Spore Market (22 / 5 / 12)

Spore Market: SG shares likely to open higher after Wall Street rebounds on hopes of some stability being restored to the eurozone, with the mkt more confident that Greece will try and tow the line and stay in the EU, although things can change quite drastically. Investors are now awaiting the June 17 Greece election for cues on the eurozone's economic and political future. Expects the STI to trade in a 2750-2800 range in the near-term. Stocks in view include GLP after it announced a US$169m project in Japan, and commodities plays such as Golden Agri-Resources and Wilmar. JEL could also be in focus after new wires reported that Popiah King Sam Goi look set to become a director in the co.