Yield plays retain value

M1 ($2.41) – Entrenched sideways
- Support is at $2.35
- Prices could well remain within narrow range
- Resistance at $2.46

SBS TRANSIT (($1.70) – Continues to trend down
- Support is at $1.65
- Resistance is at $1.735
- Prices are unlikely to make much headway in the near term

SINGAPORE TELECOMMUNICATIONS ($3.10) – Greater relative strength
- This counter has greater relative strength
- Prices may not break above resistance at $3.27
- Support at $3.04

SINGAPORE PRESS HOLDINGS ($3.63) – At support
- There is ample support at $3.60
- Any recovery is likely to be slow
- Resistance at $3.79

ST ENGINEERING ($2.63) – Poised for breakdown
- Prices are at support at $2.65
- Break below $2.65 would indicate a target of $2.25
- Indicators support breakdown scenario

STARHUB ($2.89) – Sideways trend
- Probably the strongest of the telcos at present
- Support is at $2.85
- Prices are not likely to break above resistance at $2.92

(Source: TheEdgeSingapore December 19, 2011)