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Singapore Stock Market Updates On 08/10/10

SGX Warriors
Publish date: Fri, 08 Oct 2010, 09:32 AM
SGX Warriors
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Morning Highlights

Singapore stocks opened mixed, with STI down 2.38 points at 3164.27.

Watch Out For Economic News Today

  1. U.S September Change in Non-Farm Payrolls
  2. U.S September Employment Rate
Corporate Announcements
  1. Yangzijiang said that its listing in Taiwan raised NT$3.76 billion and the proceeds would be used for working capital.
  2. Ezra said that its recent $155.26 million rights issue is over subscribed.

News Updates:

  1. U.S. Jobless Claims at near 3-month low; dropped 11,000 to a seasonally adjusted 445,000, the lowest since the July 10 week.
  2. Alcoa posts lower profit, raises demand outlook as blue chip kicks off earnings season?
  3. A European Union tax on bank profits and remuneration could raise as much as 25 billion euros (US$34.97 billion) annually for cash-strapped governments to repair their economies, the bloc's executive said on Thursday.
  4. Bank of England held the key British interest rate at a record low level of 0.50% on Thursday, as it seeks to nurture fragile economic recovery.
  5. European Central Bank kept interest rates on hold at a record low of 1.0% for the 17th month running on Thursday, as expected.
  6. Japan cabinet approves US$61.3 billion extra budget

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.

Bullish Stocks (Singapore)

 

Symbol

Name

Entry

SL

TSL

TP

Remarks

1 DELO Delong Holdings 0.725 0.655   0.795  
2 BANY Banyan Tree Holdings 0.975 0.875 1.08  
3 HKLD Hong Kong Land 6.76 6.32 7.20
4 KPLM Keppel Corp 9.64 9.45 9.83  
5 SCNM Sembcorp Marine 4.39 4.16 4.62
6 SCIL Sembcorp Industries 4.81 4.55 5.07
7 STRL Straits Asia Resources 2.43 2.32 2.54
8 NEPS Neptune Orient Lines Ltd 2.13 2.02 2.24
9 GPAK Goodpack Ltd 2.06 1.95 2.17
10 SPGP Super Group Ltd 1.29 1.18 1.40  

Stock Prices last updated at 9:00 (Singapore Time)

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