SG Market

SG Market: Spore shares are likely to open higher following gains on Wall Street & slim margin win for govt’s preferred candidate in Spore’s presidential election but activity will likely be muted ahead of a public holiday on Tue. On the corporate front, China Minzhong 4Q results came in above forecast while Genting HK 1H11 earnings were in line. Goodpack turned in strong profit growth for FY11, which were within expectations. Tiger Airways may also be in focus after announcing the exit of former CEO Tony Davis, who was transferred to its Australian unit. Upside for STI tipped at 2780 with support at 2720.