Morning Highlights

There Are No Quick Picks For Today!

Singapore market rise on overnight Wall Street’s gains. STI up 17.16 points to open at 3027.67.

  • Japan will be release Household Spending (YoY) and Jobless Rate.
  • South Korea Market is closed for Holiday

News Updates:

  1. Pending U.S. home sales eased in January for the second consecutive month; dropped 2.8%, putting the Pending Home Sales Index at 88.9.

  2. China  February Official PMI fell to 52.2

Corporate Announcements:

  1. OUE reported FY10 net profit of $777.2mn compared to FY09 net loss of $93.4 million.

  2. Noble reported 8.9% year-on-year increase in FY10 net profit to US$605.6 million.

  3. Osim received approval in-principle from the SGX-ST for the listing and quotation of 42.5 million shares for its TDR listing.

  4. Tiger Airways announced that RyanThai Ltd will invest in a 10% stake in Tiger's joint venture with Thai Airways.

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 Last Week>

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 4.27(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.36
(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 5.41
(Entered 29.12.10)

Stock Prices last updated at 09:37 (Singapore Time)