Asia markets up after good finish from yesterday overnight Dow. US market was up 202 points, good earnings from company as well as signs of US debt progress. President Obama says a new plan in Congress could pave the way for bipartisan agreement. Stocks trading in Asia rise sharply, with technology stocks advancing after some strong US earnings. We can expect Singapore market to trade above 3100 in coming days. We reiterate that market shall stay positive.


Earning Announcement Dates (additional to the previous newsletter on 18th July)

Wed 27 July - Biosensors (1Q 12)
Tues 2 Aug - Sembmarine (2Q 11)
Fri 12 Aug - UOB (2Q 11)
Sat 13 Aug STX OSV (2Q 11)

2 IPOs upcoming

1) Kitchen Culture Holdings Limited (to be listed on Catalist)

Corporate Profile
The Group specialises in the sale and distribution of a wide range of premium imported kitchen systems, kitchen appliances, wardrobe systems, household furniture and accessories from Europe and USA, catering to the high end markets under the “Kitchen Culture” identity

IPO size : 17 mln
IPO price : $0.30
Manager and underwriter : Collins Stewart
Commence trading on 22th July at 9 am

2) Malacca Trust Limited (to be listed on Catalist)

Corporate Profile
The group serves both retail and institutional investors, and operates in three main businesses: consumer financing for pre-owned vehicles, asset management services and securities brokerage.

IPO size : 85 mln
IPO price : $0.22
Manager : Prime Partners
Underwriter : UOB Kay Hian
Commence trading on 26th July at 9 am

No short term trading

Jardine C&C enter 40.70 SL 35.40 (trail at 40.88) entered on 31th May 2011

1088 HK enter 39.05 SL 33.70 (trail at 35.60) entered on 5th July 2011

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