STI Singapore - Market Outlook for 20 November 2012

Although the STI managed to cover the gap resistence in mid week, the bearishness in Europe hampered it rebound and caused it to retrace again. The retracement went deep and the STI eventually broke its support to trade lower. On the technical charts, various indicators currently show the STI weakening with a possible downward momentum to test it’s next level of support at 2683 points. 

What to watch out for: Bullish: 

whipsaw and trade back above 2755 

Next resistance to watch: 2904 

Bearish: continue to go lower 

Next support to watch: 2683

SGX Stock News - Trading Recommendations for 19-Nov 2012

Maybank Kim Eng said it expects office rents in Singapore to slide by 10 percent in 2013, after falling 12-15 percent over the past four quarters, as demand in the near term is set to remain weak.

Marina One and DUO, two mixed use developments that will come onstream five years down the road, are seen adding nearly 2.5 million square feet of prime Grade A office space, Maybank said.

"However, office players are in for a tough time as they face stiff competition from other Grade A developments completing from now till 2017, which may exert more downward pressure on rents in the near term," Maybank said.

The broker added that the Singapore economy experienced a contraction in the third quarter from the previous quarter, and the government is guiding for subdued growth of 1-3 percent next year.

Maybank maintained its 'hold' rating on Keppel REIT and Singapore Land Ltd. It has a 'sell' call on CapitaCommercial Trust.

SGX Singapore - Stock Recommendations for 16-Nov

Stock: Sheng Siong (SHENG SIONG GROUP LTD)
Recommended by: OCBC
Recommendation: BUY
Target Price: S$0.49

Stock Name: VizBranz (VIZ BRANZ LIMITED)
Recommended by: OCBC
Recommendation: BUY
Target Price: 0.74 

Stock Name: BreadTalk (BREADTALK GROUP LIMITED)
Recommended by: OCBC
Recommendation: SELL
Target Price: 0.49 

Stock Name: KS Energy (KS ENERGY LIMITED)
Recommended by: OCBC
Recommendation: HOLD
Target Price: 0.78

Singapore Stock News - 25 Oct 2012

Stock News Singapore

1. Singapore Airlines is ordering five more Airbus A380s and another 20 A350s for additional capacity growth and fleet renewal.
2. CACHE Logistics Trust 3Q distribution per unit (DPU) of 2.14 Singapore cents, up 2.3 per cent from 2.09 Singapore cents a year ago.
3. HUTCHISON Port Holdings (HPH) Trust reported earnings per unit attributable to unitholders that came up to 6.91 HK cents in its third quarter. This was down 15 per cent from 8.13 HK cents in the same period last year.
4. CapitaLand has established its first value housing private equity fund, which will invest primarily in value housing developments in China.
5. FIRST Real Estate Investment Trust has posted 3Q distribution per unt (DPU) of 1.68 Singapore cents down 12.5 per cent from the same period last year. Distributable amount also slipped 12.1 per cent year-on-year to S$10.6 million.
6. Sheng Siong Group’s third quarter net profit increased 48.1 per cent to S$9.8 million, from S$6.6 million a year ago.