SG Market: Wall Street's flat session overnight could spell another shaky start for Spore shares, which have been sluggish in the past wks due to the year-end market lull. With corporate newsflow thin & lingering concerns over Europe's debt problems lingering, investors may be skittish to hold onto positions. Support for the STI is expected at 3180 while resistance is at 3200.
The euro-zone crisis is beginning to rear its head again & a continued USD rally could weigh on the risk environment until more clarity emerges. GLP could face some pressure after revelation that non-competition clause with former vendor & potential rival ProLogis is due to expire in Feb 11, which could lead to stiffer competition for the developer of warehouses in China, its targeted growth market.
China-based adhesive tape maker CHT resumes trading today after being suspended in Jun last year, when it last traded at $0.06.
#Stock ratings changes:
*Straits Asia target price raised to $2.49 from $2.10 by DMG
*Mewah Int’l initiated as Buy at Nomura with TP of $1.30
*Wilmar downgraded by Goldman Sachs to Neutral form Buy, TP cut to $6.25 from $7.00
*Noble Group initiated as Buy at Goldman Sachs with TP of $2.60
*Olam initiated as Neutral at Goldman Sachs with TP of $3.20
*ARA Asset Mgt target price raised to $1.74 from $1.18 at Credit Suisse
No comments:
Post a Comment