Investors sell down shares after failure to get a US debt deal over the weekend, though the drops aren't extreme, as analysts say a US ratings downgrade is a greater concern.


Market pull back after 4 up sessions. We deem this as a pullback and will wait for the pullback to be over to resume its upward momentum.

Banks break above psychological levels. The new-found optimism on last Friday has taken some key blue chip names past their psychological levels. They are UOB (above $20), DBS (above $15)

Singtel will sell certain infrastructure assets, including 7 telephone exchange buildings and its business of providing duct and manhole services to NetLink Trust for a total consideration of about $1.89 bln.

Earnings Announcement Dates
Tues 26 July - Osim (2Q 11)
Wed 27 July - Biosensors (1Q 12)
Thurs 28 July - DBS (2Q 11) , SIA (1Q 12)
Tues 2 Aug - Sembmarine (2Q 11) , SGX (FY 11)
Thurs 4 Aug - Capitaland (2Q 11)
Fri 12 Aug - UOB (2Q 11) , IndoAgri (2Q 11)
Sat 13 Aug - STX OSV (2Q 11)

No short term trading

Mid term trading
Jardine C&C enter 40.70 SL 35.40 (trail ar 44.49) entered on 31th May 2011
1088 HK enter 39.05 SL 33.70 (trail at 35.60) entered on 5th July 2011
OCBC enter 9.80 SL 9.19 entered on 21th July 2011
UOB enter 20.14 SL 19.10 entered on 22th July 2011

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