SG Market: S’pore shares may stall amid a three-way tug-of-war between news that China will boost liquidity, via a cut in banks' reserve-requirement ratios, caution ahead of Spain's 10-year-bond auction today and a negative cue from Wall Street. Caution is likely to be the key buzzword at the moment with European debt woes remaining in the background.
Expect the STI to trade within the choppy 2970-3030 band. Among stocks likely in focus, Keppel Land reported better-than-expected 70% rise in 1Q12 net profit, while Cache Logistics 1Q12 results were on par. Meantime, Hotel Properties is looking to issue perpetual securities and NOL priced a $400m 5-year bond.