24Apr
SGX Singapore

financial Sgx Singapore Stock Market Trading Picks And News – 24th April 2014

MARKET UPDATES

  • Singapore Exchange Ltd reported a 22 per cent fall in net profit on Wednesday, hit by a continued slide in share trading volumes, though a steady performance by its derivatives, listings and market data businesses meant it fared better than analysts expected. SGX posted a net profit of S$75.8 million (US60.33 million) for the March quarter, above the S$73.8 million.
  • SINGAPORE’S consumer prices rose 1.2 per cent in March from a year ago, as inflation rebounded from February’s four-year low of 0.4 per cent on the back of rising food and health care costs. This was slightly above the 1.1 per cent the market was expecting, going by the median forecast of 19 economists polled by Bloomberg before Singapore’s Department of Statistics released price data on Wednesday.
  • The Board of Directors of AIMS AMP Capital Industrial Reit Management Limited today announced Standard & Poors’ (S&P) had reaffirmed its ‘BBB-‘credit rating for the trust. S&P said it regards the trust “as one of the strongest trusts among Singapore-based industrial Reits that they rate.” The trust has a track record of expanding its portfolio and increasing its geographic diversity, while maintaining financial discipline,”according to S&P.

STOCK RECOMMENDATION

  • BUY WILMAR INTERNATIONAL ABOVE 3.500 TG 3.550,3.600, 3.670 SL 3.430

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