Friday, May 20, 2011

SG Market

SG Market: Spore shares have a positive lead after Wall Street ended in positive territory overnight, though weaker commodity prices may weigh on selected stocks, while the broader market is expected to be muted. Resistance on the STI remains at 3180 with support at 3110. Tiger Airways will be in play after 4Q results missed estimates & announced acqn of stake in Indonesia's Mandala Airlines; STX OSV may gain after securing contracts worth about US$107m while SingTel could see interest in Telkom’s Telkomsel share buyback plan.

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