Buoyant start to 2010 by offshore stocks

COSCO CORP ($1.31) - Is this the real thing?

- Technically there appears to be institutional buying

- Quarterly momentum broke out of its resistance leveland continues to rise

- Immediate resistance at $1.44

- Support is at $1.23

KEPPEL CORP ($8.65) - Poised for breakout

- Quarterly momemtum is turning up and breaking out of an eight-month downtrend

- Break above $8.61 indicates a target of $9.61

- Break below $8.61 would negate the target

YANGZIJIANG SHIPBUILDING ($1.25) - Challenging resistance

- Prices are at resistance level

- Black candle and easing volume suggest that breakout is unlikely in near term

- Support appears at $1.19

- Prices should be able to break above $1.25 to $1.26 level before month is out

- If breakout occurs, new target is likely to be $1.50

ASL MARINE ($1.03) - Struggling at resistance

- $1 mark may provide resistance

- Support appears to be at 95 to 98 cents

SEMBCORP INDUSTRIES ($3.70) - Short-term retreat

- An earlier break above $3.51 indicated a target of $4.07 to $4.08

- Support should be raised to $3.58

SEMBCORP MARINE ($3.77) - Temporary retreat

- Support appears at $3.56

- Earlier break above $3.60 indicated a target of $4. This remains valid

(Source: TheEdgeSingapore, January 11 2010)

Stock picks for 2010

COMPANY	SHARE PRICE ($)	CHANGE YTD (%)	MARKET CAP ($ BIL)	FORWARD PER (TIMES)	YIELD (%)	WHO'S RECOMMENDING IT
ALLGREEN PROPERTIES	1.23	186	1.96	14.8	1.63	CREDIT SUISSE
A-REIT	2.08	54.6	3.89	16.5	2.96	CITIGROUP
CAPITALAND	4.16	62.3	17.67	28.9	1.32	CREDIT SUISSE
COMFORTDELGRO	1.61	11	3.36	15	3.12	CREDIT SUISSE
DBS GROUP HOLDINGS	14.98	77.9	34.19	16.6	3.74	CREDIT SUISSE & CITIGROUP
EZRA HOLDINGS	2.16	217.6	1.43	12.6	0.69	OCBC
GENTING SINGAPORE	1.18	174	13.79	-	-	OCBC
HYFLUX	3.59	100.6	1.89	26	0.96	OCBC
KEPPEL CORP	8.22	89.8	13.1	10.2	4.38	OCBC & CREDIT SUSSIE
MIDAS HOLDING	0.87	79.4	0.84	22	1.15	OCBC
MOBILEONE	1.88	27	1.68	11	7.13	OCBC & CREDIT SUSSIE
NEPTUNE ORIENT LINES	1.58	56	4.07	-	-	CREDIT SUISSE & CITIGROUP
NOBLE GROUP	3.14	207.8	12.07	16	2.06	OCBC
OLAM INTERNATIONAL	2.58	124.3	5.18	22.8	1.36	OCBC
PARKWAY HOLDINGS	2.8	125.8	3.16	27.7	-	CITIGROUP
SEMBCORP MARINE	3.62	115.5	7.5	14	3.04	OCBC
SINGAPORE AIRLINES	14.32	45.4	17	-	-	CREDIT SUISSE
SINGAPORE EXCHANGE	7.99	57.3	8.46	21.4	3.29	CITIGROUP
SINGAPORE PERSS HOLDINGS	3.61	18.9	5.75	13	4.43	CREDIT SUISSE
SINGAPORE TELECOMMUNICATIONS	3.05	19.6	48.59	12.8	4.3	OCBC
SMRT CORP	1.87	13.3	2.84	16	4.14	OCBC
STARHUB	2.11	8.8	3.62	11	8.77	OCBC
ST ENGINEERING						CITIGROUP
UNITED OVERSEAS BANK	19.44	50.5	29.63	16.2	3.09	CREDIT SUISSE & CITIGROUP
UOL GROUP	3.99	79.7	3.13	9	1.88	OCBC
WILMAR INTERNATIONAL	6.43	130.5	41.09	17.8	1.17	OCBC
WING TAI HOLDINGS	1.85	124.2	1.47	10	1.62	CREDIT SUISSE

(Source: TheEdgeSingapore, December 28 2009)

False start for upstream oil and gas

FEDERAL INTERNATIONAL (20.5 cents) - Deceptively buoyant
- Prices are unlikely to rush upwards immediately
- Resistance likely to appear at current levels
- Pullback to 19 cents cannot be ruled out

ROTARY ENGINEERING ($1.05) - Stuck in a range
- Short term indicators have turned up after positive divergences
- Resistance at $1.10

KS ENERGY SERVICES ($1.20) - Challenging resistance
- Support is at $1.14
- Break above $1.18 indicates a target of $1.35

SEROJA (72 cents) - Testing top of the range
- Support for any retreat appears at 68 cents
- Resistance at 75 cents
- A breakout indicates a target of 95 cents

TIONG WOON (66 cents) - Impending dead cross
- Resistance is at 70 cents
- Support has been established at 53 cents

PEC (69 cents) - Breaks out of ascending triangle
- Resistance is at 70 cents
- Downside shoule be limited with 67 cents as support level

(Source: TheEdgeSingapore December 14 2009)