SG Market: Spore share may be in for another rocky week & fall in line with losses on Wall Street, which has turned decidedly bearish. Volatility remains high & the STI is likely to breach the Aug low of 2720 before we see a technical rebound near the key support at 2650.
Keppel Land is in focus after acquiring a 21.5 ha lakeside residential site in Wuxi for Rmb1.94b to build 2,500 homes. OKP may also attract interest after China Sonangol bought an additional 15m shares, increasing its stake to 14.2%. Shipping related counter may face further slide from weak trade figures while commodity firms may get a little reprieve from the 0.9% rise in the CRB index.
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