SG Market (10 Apr 13)

SG Market: S’pore shares may get a lift from the positive leads on Wall Street and Nikkei’s 0.7% rise in early morning trades. But gains may be capped by continuing concerns about possible flare-up in China’s bird flu situation and ongoing tensions in the Korean peninsula. Technically, the STI remained range-bound between immediate support at around the 3280 zone, where the 20 and 50-dma sit and oppsie resistance at 3320 level. Stocks to watch out for: *Midas: Awarded $17.3m SMRT car body contracts for new trains on the NEL and CCL. *ComfortDelgro: Acquires London bus operations from First Group for £56m *WBL/UE: Independent financial adviser recommends shareholders reject UE's $4.15 offer for WBL. *Chasen: Secured a Rmb48m equipment moving project for TFT/LCD manufacturer in China. *United Fiber: Received several expressions of interest for troubled construction arm Poh Lian, which is under judicial management