MARKET UPDATES :
- SINGAPORE’S economic forecasters have lowered their 2014 inflation projections from a quarter ago even as they kept growth forecasts intact, a recent survey by the Monetary Authority of Singapore found. The median inflation forecast of the 23 economy watchers who responded to the central bank’s poll in late May fell to 2.2 per cent, from 2.8 per cent in the March edition of the survey.
- SINGAPORE Telecommunications (SingTel)’s wholly- owned unit, Amobee, on Wednesday morning said it will be acquiring cross-channel digital advertising group Adconion and data analytics firm Kontera for over US$350 million, to build a one-stop digital advertising platform.
- CONSTRUCTION group and property developer Tiong Seng on Wednesday signed a joint-venture (JV) agreement with two listed Japanese companies to manufacture and supply precast tunnel segments to the Singapore and Malaysia markets.
STOCK RECOMMENDATION :
- BUY ORIENTAL CHINESE BANKING ABOVE 9.800 TG 9.900, 10.000, 10.120 SL 9.700