20Aug
sgx 20aug 2014

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

MARKET UPDATES :

  • DBS Bank has been named the best bank in the Asia-Pacific region, according to Global Finance magazine’s “World’s Best Banks 2014 Awards”. The annual listing includes the best bank worldwide for corporate, consumer and private banking, emerging markets, frontier markets, Islamic finance, asset management, global custody, investment banking, cash management, trade finance, foreign exchange, sub-custody and supply chain finance.
  • WHO says nobody shops at the Great Singapore Sale (GSS) anymore? According to MasterCard, the annual sale is still drawing shoppers. MasterCard cardholders, for instance, spent US$1.66 billion at this year’s GSS, an increase of 11.2 per cent from last year.
  • NOMURA Securities and Citi have upgraded their target price for OCBC Bank shares.On Tuesday, Nomura upgraded OCBC shares to a “buy” from “neutral” and has also revised up its target price to S$11.90 a share from S$11.50 previously.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.380 TG 3.420, 3.470, 3.530 SL 3.320

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