SG Market (18 Jan 13)

SG Market: S’pore shares may get a slight uplift from Wall Street on the upbeat pair of economic data but traders are likely to wait for China's 4Q GDP data later this morning. The STI may regain the 3200 level with overhead resistance at 3235 and underlying support at 3180. Reits may be in focus after MLT, CMT, Sabana and Cambridge released results, while GLP is selling 3 more properties to J-Reit for ¥12.6bn or $173m. SembMarine also ushered in 2013 with a series of cruise ship repair contracts worth $60m. Property stocks may face some pressure as Fraser Centrepoint/Far East becomes the first developers to cut prices for its Q Bay condo project after the 7th round of cooling measures.