16May
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 16th May 2014

MARKET UPDATES

•retail sales slipped 3.9 per cent year-on-year in March, according to data from the Department of Statistics.However, stripping out the sales of motor vehicles – which were down 19.3 percent from March 2013 – sales still experienced a slight contraction, edging down 0.4 per cent.

•SINGAPORE’S Temasek on Thursday confirmed its investment in Virgin Mobile Latin America (VMLA). Temasek said on its website that the equity will help launch the Virgin Mobile brand in Mexico in 2014 and Brazil in 2015.

•OFFSHORE marine solutions provider Vallianz received a letter of award (LOA) for the provision of charter and ship management services worth US$82 million to a major offshore onstruction company for work in Latin America.

•SOUTH Korean shipping group, Pan Ocean Co Ltd, reported on Thursday that it has returned to the black for the first quarter ended March 31, 2014 after a painful “debt rehabilitation” process. Net profit was at US$33.81 million compared to a net loss of US$66.95 million a year ago.

STOCK RECOMMENDATION:

•BUY COMFORTDELGRO LTD ABOVE 2.270 TG 2.310, 2.350, 2.400 SL 2.210

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

Share this Story

About epicsingapore

Leave a Reply

Your email address will not be published. Required fields are marked *

*

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.