Daily Archives: September 4, 2014

sgx 05 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 05 September 2014


  • Eight bids have been received for an executive condominium (EC) site along Choa Chu Kang Drive. Sim Lian Land placed the top bid of S$207.4 milion or S$361 per square foot per plot ratio (psf ppr) for the site, which is expected to yield an estimated 535 homes. ECs are a public-private housing hybrid with initial buyer eligibility and resale restrictions that are completely lifted 10 years after the completion of the project.
  • SINGAPORE Airshow, Asia’s largest aerospace and defence exhibition, contributed S$319 million to the Singapore economy in 2014. A study by Kadence International said that this was a 25 per cent increase from the 2012 edition and that the growth was supported by a substantial increase in foreign expenditure, which rose 30 per cent from 2012.
  • HDB resale prices slipped 1.1 per cent in August compared with July 2014, data from the Singapore Real Estate Exchange (SRX) shows. The three and four-room flats were the main drag, as their resale prices fell 2 per cent and 0.9 per cent respectively in August. The larger flats – five-room and executive flats – turned out to be resilient in August, with resale prices edging up 0.8 per cent and 1.5 per cent respectively.
  • CHARISMA Energy Services Limited said on Thursday that it has secured a US$72 million contract over a seven-year period to provide a fleet of five offshore support vessels for a Middle Eastern national oil company for use in the Arabian Sea. The provider of mechanical and electrical engineering services in Singapore said that the project will be funded through internal resources, as well as bank borrowings.


  • BUY OLAM INTERNATIONAL ABOVE 2.690 TG 2.730, 2.780, 2.840 SL2.640

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IForex Market Trading Signals and News of 04 September 2014


  • Forex-Dollar index still broadly supported, near 13-month highs.
  • Forex-Euro eases but remains close to 1-year lows.
  • Forex-EUR/USD touches session highs but gains checked.

NZD/USD hit 0.8288 during late Asian trade, the pair’s lowest since February; the pair subsequently consolidated at 0.8314, easing 0.03%.The pair was likely to find support at 0.8052 and resistance at 0.8390, Tuesday’s high. The greenback remained supported after the Institute of Supply Management reported on Tuesday that its manufacturing index jumped to 59 in August, the most since March 2011, while data firm Markit said its manufacturing index rose to 57.9, up from 55.8 in July.Investors were looking ahead to the latest U.S. Employment report, due for release on Friday, for further indications on the strength of the recovery in the labor market, a key factor in deciding the future path of monetary policy.

GBP/USD hit 1.6489 during European morning trade, the session high; the pair subsequently consolidated at 1.6488, adding 0.12%.Cable was likely to find support at 1.6446, the session low and resistance at 1.6615, Tuesday’s high.Market research group Markit said the seasonally adjusted Markit/CIPS Services Purchasing Managers Index rose to 60.5 last month from a reading of 59.1 in July. Analysts had expected the index to decline to 58.5 in August.The data came a day after data showed that activity in the U.K. construction sector expanded at the fastest rate since January last month.


1. Buy NZD/USD Above 0.8332-TG: 0.8352/0.8382 SL 0.8302
2. Sell NZD/USD Below 0.8273-TG: 0.8253/0.8223 SL 0.8303

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Comex Commodity Trading Signals and Market News – 04 September 2014


Natural gas prices edged lower on Wednesday after weather forecasting models continued to call for milder temperatures to move across the U.S. this weekend, which should cut into the need for air conditioning and thus reduce demand for the commodity at the nation’s thermal power plants. On the New York Mercantile Exchange, natural gas futures for delivery in October were down 1.32% at $3.839 per million British thermal units during U.S. trading. The commodity hit a session low of $3.838, and a high of $3.917. The October contract settled down 4.31% on Tuesday to end at $3.890 per million British thermal units. Natural gas prices jumped higher last week, rising above the $4 level for the first time since mid-July as higher-than-average temperatures bolstered the demand outlook. Demand for natural gas tends to fluctuate in the summer based on hot weather and air conditioning use.

Gold prices weakened marginally in Asia on Thursday with an eye on geoploitical tensions in the Ukraine and Middle East .On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at $1,269.50 a troy ounce, down 0.06%, after hitting an overnight session low of $1,262.10 and off a high of $1,272.00. Gold, a safe haven in times of geopolitical uncertainty, held onto its gains despite talk of a ceasefire in Ukraine.Ukraine’s President Petro Poroshenko said he had agreed with Russian President Vladimir Putin to take steps to establish a “permanent ceasefire” in eastern Ukraine.

Crude oil futures rebounded from the previous session’s steep declines on Wednesday, after Kiev said it has reached a deal with Russia for a ceasefire in eastern Ukraine. On the ICE Futures Exchange in London, Brent oil for October delivery rallied 1.3%, or $1.30, to trade at $101.65 a barrel during U.S. morning hours. Market sentiment improved after Ukraine’s President Petro Poroshenko said he had agreed on a “permanent ceasefire” with eastern Ukraine with Russian President Vladimir Putin. However, a spokesman for President Putin subsequently said he had not agreed to a ceasefire as Russia was not party to the conflict but added that the two leaders had “discussed how to end the conflict”


  • SELL GOLD BELOW 1266 TGT 1262,1256 SL 1271
  • BUY GOLD ABPVE 1276 TGT 1280,1285 SL 1270.50

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sgx 04 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 04 September 2014


  • SINGAPORE is the world’s second most competitive economy for the fourth year running, according to the World Economic Forum’s (WEF’s) latest Global Competitiveness Index (GCI). The 2014-2015 report released on Wednesday had Switzerland in first place for a sixth consecutive year. Using 12 pillars – including infrastructure, macroeconomic environment, health and primary education – the WEF GCI ranks the competitiveness performance of 144 economies worldwide, and is the most comprehensive assessment of its kind globally.
  • TUAN Sing Holdings Limited on Wednesday said it would buy over the 50 per cent stake in Australia’s Grand Hotel Group (GHG) belonging to joint venture partner Morgan Stanley, for A$126.04 million (S$146.5 million). When the deal is completed, Tuan Sing will have full control in GHG, which owns two five-star hotels in Australia – Grand Hyatt Melbourne and Hyatt Regency Perth.
  • JURONG Shipyard, a wholly owned unit of Sembcorp Marine is selling two tranches of bonds, one with a long 15-year duration, not seen in recent years for non-bank corporate issuers. This is a new issue by Jurong Shipyard, and two tenures are on offer – seven years and 15 years – according to a termsheet seen by The Business Times on Wednesday. The price guidance for seven-year bonds is low 3 per cent while the 15-year is in the 4 per cent area.


  • BUY CAPITALAND LTD ABOVE 3.380 TG 3.430, 3.480, 3.540 SL 3.320

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