Morning Highlights

There Are No Quick Picks For Today!

Singapore market fell in opening trades after a dip on Wall Street. STI down 26.68 points to open at 3040.92.

  • SingTel yesterday announced that it will continue to be the title sponsor for September's F1 race for two more years in 2011 and 2012.
  • Watch out for Japan Monetary Base (YoY) and Australia GDP (YoY)

News Updates:

  1. South Korea Feb input price PMI at 2-year high.

  2. Oil for April delivery rallied 2.7% to settle at $99.63 a barrel, the highest since Sept. 30, 2008.

  3. Federal Reserve Chairman Ben S. Bernanke said the increase in oil and other commodity prices probably won't cause a permanent increase in broader inflation, suggesting the central bank will continue its stimulus efforts

Corporate Announcements:

  1. Cosco won an order worth $130 million from Seadrill Ltd. to build two units of self-erecting tender drilling rigs.
  2. Ezra completed its acquisition of Aker Marine Contractors (AMC) and won a US$41 million contract from Norway's Statoil.
  3. Yanlord reported 30% year-on-year increase in FY10 net profit to RMB1.9 billion.
  4. Swiber reported 7.4% year-on-year increase in FY10 net profit to US$37.3 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 4.31 (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 5.38
(Entered 29.12.10)

Stock Prices last updated at 09:52 (Singapore Time)