Monday, September 20, 2010

Market Strategy

Market Strategy: DBSV expects STI uptrend to continue till end Sep, possibly surpassing the 3100 objective level. Tips 3160 as resistance level, before dangers of a correction.
Expects interest to remain in Small Mid Caps (SMC), as laggard proxies to Blue Chips. Top SMC picks are Longcheer, CSE Global and PEC on grounds of attractive valuations and possible re-rating catalysts. Also favours Ezion and Boustead on expectations of strong earnings growth potential for FY11….

Likes infrastructure and construction sector. Thinks accelerated building of HDBs and major projects will boost activity. Tips Pan United, Tat Hong and Tiong Seng as key benificaries…

Continues to favor Asian consumption and domestic consumer services plays that could leverage on success of 2 IRs. Favors UOL, SIA, Sats and Genting Singapore, which offer more than 10% upside to target prices.

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