SG Market (16 Oct 12)

SG Market: S’pore shares may get a lift from the positive US retail sales and muted inflation data in China but interest may remain lackluster with no strong catalyst to drive markets higher. Immediate resistance for the STI is at 3050 with upside capped at 3100, while support lies at the 3000 psychological level. Among stocks in focus, M1 reported a disappointing 19.5% drop in 3Q12 net profit $33.1m, below expectations. Keppel Reit 3Q net profit was in line with estimates bringing 9M12 DPU +89.5% to 5.8¢.