SG Market: The STI may see a little bounce today, helped by Wall Street's uptick on upbeat earnings. STI fell for its 4th straight session yday, losing 1.5% since Apr 13 & currently sitting at support around 3120. Near term focus will be on earnings as we enter the reporting season but results released so far have been somewhat neutral. With GE date set on May 7, that may generate some interest but the impact on mkt will be limited unless the outcome is significant & focus will likely remain ex unless the outcome is significant & focus will likely remain external devts.
Stocks in focus:
*KepLand 1Q results in line; net profit $92.1m +46% yoy, revenue $357.9m +236% yoy
*Straits Asia results way above expectations; 1Q net profit US$41.36m vs US$11.2m yoy, revenue US$213.7m +39% yoy on prodn gains
*CapitaCommercial Trust 1Q distributable income $52.1m -4.1% yoy, DPU 1.84c
*Capitaland/CapitaCommercial Trust to jointly redeveloping Market St Car Park.
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