The STI has charged past the 3,400 mark. With this uptrend, the economic outlook in US, the current apparent “stabilization” of the Eurozone debt crisis, it is easy to believe that the Singapore stock market here is on a bull run next. Analysts have forecasted that the STI could even surge to the 3,600 mark. However, from all my analysis, the upsurge in the STI cascades down to only a select number and type of stocks here on SGX. Some laggard stocks, languishing currently remain to be laggards. Such stocks include commodities in the likes of Golden Agriculture and Noble Group. There is some rises in the above two stocks’ prices recently due to the good quarterly earnings announcement from another commodity player, Wilmar. We must wait till next week for the earning results of Golden Agriculture and Noble Group. I believe the earnings will be good for Noble Group ......
