Singapore Stock Market: Focus On Palm Oil

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Singapore Stock Market: Focus On Palm Oil

By Vivien Chia on October 21, 2009 | More Posts By Vivien Chia | Author's Website

We place more emphasis on Noble and Indofood Agri.

After due consideration, we decided to include Capitaland in the Quick Picks instead of removing it. If the share manages to breakthrough 4.18 and hold there, you may consider to enter the position. Likewise, if it only touches but fails to hold, please do not enter.

Corporate Announcements
Genting Singapore’s rights shares will begin trading this morning. The company had announced a 1-5 rights issue on September 9.

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	CATL	Capitaland	4.18	4.00		4.36	Please watch out on how share is going to trade.
2	SPRM	Singapore Press Holdings	4.00	3.88		4.12	lookout near breakout pt
3	SCMN	Sembcorp Marine	3.62	3.38		3.86
4	UEL	United Engineer	1.82	1.69		1.95	Resistance at 1.88
5	SIAT	Singapore Airport Terminal Services	2.59	2.44		2.74
6	LIAS	Lion Asiapac	0.38	0.345		0.415
7	NOBG	Noble Group	2.71	2.59		2.83
8	GPAK	Goodpack	1.14	1.06		1.22
9	IFAR	Indofood Agri Resources	1.82	1.71		1.93
10	5NL	Tritech Group	0.31	0.25		0.37
11	STEG	ST Engineering	2.89	2.73	2.82	3.03	Overnight - Current Price at 2.98

Stock Prices last updated at 9:28 (Singapore Time)

Here’s Our Mid Term Holding Opportunities for property shares.

Fraser & Neave - Buy at 4.02, Stop Loss at 3.76
Allgreen Properties - Buy at 1.21, Stop Loss at 1.04
City Development - Buy at 10.50, Stop Loss at 9.55
Wing Tai Holdings - Buy at 1.75, Stop Loss at 1.55
Ezra - Buy at 2.08, Stop Loss at 1.66
Lookout for Keppel Corp

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