SG Market: Spore shares are likely to open lower, taking the bearish cues from Wall Street overnight, giving traders more excuses to take profit. The STI may test its support at 3220. All eyes will be on China's 4Q GDP (expected to be 10.3%) & inflation data for clues on Beijing's likely monetary tightening course. CMT (in line) & M1 (lower qoq earnings but higher divd payout) will be in focus after both reported 4Q results while
SembMarine may fare well & test recent high of $5.47 after announcing its first jack up rig contract win of the year, worth US$182m, which will bring its ytd orders to $448m. Trading of Cosco is halted on possible asset injection by parent. First Resources may face some pressure from vendor placement of 90m shares at $1.48-1.55. Both Rotary & PEC announce new EPC contracts.
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