SG Market: Spore shares could see a rough open tracking weakness on Wall Street, weighed by weak manufacturing data out of China and Europe. Added to this, the market looks quite overbought with low volumes indicating sidelining of investors. STI is tipped to trade rangebound between 2960 and 3000 in the near term with a downward bias.
Genting Spore will draw attention after being issued its first-ever junket licenses, likely boosting the casino operator's VIP business. Hyflux may also be in focus after announcing a partnership with Japanese firms to develop a US$600m desalination plant project in India.
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