30Apr
SGX Singapore

Financial Sgx Singapore Stock Market Trading Picks And News – 30th April 2014

MARKET UPDATES

  • THE Singapore government has released two sites at Tuas and one at Woodlands for sale in a tender under the first half of its Industrial Government Land Sales (IGLS) programme. The 3.9-ha site at Woodlands Ave 12 released by URA is zoned for Business-1 development and has a maximum permissible gross plot ratio of 2.5 with 30-year tenure.
  • COCA-COLA’S affiliate, DP Beverages, has partnered Singapore’s Agency for Science, Technology and Research to expand its technology presence in the city- state and develop new innovations that will “add value to consumers and support a sustainable world”. Coca- Cola will be able to tap on advanced technology and research expertise to optimize its production processes.
  • A 99-year private housing site in Sims Drive has attracted four bids at a state tender that closed on Tuesday.The top bid, from Guocoland unit First Changi Development, was S$530.891 milion. This translates to S$687.88 per square foot per plot ratio (psf ppr). The second highest bid, translating to S$650.45 psf ppr, was made by a City Developments, Hong Leong Holdings and TID joint venture.

STOCK RECOMMENDATION

  • BUY HONGKONG LAND ABOVE 6.980 TG 7.060, 7.140, 7.220 SL 6.900

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