SG Market: Spore shares are likely to open flat with a slight upward bias following the modest rise in the US markets overnight. The STI index should continue to consolidate in the 3220-3280 range in the absence of fresh catalysts. Most Reis are releasing 4Q & 2010 earnings reports this week. Early indications from K-Green & CCT are largely in line on flat to softer qoq net property income and possible negative rental revisions, the results are unlikely to move prices.
Rotary is in the news with a glowing BT article on its overseas forays in Mid-East & Europe. OUE may also be in focus on newswire report of a 42.6m share placement by Credit Suisse at $3.35-3.50.
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