SG Market: Spore shares are likely to fall after Wall Street's decline, which came as US crude oil futures hit US$100/bbl on continued jitters over the unrest in Libya & the broader oil producing region. Volatility is likely to remain a theme for the local bourse near term as geopolitical events are driving markets worldwide.
Sunvic could see some interest following its blow-out results which saw 4Q10 net profit soar to Rmb300m driving FY10 earnings to a record Rmb650m, translating to FY10 P/E of 3.2x. Ezra may be in focus after its subsea arm wins a US$41m contract. New listing Dyna-Mac will make its debut after its IPO, which was 1.1x subscribed. Analysts tip 3050 as immediate support for the STI, followed by 3020 & 3000.
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