SG Market: S’pore shares are likely to be bolstered by strong overseas leads amid a glass-half-full approach to US jobless claims and China’s strong loans growth. Local players will also weigh Spore's stronger-than-expected 9.9% qoq 1Q12 GDP growth vs 6.3% forecast against the MAS' surprise slight policy tightening. China GDP data due later will be watched for cues.
3000 on the STI remains key resistance. Keppel is likely to see a positive reaction to its record US$4.2b LOI order from Sete Brazil for 5 semi-submersible rigs. Civmec is set to make its debut. Ezra is likely to be in focus after reporting fiscal 1H12 results, while STX OSV bags another contract.
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