack Obama sent Congress a $3.7 trillion budget that projects the federal deficit will exceed $1 trillion for the fourth consecutive year in 2012 before falling to more "sustainable" levels by the middle of the decade. The deficit for the current fiscal year is forecast to hit a record $1.6 trillion -- 10.9% of Gross Domestic Product -- up from the $1.4 trillion the administration estimated previously. It would be $1.1 trillion in 2012, 7% of GDP. By 2015 it would decline to $607 billion, or 3.2% of GDP.
  2. China's CPI rose 4.9% in January from a year earlier, the National Bureau of Statistics said Tuesday, adding that it had reweighted components in the index. 

Corporate Announcements:

  1. Olam reported 8.2% year-on-year decline in 2Q11 net profit to $145.8 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>

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 4.32(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 2.43 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.16
(Entered 29.12.10)

Stock Prices last updated at 11:38 (Singapore Time)