Morning Highlights

There Are No Quick Picks For Today!

Singapore shares dipped further, with STI opened at 3014.11. We will continue to stand at the sideline till further notice. 

  • Genting Singapore fell as much as 4% to over a four-month low after it reported quarterly earnings that were slightly below expectations.
  • Singapore January CPI up 5.5%, fastest pace in two years, fuelling expectations that the MAS could act to dampen further price increases this year.

News Updates:

  1. U.S. equities declined after the S&P/Case-Shiller index of home values in 20 cities fell 2.4% in December from the same month in 2009, the biggest 12-month decrease in a year.

Corporate Announcements:

  1. Genting reported FY10 net profit of $37.7mn compared to a $277.6 million loss last year.
  2. Cosco reported a 126% year-on-year increase in FY10 net profit to $248.8 million.
  3. SGX and Nasdaq OMX Group will offer a suite of tools and solutions to enhance corporate activities for listed companies in Asia.

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 4.03(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.24
(Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   Overnight, Current Price at 2.35 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.15
(Entered 29.12.10)

Stock Prices last updated at 10:05 (Singapore Time)