Singapore Stock Market: Highlight On REITs
By Vivien Chia on October 1, 2009 | More Posts By Vivien Chia | Author's Website
Morning Highlights
Our Focus For Today is Still on REITs
STI down 9.83points at open. Other Asian stock markets move mixed in cautious trade after mild losses on Wall Street. Hong Kong is closed for holiday today.
Shares that breakout today:
- Singapore Press Holdings broke high of 3.88 - wait for setups
News Updates
- Case-Shiller survey shows U.S. home prices up 1.6% in July from June
- Higher U.S. home prices provide backdrop for early gains on Wall Street
- Consumer confidence unexpectedly slips in September, Conference Board reports
- Jurong Island is running out of land and Singapore will decide early next year on how to augment space at the oil & petrochemicals hub that houses biggies such as ExxonMobil and Shell. (Business Times)
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 | CACT | CapitaCommercial Trust | 1.07 | 0.99 | 1.15 | ||
| 2 | AEMN | Ascendas REIT | 1.95 | 1.79 | 2.11 | Triggered - Current Price at 1.93 | |
| 3 | RAMB | Ramba Energy Ltd | 0.635 | 0.475 | 0.795 | Trading Halt, pending announcement | |
| 4 | CMIT | Cambridge Industrial Trust | 0.48 | 0.45 | 0.51 | ||
| 5 | ASRT | Ascott Residence Trust | 1.02 | 0.99 | 1.05 | ||
| 6 | FJBN | FJ Benjamin Holdings Ltd | 0.405 | 0.35 | 0.46 | ||
| 7 | AZTS | Aztech Group Ltd | 0.37 | 0.275 | 0.465 | ||
| 8 | BWRL | Bright World Precision Machinery | 0.235 | 0.155 | 0.315 | ||
| 9 | NOBG | Noble Group Ltd | 2.61 | 2.34 | 2.88 | ||
| 10 | CNFG | China Fishery Group Ltd | 1.48 | 1.37 | 1.59 | ||
| 11 | SCOF | Super Coffeemix Manufacturing Ltd | 0.68 | 0.63 | 0.73 | ||
| 12 | ECOW | Ecowise Holdings | 0.33 | 0.275 | 0.385 | ||
| 13 | TION | Tiong Woon Corp | 0.99 | 0.855 | 1.13 | ||
| 14 | KPLM | Keppel Corp Ltd | 8.28 | 7.90 | 8.66 | Overnight - Current Price at 8.07 |
Stock Prices last updated at 9.30 (Singapore Time)
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