SG Market: Spore shares are likely to open higher on positive cues from Wall Street. Traders are anticipating some stabilization & buying activity but the index is unlikely to see big moves ahead of key results from the blue chips, starting with DBS Bank this week. STI is expected to trade within 3,180-3,240 range.
Genting Spore may continue to be in focus after reporting record visitor traffic over the CNY period but murmurs are emerging that the casinos may face policy risks ahead of likely elections this yr. The stock fell 3.3% yday on concerns over earnings, due later this month, after rival Marina Bay Sands reported weaker than expected gross gaming revenue growth. News that Wilmar plans to invest US$900m in Indonesia palm oil processing plants will also keep the stock among the actives.
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