Morning Highlights

There Are No Quick Picks For Today!

Singapore market eased slightly with STI down 12.33 points to open at 3031.16.

  • Straits Asia up on Japan coal demand hopes

On the other hand, in reaction to last Friday’s disasters, Japanese stocks plunge dramatically and on fears of that nuclear radiation could compound the tragedy.

Watch Out For Economic News Release This Week

  • Tue 15 Mar: Singapore Jan Retails Sales, U.S. FOMC Rates Decision
  • Wed 16 Mar: U.S. Feb Housing Starts, U.S. Feb Producer Price Index
  • Thu 17 Mar: Singapore Feb Non-oil Domestic Exports, U.S. Feb Consumer Price Index and U.S Initial Jobless Claims

News Updates:

  1. Bank of Japan pumps US$147 billion into the financial system to help shore up markets following the nation's worst-ever earthquake last week.
  2. China needs to find the right balance between boosting employment and cooling inflation, Chinese Premier Wen Jiabao said on Monday at the end of the country's national parliament.
  3. Chinese money growth slowed sharply in February after banks issued fewer loans than expected, signalling that the government was making headway in its battle to rein in inflation.
  4. U.S. retail sales excluding autos, gasoline and building materials, which are the figures used to calculate GDP, increased 0.6% for a second month in January.
  5. Asian firms from semiconductor makers to shipbuilders faced the risk of disruptions to their operations after the earthquake and tsunami in Japan destroyed vital infrastructure and knocked out factories producing everything from high tech components to steel.

Corporate Announcement:

  1. Swiber secured a contract from an international major oil company in South East Asia worth approximately US$34 million.

  2. Keppel Corp's Keppel shipyard has secured two contracts worth $170 million for two fast-track projects.

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 4.28
(Entered 12.10.10)
2 IFAR Indofood Agri Resources 2.70 2.23   Overnight, Current Price at 2.17
(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 5.57
(Entered 29.12.10)

Stock Prices last updated at 11:38 (Singapore Time)