19May
sgx2

Financial Sgx Singapore Stock Market Trading Picks And News – 19th May 2014

MARKET UPDATES

UNITED Overseas Bank (UOB) has become the first Asian member of Eurex Clearing, the clearing house for the Deutsche Borse group. This takes place as the German exchange operator makes a big push into Asia, and after the Monetary Authority of Singapore gave approval in 2012 for banks in Singapore to offer clearing services on the Eurex Exchange, the largest derivatives exchange in Europe.

MAPLETREE Investments Pte Ltd reported on Friday a net profit of S$859.4 million for the full year ended March 31, 2014, down 7.8 per cent from a year ago when earnings were lifted by disposal gains. The property group, whose assets include Vivo City in Singapore, said total revenue was S$548.6 million, compared to S$686.3 million for fiscal year 2013.

STATS ChipPAC Ltd extended its early Friday rally to hit 47 cents, up 22 per cent in the afternoon. it has received a non-binding expression of interest from a third party keen on buying all its shares.

STOCK RECOMMENDATION:

  • BUY CAPITAMALLS ASIA ABOVE 2.350 TG 2.390, 2.430, 2.480 SL 2.290

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