SG Market (12 Nov 12)

SG Market: S’pore shares are likely set for a quiet session ahead of a bevy of earnings announcements and a public holiday on Tue, as the deadlock over fiscal cliff continues and the latest Greek bailout package still hangs in the balance. Support for the STI is tipped at 2980 with overhead resistance seen at 3040. Genting S’pore and Comfort DelGro are set to report earnings after the market-close. Golden Agri is also reporting 3Q earnings but results are expected to be in line with Wilmar's mildly encouraging results. First Resources 3Q results were a pleasant surprise with net profit rising 26% to $64m.