SG Market (23 Oct 12)

SG Market: S’pore shares will again try to find its footing after a lackluster start to the week. Some US earnings bright spots such as Yahoo could help carry sentiment higher initially, although subdued trading is likely to continue this week if earnings remain downbeat as a whole. The STI remains pegged below the 3050 resistance with 3020 acting as support. F&N will remain in focus as takeover possibilities continues. AsiaMedic may jump to life after announcing a 2nd MoU to explore Myanmar healthcare collaboration. CRCT 3Q results came in in line with expectations. Tianjin Zhongxin gave a positive 3Q results guidance of 40-60% earnings growth.