Corporate News -DBS, UOB, SGX, City, SIA
Posted On Thursday, February 21, 2008 at at 5:35 PM by Finance AnalysisDBS ($17.90) was $16.74 then and has also overshot our $18 sell target reaching $18.46. It should find support around $17.50 now and could test the latest highs soon.
UOB ($18.20) was $17.04 and rallied to $18.50 this week. Support is now around $17.70.
SGX ($9.08) remains a tricky stock as it held up well at $8.80-$9 that time but rebounded to only $9.50-65, indicating heightened market uncertainties. It should be a buy around $8.80-90.
Keppel ($10.44) dipped below our $9.80-$10 support to $9.76 and has moved back to old $10.70-$11 support. Buying on weakness towards $10.20 is called for as it could move back to $11.
City ($11.74) was picked at $11.26 and rallied to $12.38 with new higher support now at $11.50-60 and it should rally back to near $12.50 by the results release in a week’s time.
SIA ($15.56) was at $15.26 then, moving up to $16.18 and should continue to be well support at $15.-$15.20. Rebounds to above $16 call for profit-taking.
Source: AMFRASER