MARKET UPDATES :
- Singapore’s annual consumer inflation rate probably accelerated to a six-month high in May, a Reuters poll showed on Thursday, due partly to higher transport costs and a low base in a year earlier. The median forecast of 10 economists in a Reuters poll forecast the consumer price index (CPI) in May rose 2.6 per cent from a year earlier, matching a pace last seen in November and accelerating from a 2.5 per cent increase in April.
- SINGAPORE Post Limited (SingPost) said on Thursday that it has won the 15th World Mail Award 2014 for e- commerce.The postal service provider, which has been in the limelight since China’s biggest e-commerce company, Alibaba, agreed to buy a 10 per cent stake in the company, said it beat rivals Deutsche Post and Cycleon to emerge winner in the e-commerce category for its low cost e-commerce delivery model.
- ASIATRAVEL.COM Holdings Ltd reiterated on Thursday that the company is in “varying stages of discussions with several potential parties to explore different opportunities for strategic collaboration and/or mergers and acquisitions”.
STOCK RECOMMENDATION :
- BUY NOBLE GROUP ABOVE 1.400 TG 1.430, 1.460, 1.500 SL 1.350