SG Market: Spore shares are expected to drift lower today following losses on US & European markets amid heightened euro-zone debt concerns & given lack of positive news but declines are unlikely to be as sharp as yday. Stocks that may be in focus include - SIA after it releases weaker traffic growth for Nov with lower load factors, Olam on its 1.6m ha acqn of forestry assets in Congo & Gabon & Amtek Engrg’s doubling of 1Q FY11 earnings.
Support for the STI remains at 3118, the neckline of a potential head & shoulders pattern.
Stock ratings changes:
*XinRen initiated as Buy at DBSV with TP of $0.70
*Sembcorp Industries initiated as Buy at BNP with TP of $5.90
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