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“CWT (C14.SG) +8.3% at S$0.845 in active trade, rising above S$0.80 for first time since July last year. Gains follow yesterday’s 5.4% rise, as investors continue to bet logistics group will soon unveil final plan to list REIT in Singapore. Shares +13.0% since company disclosed Dec. 17 it’s in advanced discussions over selling two properties in Singapore, leasing them back with aim to inject them into a property trust. Just this week alone, stock up as much as 15.6%, suggesting market hopeful deal will be finalized soon. Analysts generally upbeat about proposal, saying special dividend for shareholders may be in store, with CWT able to channel proceeds to other business segments while enjoying regular stream of dividends from REIT. Having cleared S$0.80, stock’s next near-term resistance at S$0.88, minor peak in June 2008.”

“Genting Singapore (G13.SG) retreats on broad market pullback following 9.4% rally this week triggered by optimism over opening of gaming group’s Sentosa casino-resort early next year. Stock off 2.3% at S$1.25 on strong volume, second top decliner among STI components in percentage terms after Cosco (F83.SG). “There are a lot of syndicates behind the stock, which has run up a lot because of the hype over the opening. But I wouldn’t recommend it to anymore as the price doesn’t justify the fundamentals,” says analyst at bank-backed brokerage. Still, having been on mostly sustained uptrend since Dec. 15, with stock +17.4% since, current pullback not likely to persist in sessions ahead, barring any market shocks. Support expected at S$1.20, last closed below this level Dec. 24.”

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