Sunday, December 5, 2010

M1 Dividend stock

M1 closed $2.32 breakout above a short term resistance trendline, this is a defensive stocks that gives high dividend yield 5.81%(bloomberg), suitable for investor who are looking for dividend income. However it is near it's all time high at $2.36, if it can stay above this level we shall see more upside on this stock.

Stamford Tyre: announcing result ard 9 dec

STI outlook,(long-term: uptrend, Mid-term: downtrend, Short-term: Rebound), we can start to pick up some good stocks this week, gearing remain low. Good stocks are those stocks that never drop much during previous downturn. E.g KepCorp, Kepland, Coscocorp, (most palmoil stock except Wilmar), NOL, Sembmar, StamfordLd