SG Market (19 Oct 12)

SG Market: S’pore shares will continue to struggle up the wall of worry following Google’s trip, surge in US jobless claims and ongoing European summit. Players are also digesting latest batch of earnings reports. The STI is expected to stick to a 3020-3080 range. Among stocks likely in focus, Keppel reported 3Q12 results that were slightly ahead of expectations, while SGX 1QFY13 net profit came in below par. Mapletree Logistics Trust 2Q13 results was in line with a stable portfolio and dishing out higher DPU of 1.71¢. Far East Hospitality may see some interest after indicating its will double its assets in 5 years. But all eyes will be on new IPO debutants today – low grade coal producer Geo Energy, which is expected to open with a bang well above $0.40 and take the shine away from Religare Health Trust.