SG Market (04 Feb 13)

SG Market: S’pore shares are likely to open higher, building on last week's gains as Fri's US jobs and manufacturing data boost sentiment, adding to positive momentum stemming from stronger Chinese manufacturing data. These factors are likely to increase the appetite for risk, and could give Asian markets a lift for the coming session. The benchmark STI index could potentially overcome the 3300 psychological level to test the next resistance at 3320. Among stocks in focus: *HPH Trust: 4Q results came in slightly ahead of estimates. While throughput and revenue were below projections, the trust is sticking to its 2012 DPU by virtue of cost controls. For 1H13, HPH Trust will distribute HK27.19¢, which brings full-year DPU to HK51.24¢ giving a yield is about 8% based on yesterday's closing price of US$0.82. *CRCT: 4Q results beat expectations with distributable +7% to $66.8m on rental growth and higher revenue-sharing income from its 9 retail malls I China, HK and Macau. Paying DPU +0.9% of 2.3¢ for 4Q bringing full year DPU to 9.54¢. *Informatics: CEO resigns.