Showing posts with label STI. Show all posts
Showing posts with label STI. Show all posts
Tuesday, August 17, 2010
DBS Technical Call. Source from Money Mind
DBS Technical Call: We peg STI range from 2750-2800 as the major support and 3100 as the major resistance in the months(s)ahead. Investors should capitalize on this by buying near 2800 while selling near 3100.Within this range, the other 2 support/resistance levels that short-term traders should note are 2890 and 2995.
Monday, August 16, 2010
STI ends 0.2% lower at 2,933.51
Singapore’s Straits Times Index dropped 0.2% to 2,933.51 at the close. Two stocks declined for each that rose on the 30-member gauge. Shares on the measure trade at 14.2 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to Bloomberg data. The following shares were among the most active in the market. Stock symbols are in parentheses after company names.
Genting Singapore Plc (GENS SP), the owner of one of two casinos in the city-state, surged 8.2% to $1.58, setting a fresh record closing price. The stock advanced 14% on Aug 13 as Credit Suisse Group AG, Citigroup Inc. and Morgan Stanley raised their stock recommendations after the company returned to profit in the second quarter.
Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, fell 0.8% to $2.54. Union Agriculture Group, a closely held Uruguayan landowner, plans to outbid Olam International for NZ Farming Systems Uruguay to gain control of the South American dairy farmer. Union Agriculture will make an offer of 60 New Zealand cents a share, valuing NZ Farming at NZ$147 million ($140.6 million), Christchurch-based NZ Farming said in a statement posted on the exchange. The offer is 9% higher than the 55 cents-a-share bid announced last month by Olam.
Wilmar International (WIL SP), the world’s biggest palm-oil trader, lost 0.3% to $6.11. The company had its share-price estimate cut to $7.50 from S$8.30 at DBS Vickers Securities while it maintained a ”buy” rating.
Genting Singapore Plc (GENS SP), the owner of one of two casinos in the city-state, surged 8.2% to $1.58, setting a fresh record closing price. The stock advanced 14% on Aug 13 as Credit Suisse Group AG, Citigroup Inc. and Morgan Stanley raised their stock recommendations after the company returned to profit in the second quarter.
Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, fell 0.8% to $2.54. Union Agriculture Group, a closely held Uruguayan landowner, plans to outbid Olam International for NZ Farming Systems Uruguay to gain control of the South American dairy farmer. Union Agriculture will make an offer of 60 New Zealand cents a share, valuing NZ Farming at NZ$147 million ($140.6 million), Christchurch-based NZ Farming said in a statement posted on the exchange. The offer is 9% higher than the 55 cents-a-share bid announced last month by Olam.
Wilmar International (WIL SP), the world’s biggest palm-oil trader, lost 0.3% to $6.11. The company had its share-price estimate cut to $7.50 from S$8.30 at DBS Vickers Securities while it maintained a ”buy” rating.
Sunday, August 15, 2010
STI +0.4%; Upside minimal as US economy fears linger
Written by The Edge
Friday, 13 August 2010 13:12
Singapore shares still mostly higher as bargain hunters return after steep falls this week. Gains, however, generally modest as underlying sentiment remains cautious, says Dow Jones.
“It is unlikely fears of a slowing US economy will go away anytime soon, unless the next batch of economic indicators, especially job numbers, shows a pick-up in growth,” says AmFraser Securities strategist Najeeb Jarhom.
Friday, 13 August 2010 13:12
Singapore shares still mostly higher as bargain hunters return after steep falls this week. Gains, however, generally modest as underlying sentiment remains cautious, says Dow Jones.
“It is unlikely fears of a slowing US economy will go away anytime soon, unless the next batch of economic indicators, especially job numbers, shows a pick-up in growth,” says AmFraser Securities strategist Najeeb Jarhom.
Subscribe to:
Posts (Atom)