SG Market (20 Jun 12)

SG Market: S’pore shares may open higher, tracking regional markets' gains, stoked by hopes the FOMC will announce easing measures after its meeting later. But whether gains prove sustainable is questionable. The amount of speculation for a form of stimulus has seen the markets factor in at the very least an extension of Operation Twist. Investors will also be watching for the size and duration of the program, which may open the door for some disappointment if it does not materialize. Immediate resistance for STI is tipped at 2870 with support around 2800 and then 2780. Among stocks in focus: *STX OSV secures NOK700m contract for 2 PSVs from Farstad Shipping *Yangzijiang exits one of its microfinance units *ST Engrg electronics unit stands good chance to land RM32m M’sian MRT contract *Asiamedic enters China's private healthcare industry