20May
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 20th May 2014

MARKET UPDATES

  • CAPITAL markets doyen Eric Ang, will hand over the reins to his deputy Eng-Kwok Seat Moey come June 1, DBS Bank said Monday. Mr Ang, a career DBS banker of over 35 years and trailblazer of Singapore capital markets
  • Singapore on Monday opened an aquatic centre at its new S$1.3 billion (US$1.0 billion) sports hub and officials said the entire complex would be ready by late June despite teething problems. Lawrence Wong, Minister for Culture, Community and Youth, aid the sprawling complex will be opened in stages, with test events held in the coming weeks to help resolve operational problems.
  • SINGAPORE’S domestic wholesale trade fell 2.8 percent in the first quarter of 2014 compared to a year ago, data released by the Department of Statistics Singapore on Monday showed. The decrease was largely due to the petroleum and petroleum products as well as telecommunications and computers sectors, which registered declines of 7.6 per cent and 13.4 per cent in domestic sales.

STOCK RECOMMENDATION:

  • BUY COMFORTDELGRO LTD ABOVE 2.310 TG 2.350, 2.400, 2.460 SL 2.250

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