SG Market (23 Jan 13)

SG Market: S’pore shares are likely to push higher following positive leads from Wall Street as traders await stronger signals from upcoming corporate results and guidance. The STI could remain range-bound between resistance at 3238 and support at 3200. Earnings could set the tone for trading with SGX 2Q results coming in slightly ahead of estimates, while a host of Reits – Suntec, MIT, FCT, CCT all raised their quarterly DPUs, in line with expectations. Civmec could draw some interest after securing $50m contracts linked to 2 O&G projects in Australia.