Morning Highlights

There Are No Quick Picks For Today!

Singapore market continued to be weak with STI down 27.39 points to open at 3043.21. Overall investors’ sentiment is adversely affected… In New Zealand, stocks were also pulled down by an earthquake which hit the country's second-largest city of Christchurch.

News Updates:

  1. GOLD rallied for a sixth day surpassing $1,400 an ounce.
  2. Oil rose to the highest since September 2008.

Corporate Announcements:

  1. Yangzijiang reported 29% year-on-year increase in FY10 net profit to RMB2,955 million.
  2. Straits Asia Resources reported 34% year-on-year decline in FY10 net profit to $88.2 million.
  3. Capitaland reported 20.9% year-on-year decline in FY10 net profit to $1.27 billion.
  4. Tiger Airways said that RyanAsia reduced its stake from 5.41% to 1.99%.

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 4.12(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.25
(Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   Overnight, Current Price at 2.38 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.23
(Entered 29.12.10)

Stock Prices last updated at 12:27 (Singapore Time)