Morning Highlights

There Are No Quick Picks For Today!

Singapore shares rose following a rally on Wall Street overnight  boosted by a better-than-expected U.S. jobless claims report. STI up 29.77 points to open at 3068.12.

Oil prices has also retreated amid hopes that the Libyan crisis could be resolved.

News Updates:

  1. The Institute for Supply Management's index of non- manufacturing businesses increased to 59.7 from 59.4 in January.
  2. European Central Bank holds rate at 1.00%, and said an interest-rate increase may be needed to fight inflation.

Corporate Announcements:

  1. Noble plans to sell 306.5mn shares at S$2.07 to raise about S$625 million.
  2. Cosco signed an agreement to delay the disposal of Costar Shipping Pte Ltd and Coslink Sdn Bhd by four months.

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 4.26
(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.38
(Entered 25.10.10)
3 STRL Straits Asia Resources 2.68 2.17   Overnight, Current Price at 2.45 
(Entered 30.11.10)
4 SCMN Sembcorp Marine 5.19 4.49   Overnight, Current Price at 5.49
(Entered 29.12.10)

Stock Prices last updated at 09:33 (Singapore Time)