SG Market (01 Feb 13)

SG Market: S’pore shares are expected to go into consolidation mode and pull back some gains following the slight trip-up on Wall Street ahead of the US employment data this Fri. Upeer resistance for the STI is at 3280 followed by 3320, while underlying support is at the 20-dma at 3230. Among stocks in focus: *Osim – Strong set of 4Q results with net profit +33% to $22.6m as it continued to enjoy strong sales from new product launches and key markets such as China. GNC stores did well. Revenue rose 8% to $154.6m. DPS of 2¢ (1¢ final + 1¢ special) *Fragrance – 4Q profit more than doubled +112% to $34.5m on progressive income recognition from various development projects as revenue rose 44% to $101.5m. *Global Premium Hotels – 4Q net profit fell 18% to $4.3m, hurt by higher finance and staff costs even as revenue roe 7% to $15.2m. *Ntegrator – Secures 2-year contracts worth $50m for operations and maintenance of the next gen national broadband network from a regional telco, possibly SingTel. *JES – Issues profit warning on significant losses in 4Q12 *Halcyon Agri – IPO debut today via placement of 61m shares at $0.36. Based on IPO price of $0.36, this rubber processor trades at 16x P/E vs 18x for GMG Global. *Hafary Holdings – Trading halt pending announcement.