25Aug
sgx 25 14

Financial Sgx Singapore Stock Market Trading Picks And News –25th August 2014

MARKET UPDATES :

  • Singapore’s industrial production in July likely posted its first month-on-month rise since March, a Reuters poll showed on Friday, adding to signs that manufacturing activity may have bottomed out after weakening in the second quarter.
  • THE secured pre-commitment at Asperia is below expectations, but the tenants it has secured should translate to a sustainable income stream for Ascendas Real Estate Investment Trust (A-Reit), said OCBC Investment Research (OIR) on Friday. According to A- Reit’s management, Asperia has secured pre- commitment for 46 per cent of its space, with another 15 per cent in advanced negotiations.
  • CAPITALAND Treasury Limited, a wholly owned subsidiary of CapitaLand, has priced the offering of S$500 million, 3.80 per cent fixed-rate notes due 2024. The notes will be issued under a S$5 billion Euro Medium Term Note Programme established in August 2012 and updated in September last year.
  • BOC Aviation has priced A$125 million in 6.5-year fixed rate senior unsecured notes due 2021.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.390 TG 3.440, 3.490, 3.560 SL 3.320

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