28Apr
financial

Financial Sgx Singapore Stock Market Trading Picks And News – 28th April 2014

MARKET UPDATES

  • SINGAPORE’S manufacturing sector expanded by a surprising 12.1 per cent in March compared to a year ago, thanks to double-digit jumps in transport engineering and biomedical output. This came after February’s revised year-on-year pace of 13.1 per cent(previously estimated at 12.8 per cent). The 18 economists polled by Bloomberg prior to the data release had a median growth forecast of 6.4 per cent.
  • RESALE prices of public flats here slipped further in the first quarter by 1.6 per cent from a quarter ago, afterfalling 1.5 per cent in the fourth quarter of last year, For the first time since 2007, HDB has ceased publication of the quarterly median cash-over- valuation by town and flat type.
  • OCBC will maintain the quality of its loan portfolio with its $6.23 billion acquisition of Wing Hang Bank, said OCBC chief executive Samuel Tsien on Thursday. Responding to a query at a shareholders’ meeting, Mr Tsien said Wing Hang’s non-performing loan ratio stands at 0.44 per cent, which is lower than OCBC’s 0.7 per cent.

STOCK RECOMMENDATION

  • BUY SMRRT CORPORATION ABOVE 1.280 TG 1.320,1.360, 1.420 SL 1.220

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