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Monday, July 2, 2007

CSC & Tai Sin TA

Looking at the market sentiment. Singapore is having a construction boom which will last till 2011. CSC is the one listed company that is doing piling. 1 good point. every construction to start off always need piling to be done. from today's chart 02/07/07, a strong bullish trend is coming up. should be able to hit at least 50 cts by the end of aug. (mid term) long term wise should be able to hit 60 cts, by looking at the rate that this counter is going. construction chiong is still leading by YN.

next we look at tai sin. in every construction play or renovation or add on of electrical items, cables are always used. Since now is a contruction play for this period till 2011, tai sin will be one of the counter that will move up. currently tai sin is now forming a supporting line at 0.55 to 0.56.

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