GuocoLeisure

Watch for break above 70.5c ... potential to hit 76c if this resistance is taken down ... watch for it ...

Hoe Leong

strong support at 39.5c area ... price could hit 45c again .. watch out for volume to return ...

Ramba

very good support at 44-46 area ... stock look set to touch 515-540 again .. watch out for volume to return ...

National Ship to set sail ?

very strong resistance at 194-198 area , however i expect this resistance to be taken down soon .. NOL could hit 2.20 soon .. watch out for it ....

i extract the following report from CIMB dated 2nd Mar 2010 ;

Maintain OUTPERFORM and target price of S$2.60; no change to earnings. NOL’s
period 1, 2010 operating statistics (six weeks from 26 December 2009 to 5 February
2010) saw a 10% sequential rise in average freight rate, the first material rise in more than a year, while demand remained strong. We believe the rise in average rate
reflects the successful transpacific (TP) emergency revenue charge from 15 January,
and possibly the re-pricing of Asia-Europe (AE) contracts. NOL is a strong beneficiary of improving TP rates, as more than half of NOL’s revenue comes from the TP. We expect successful renegotiation of the annual TP contracts come May/June to be the key re-rating catalyst. Our target price is based on a 1.8x P/BV multiple, which is based on a 20% premium to the upper limit of its 0.5x-1.5x historical trading band excluding the 2.5x reached during the super peak of 2007). Also, NOL’s virtually zero-debt balance sheet will enable it to accumulate distressed assets, if any.

Ang Mo Kio CC Hong Bao Rapid Open Chess Challenge 2010

congra Yi Quan(under 8) and Qi Xun(Young Beginner) for coming in third in their respective category ... :-))