SG Market (07 Jan 13)

SG Market: S’pore shares may renew its upward momentum, tracking the positive finish on Wall Street, following a slew of positive US economic data. Above 3227, the next hurdle for the STI is tipped at the 3280 level with support at 3200. S-chips may continue to draw interest given the improved Chinese economy and cheap valuations, while investors still like Myanmar-related stories. But upcoming corporate results starting next week may create some uncertainty and volatility. SIA may come under some pressure after asking captains to volunteer to take unpaid leave amid a tepid long-haul travel market,' signaling that load factors and utilization may not be doing well. Meanwhile, the sale of Tiger Australia to Virgin has hit some regulatory roadblocks.