Singapore Stock Market Updates: Focus On Small & Mid Caps

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Singapore Stock Market Updates: Focus On Small & Mid Caps

By Vivien Chia on September 30, 2009 | More Posts By Vivien Chia | Author's Website

Morning Highlights

Our Focus For Today is On Still on Small & Mid Cap

STI (^STI) opened up at 2,681.69 and came down subsequently. The other Asian Markets were mostly higher in spite of overnight losses on Wall Street, with Japanese stocks posting modest gains as the yen slipped against major currencies.

New Quick Picks from 16 - 22, cancel pending order for Superior Fastening, Ezion and Hiap Seng.

Asia Food on the lookout and Aqua Terra broke high of 0.32, to wait for setups.

Ascendas REIT approaching breakout!!

Superior Fastening Announcement

The Board of Directors of Superior Fastening Technology Limited (the “Company”) wishes to inform that the Company has on 29 September 2009 entered into a settlement agreement (the “Agreement”) with OCBC Capital Investment Private Limited (”OCI”) in relation to the repayment of an outstanding principal sum of S$5,000,000 plus interest thereon (the “Settlement Sum”) owing by the Company to OCI under the Convertible Bond Subscription Agreement dated 16 July 2007 entered into between the Company, Lam Tak Shing, Tang Yuk Fung, Kwan Suk Yee and OCI (as amended by a supplemental agreement dated 30 August 2007 and a second supplemental agreement dated 23 July 2008) (together, the “CBS Agreement”) in relation to the issue of 3-year convertible bond facility (the “Bonds”) for an aggregate principal amount of S$5,000,000.

Pursuant to the Agreement, the Settlement Sum shall be repaid in 2 installments, of which S$3,000,000.00 shall be paid within three (3) months from the date of the Agreement and the balance of S$2,000,000.00 plus all interest due under the CBS Agreement and the Bonds, including any default interest shall be paid within six months from the date of the Agreement.

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)

	Symbol	Name	Entry	SL	TSL	TP	Remarks
1	SINW	Sinwa Ltd	0.495	0.44		0.55
2	CACT	CapitaCommercial Trust	1.07	0.99		1.15	KIV
3	AEMN	Ascendas REIT	1.95	1.79		2.11
4	RAMB	Ramba Energy Ltd	0.635	0.475		0.795
5	HUPS	HupSteel Ltd	0.355	0.305		0.405
6	CMIT	Cambridge Industrial Trust	0.48	0.45		0.51
7	ASRT	Ascott Residence Trust	1.02	0.99		1.05
8	SINO	Sinomem Technology Ltd	0.735	0.685		0.785
9	EZHL	Ezion Holdings	0.895	0.81		0.98	CANCELLED
10	HSEN	Hiap Seng Engineering	0.76	0.685		0.835	CANCELLED
11	ASEN	Asia Environment	0.385	0.315		0.455
12	FJBN	FJ Benjamin Holdings Ltd	0.405	0.35		0.46
13	AZTS	Aztech Group Ltd	0.37	0.275		0.465
14	SUPE	Superior Fastening Technology	0.32	0.265		0.375	CANCELLED
15	BWRL	Bright World Precision Machinery	0.235	0.155		0.315
16	HLHL	Hai Leck Holdings Ltd	0.51	0.45		0.57
17	NOBG	Noble Group Ltd	2.61	2.34		2.88
18	GUCL	GuocoLeisure Ltd	0.815	0.75		0.88
19	CNFG	China Fishery Group Ltd	1.48	1.37		1.59
20	CHOF	CH Offshore	0.75	0.69		0.81
21	FION.SI	Financial One Corp	0.58	0.47		0.69
22	SCOF	Super Coffeemix Manufacturing Ltd	0.68	0.63		0.73
23	MTXE	Metax Engineering Corporation Ltd	0.24	0.165	0.20	0.315	Overnight, Current Price at 0.26
24	KPLM	Keppel Corp Ltd	8.28	7.90		8.66	Overnight - Current Price at 8.16
25	DMXT	DMX Technologies Group Ltd	0.53	0.45		0.61	Overnight - Current Price at 0.49

Stock Prices last updated at 9.35 (Singapore Time)

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