Morning Highlights

Our Focus For Today is still on REIT Sector

The STI gapped up and opened at 2,693.56. Index tried to test the 2700 points again but failed. Currently is trading above the support range between 2661.39 – 2676.05

Among the individual shares that trades higher,

• Oceanus broke  high of 0.39 - wait for setups
• Richland broke high of 0.545 - wait for setups
• Wilmar touched high of 6.96
• China Environment broke high of 0.75 - wait for setups
• Hai Leck broke high of 0.47 – wait for setups
• Tiong Woon broke high of 0.865 – wait for setups
• Ezion broke high of 0.835 - wait for setups

As the Singapore Market displays uncertainly, we advise to stay on the sideline first, watch existing open trades and trail the profits accordingly.

Latest News:

• Asia stock markets swing into negative ground

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>

Bullish Stocks (Singapore)

Stock Prices last updated at 17.13 (Singapore Time)

Afternoon Highlights

The Pending Order for Beng Kuan has triggered. We are now in position for this stock, as well as for Sinotel, which our order is filled in at 0.73.

OKP is trending well. Conservative Traders can choose to take profit at 0.88, else, take half, or stay in trade and trail accordingly like we did.

We have cancelled the new pick Technics Oil & Gas as this entry setup is for intra-day trading. Since the order is not triggered today at 0.625, we will wait for new setups on Daily Chart.

In Summary,

We have 7 open trades as of till date. All are making higher highs with orderly trending moving averages and substantiate traded volume per counter. Watch out closely for these price resistances: United Envirotech at 0.48 and OKP at 1.05. Be sure to trail tightly to lock in your profits, especially for United which seems over-extended.

Do lookout on China Stocks and Commodity Shares.. there might be actions on Wilmar. (to enter mid term and short term)

News Update On Noble (source from Warrants News):

Noble requested that the halt on its shares continue for two more days to 23 September. CIC is now a 15% shareholder in Noble. The new shares represent about 11% of Noble's enlarged share base. Noble will raise about US$642m in fresh capital.

Reduced gearing, improved debt costs. MRE expects this transaction to reduce Noble to an ungeared position (assuming it took place at the end of 1H09) on an adjusted basis vs 15% at end 1H09 or 51% on a nominal net gearing ratio vs 91% 1H09. This gives Noble plenty of working capital for its core operations and long-term capital for M&A. Noble should now have cash levels in excess of US$1.4b, and it will also enjoy better rates when it next issues fresh debt on account of its improved credit rating from S&P last week.

News Update On Wilmar: Increased Weightage On Wilmar

Yesterday’s top index mover was Wilmar, the world’s largest palm oil company. The stock climbed 3% dod to S$6.91 yesterday – its highest close since it started trading in July 2000. The FTSE group announced yesterday that Wilmar’s weighting on the STI will increase.

Quote of the Day

“The investor of today does not profit from yesterday's growth.” – Warren Buffett

Morning Highlights

Our Focus For Today is on REIT Sector

The Market is experiencing a pullback, still going through sideway consolidations. STI needs to breakthrough 2700 points as a confirmation of uptrend resume.

As mentioned last Friday, Conservative Traders would have taken profit for United Envirotech at 0.375. Aggressive traders may continue to trail the profits… (refer to Quick Pick TSL)

We have took half profit for Keppel Corp on Last Friday. That’s our short term positioning. The Mid Term Trade is still in position. Please note that the mid term stop loss is at 7.9 

We have 3 new trades triggered this morning, namely; OKP, Design Studio and DMX. Innotek is on the run, high chance it might breakout in the afternoon trading session…

Bullish Stocks (Singapore)

Stock Prices last updated at 17.14 (Singapore Time)

Afternoon Highlights

The STI is trading near previous resistance of 2667.82. It will be good to see it breach and maintain above the point.

CapitaCommercial traded 6 times with 25k traded at price 1.06. Though the volume is little, the chart pattern is still trending upwards

• For those who are in position at (BUY 1.02), mid term trailing stop loss to be shifted to 0.995
• For new short term order entry, if 1.06 is not filled in by today, we will have to wait for new setups to form

Please refrain from short term investment for CapitaMall due to big retracement movement today. (update as 15:05)

In Summary,

The STI managed to up 37.72points and close in green at 2685.63.  This is a good sign that we are gradually progressing to 2700 points.

Support range between 2661.39 – 2676.05

Among the Sectors, REIT is holding well. The others are mixed, will have to look at the individual shares for cue.

• Biosensor broke high of 0.645 - wait for setups
• Technics Oil & Gas Ltd touch high of 0.585 – to wait for setups
• CapitaCommercial – to wait for new setup since the price at 1.06 is not filled up today.

Latest News

• The Board of Directors (the “Board”) of Noble Group Limited (the “Company”) wishes to announce that the Company has on 21 September 2009, entered into a terms of agreement (the “Agreement”) with China Investment Corporation (the “Placee”) where, subject to the conditions as set out further below in this announcement, the Company has agreed to issue and allot to the Placee, and the Placee has agreed to subscribe and pay for, 438,000,000 new ordinary shares of HKD0.25 each (the “Placement Shares”) in the capital of the Company at an issue price of SGD2.1137 for each Placement Share (the “Placement Price”) (the “Placement”).
• U.S. leading economic indicators rise for fifth straight month‏
• FOMC and G20 meeting due on Wednesday, 23rd September 2009

Quote of the Day

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” – Warren Buffett

Our Primarily Focus for Today is on REIT…

Morning Highlights

STI gapped down and opened at 2657.40. It is trading lower than the support range between 2667.82 – 2676.54. This indicates a short term bearish on the market. In fact, the market seems to be forming an island reversal but more confirmations are needed from the next few days of trading.

The individual sectors are having mixed performance. We will have to see which sector is able to hold up in the later session. As of now, Hiap Seng is holding up well –> this could signify a lookout on Engineering Sector..

Nonetheless, based on the current market situation and unsatisfactory sectors’ performance, we advise all trades to be entered with cautious and small risk until a clearer picture is seen.

Tokyo-traded shares fall sharply in early action, once again led by exporters'  pain over the ever-stronger Japanese yen.

STI created a low of 2640.99 at almost 10am (Singapore Time).

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>

Bullish Stocks (Singapore)

Stock Prices last updated at 17.33 (Singapore Time)

Afternoon Highlights

The Market is still performing poorly, trading close to today’s low of 2640.99. We don’t wish to see this low be broken.. else, there might be a chance for the index to go even lower..

Design Studio clear high of 0.515. To wait for setups

In Summary,

Singapore Government’s intervention in property prices resulted in sell-down of property stocks in today’s trading session. City Development has dropped 80 cents from previous close of 11.08.

STI broke today’s low of 2640.99 during the last 30 minutes of the trading session and close at 2637.68, which is mostly led by the selloff at Property Sector. The next support to lookout for is at 2618.99.

Any further drop in market will imply a short term bearish sentiment.

However, Chinese stocks again went against the general trend in Asia, with the Shanghai Composite advancing 1.2% to 3,026.74 after China's securities regulator said it would start reviewing applications from companies seeking to list on the Growth Enterprise Market.

Japanese shares tumbled today on concerns that the strengthened yen could dent exporters' earnings.

Most other Asian markets also lost ground. Hong Kong's Hang Seng Index ended 1.1% lower at 20,932.20, Australia's S&P/ASX 200 fell 1.4%, and South Korea's Kospi dropped 1%.