ST Engrg

ST Engrg: Signs agreement to launch A330 Passenger-to-Freighter conversion programme with EADS, Airbus and EADS EFW. Co will subscribe for 35% of EADS EFW for approx $186.6m with remainder held by EADS. EADS will also have a conditional call option to purchase co's 35% stake. This is expected to commence by end of 2012.

Genting SP

Genting SP: cuts TP to $1.65 from $1.77 while keeping a Hold call. Although Genting posted "decent sequential gaming volume growth in 1Q," with gross gaming revenue (GGR) up 10% on-quarter, the house sees "limited upside potential in the near term" given that fresh gaming ventures and junket benefits are likely to materialize only over the next 12 to 18 months. Cuts Genting's Ebitda forecasts--2012 by 3.9%, 2013 by 2.2% and 2014 by 3.3%--noting that improving underlying gaming trend didn't help earnings grow sequentially, as they were "eroded by higher marketing/commission expenses, bad debt provisions and a lower VIP hold of 3.4%." Based on the lower Ebitda forecasts, Genting's revised balance sheet, and expectations for higher capex, Deutsche cuts price target after valuing its gaming business at 12X 2012 forecasted EV/Ebitda. The stock falls 1.3% to $1.53 in a weak market.

COSCO (technical)

COSCO: Counter is in long-term downtrend with 50 day cutting the 200 day SMA. See support at $0.85 with nxt lvl at all-time low $0.60 (2008 crisis lvls). Short-term indicators are suggesting a possible bounce with positive divergences spotted, and MACD seeming to bottom. However, COSCO has repeatedly continued to fall despite prev positive signals.

YZJ (technical)

YZJ: General trend is still negative with strength yet to subside shown by still rising ADX. Indicators are negative, MACD still yet to find a bottom and both RSI and Stochastic moving further down despite oversold lvls. See support area at $0.86-0.88

Yoma (technical)

Yoma: Appears to be testing support at $0.36-0.365. MACD is turning up though downtrend has yet to abate, indicators are still generally bearish and in oversold region. Nxt support at $0.26-27.

UOB (technical)

UOB: Counter looks bearish within the short-term horizon. See support at $17.31. Indicators are negative and pointing down. Support looks to be tested. Resistance at gap opening at $17.97

Keppel Corp (technical)

Keppel Corp: Although RSI and stochastics are in oversold territory, there is no sign of a reversal yet. KEP is a potential breakdown candidate, as today’s break of the $10 key support-turned-resistance bodes negatively for near term price action. Stock could move to test next supports at $9.50 and $9.00.