Managed to sell off some counters that I deemed moving sideways over the past couple of days. The market is certainly picking up this week, with movements from the 3 banks and Jardine group of companies.
Keppel Corp and Keppel Land seem to be rather bullish recently, and I expect the trend to sustain through till next week. Keppel's Brazil subsidiary had recently acquired a $800m contract from Noble, and their contract book seems optimistic enough to convince me to hold their stock at least into first quarter 2010.
Hyflux has called on a trading halt on news about the collaboration with JGC corp Japan for developing water projects in the PRC. Agreement is through and prices have gone up to a new level apparently, hitting $3.70 on the 14th. This is one counter that am seriously contemplating putting more funds into.
STI looks optimistic, possibly could hit 2900 coming into the new year.
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