SG Market: Spore shares may pull back given Wall Street’s overnight retreat and lack of leads from Asia, with HK, Japan and Korea markets closed for holidays. STI support at 3043 with upside capped at yesterday’s new ytd 3116 intraday peak. Expect small cap stocks to continue drawing interests, with key focus on Technics O&G after securing $35m contract in Vietnam and Biosensors after announcing findings endorsing efficient of its stent system…
Developers may see weakness, after acknowledging yesterday that the recent property measures have injected uncertainty into the market and will dampen private home prices slightly.
Hotel operators may see interest as hotels located around the F1 track running at near full capacity even after an increase in supply of rooms. The Marina Mandarin, owned by OUE, among properties reporting higher bookings. CDLH Trust, which owns several hotels in the city, also a favorite amongst the Street...
On stock ratings, Mapletree maintained at Buy by with $0.94 target by Deutsche, raised to Buy from hold by OCBC
SATS maintained at Buy with $3.20 target by Deutsche
Hersing Corp started At Buy with $0.355 target By Phillip
Eratat started at Buy with $0.32 target by SIAS