Daily Archives: September 15, 2014

sgx 16 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 16 September 2014


  • Singapore’s Ministry of Manpower released detailed unemployment data for the second quarter of 2014 on Monday. The final second quarter jobless rate of 2.0 per cent was unchanged from the preliminary estimate released on July 31. Total employment rose by 27,700 in the second quarter of 2014, compared to a gain of 33,700 in the same quarter a year ago and a gain of 28,300 in the first quarter of 2014. This brought total employment to 3,549,900 in June 2014, up 3.8 percent from a year ago.
  • RETAIL sales rose 5.5 per cent year-on-year in July, lifted by sales of motor vehicles. But without motor vehicles, sales would have dipped 0.4 per cent. The total retail sales value for July was estimated at S$3.2 billion, up from S$3 billion in the corresponding month a year earlier, according to a release from the Department of Statistics on Monday During the month of July, sales of motor vehicles surged by as much as 41 per cent year-on-year. Sales of department stores (5.6 per cent) and supermarkets (5 per cent) were also higher. Meanwhile, categories which saw year-on-year falls include furniture and household equipment, which was down 6.5 per cent, as well as recreational goods, which was down 6.1 per cent.
  • SINGAPORE shares ended 0.99 per cent lower on Monday. The Straits Times Index fell by 33.08 points to close at 3,312.47 . Some 1.35 billion shares valued at S$909.2 million changed hands. Losers beat gainers 356 to 96.
  • The unemployment rate in Singapore remained low amid the tight labour market in the first half of 2014, said the Manpower Ministry (MOM) on Monday. The seasonally adjusted citizen unemployment rate was 2.9 per cent in June this year, while the resident long-term unemployment rate remained among the lowest globally at 0.6 per cent, said the ministry in a statement on the latest labour market developments. Foreign employment growth continued to slow in the first half of 2014. The 3,800 foreign workers added was the lowest since the 700 in the third quarter of 2009, contributing to lower year-on-year total employment growth of 3.8 per cent in June.
  • SINGAPORE’S National Environment Agency (NEA) . expects hotspots to persist and the 24-hour Pollutant Standards Index (PSI) here to fluctuate between the high-end of the “moderate” range and the low-end of the “unhealthy” range for the rest of the day. This can be expected given the continued dry weather in southern Sumatra. Singapore experienced elevated levels of PM2.5 from 10pm on Sunday to 7am on Monday, affecting mainly the western region which saw the 24-hour PSI enter the “unhealthy” range at 6am this morning. As at 9am on Monday, the reading stood at 105 in the western region and 78-84 elsewhere. (A PSI reading of between zero and 50 refers to good air quality, while a reading of between 51 and 100 means air quality is in the moderate range. Air quality with a PSI reading above 100 is considered unhealthy)
  • RISING costs, shortage of skilled workers and flagging customer demand are top concerns among Singapore businesses which are investing in their talent pool and information technology to overcome these hurdles, according to a recent survey The UOB Asian Enterprise Survey 2014 – on the impact of trade flows on Asian businesses’ regional expansion – noted that while Singapore firms are looking beyond the shores for growth, they are also tackling major challenges on To overcome the labour and skills shortfall, businesses are innovating with productivity-related investments which the survey said will capture about 50 per cent of their total investments. the home front. Some of the demographic challenges include a low birth rate and an ageing population. This translates to a smaller base of working-age citizens which has led many corporations to depend on overseas labour.
  • Asian markets retreated Monday, led by Hong Kong after data at the weekend showed Chinese industrial output expanded in August at its slowest rate since the global financial crisis. Wall Street provided a negative lead after another round of solid indicators fanned expectations the Federal Reserve will hike interest rates sooner than later. The pound edged lower as investors grow jittery about Thursday’s knife-edge Scottish independence referendum, which could see the country break away from the United Kingdom. Hong Kong slipped 0.76 per cent and Shanghai eased 0.18 per cent, Sydney lost 0.63 per cent and Seoul was 0.32 per cent lower.


  • BUY JARDINE CYCLE ABOVE 43.350 TG 43.550, 43.800, 44.200 SL 43.10

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Comex Commodity Trading Signals and Market News – 15 September 2014


Gold prices fell early in Asia on Monday as demand prospects waned with expectations that the U.S. Federal Reserve could raise interest rates within the first half of 2015.On the Comex division of the New York Mercantile Exchange, goldfor December traded at $1,228.60 a troy ounce, down 0.24%, after hitting a session low of $1,228.10 a troy ounce on Friday, a level not seen since Jan. 9.Prices recovered on Friday to settle at $1,231.50, down $7.50, or 0.61%.The data came after a government report showed that U.S. retail sales rose 0.6% last month, in line with expectations.

Crude oil prices fell sharply in Asia on Monday with the drop spurred by weak demand amid ample global supplies .On the New York Mercantile Exchange, crude oil for delivery in October traded at $90.36 a barrel, down 1.11%, after closing Friday down 0.6% to end the week at $92.27 a barrel. Last week, crude oil futures revisited levels close to multi -month lows as ample global supplies and concerns about a slowdown in demand continued to weigh. On the ICE Futures Exchange in London, Brent Oil for October delivery slumped 0.99% on Friday to settle at $97.11 a barrel by close of trade.

• U.S. natural gas futures clawed back from the previous session’s sharp losses on Friday, as concerns over tropical storm activity in the Gulf of Mexico prompted traders to return to the market and seek cheap valuations. On the New York Mercantile Exchange, natural gas for delivery in October tacked on 3.4 cents, or 0.89%, to settle at $3.857 per million British thermal units by close of trade on Friday. A day earlier, natural gas prices plunged 13.1 cents, or 3.31%, to end at $3.823.

• The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran. But as rising supplies of North American crude and tepid demand have pushed prices below $100 a barrel, the move underlies how the shale oil revolution is creating a political and economic advantage for Washington and its Western allies. Russia and Iran are heavily reliant on oil sales and face budget shortages at current price levels, analysts say, weakening their position when negotiating over Ukrainian sovereignty or the Iranian nuclear deal.


  • BUY GOLD ABOVE 1240 TGT 1244,1249 SL 1235
  • SELL GOLD BELOW 1230 TGT 1226,1221 SL 1235

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IForex Market Trading Signals and News of 15 September 2014


  • Forex-Dollar holds near 14-month highs, U.S. data in focus.
  • Forex-Dollar extends gains on rate hike prospects.
  • Forex-EUR/USD gains as dollar rally takes a breather.

USD/JPY was 0.17% at 107.28, up from a session low of 106.97 and off a high of 107.40.The pair was expected to test support at 104.67, last Friday’s low, and resistance at 108.0, the high from Sept. 19, 2008.The Thomson Reuters/University of Michigan preliminary consumer sentiment index rose to a 14-month high of 84.6 this month from 82.5 in August. Analysts had expected the index to rise to 83.3 in September.The report came after official data showed that U.S. retail sales rose 0.6% last month, in line with expectations. Retail sales for July were revised to a 0.3% gain from a previously estimated flat reading.Friday’s data fueled already growing expectations that the Federal Reserve will hike interest rates earlier than markets were expecting, with tightening seen taking place now in mid-2015

GBP/USD hit 1.6218 during European morning trade, the session high; the pair subsequently consolidated at 1.6247, inching up 0.06%.Cable was likely to find support at 1.6168, the low of September 7 and a 10-month low and resistance at 1.6339, the high of September 5.Markets shrugged off official data showing that U.K. construction output was flat in July, compared to expectations for a 0.7% rise, after an increase of 1.2%.Meanhile, demand for the dollar continued to be underpinned by expectations for an early hike in U.S. interest rates, despite data on Thursday showing that U.S. Jobless claims rose more than expected last week.A study by the San Francisco Fed published on Monday indicated that central bank officials see rates rising sooner than markets expect.


1. Buy USD/JPY Above 107.47-TG:107.67/107.97 SL 107.17
2. Sell USD/JPY Below 106.60-TG:106.40/106.10 SL 106.90

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sgx 15 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 15 September 2014


  • POPULAR Holdings on Friday reported a 76.8 per cent increase in net profit to S$9.4 million for its first quarter ended July31, 2014. Its turnover rose 5.9 per cent to S$141.4 million, thanks to higher revenue from its retail, distribution, publishing and e- Learning divisions. Earnings per share improved 81.5 per cent to 1.18 Singapore cents, from 0.65 Singapore cents a year ago.
  • Pan Ocean said on Friday it would sell its near 85 per cent stake in Heungkuk Mutual Saving Bank for 2.2 billion won (S$2.7 million) to Investor United Inc. The company said this followed a breakdown in negotiations with Hankuk Steel Wire Co earlier this year to seal the disposal. The company has received written permission from the relevant Korean court on Friday, and the sale contract will be finalised upon due approval of Financial Service Commission of Korea. According to earlier press reports, the company was pursuing the business of ship financing, and did so by snapping up 84.4 per cent of Heungkuk Mutual for US$30.5 million in 2011.
  • FUJI Offset Plates Manufacturing Ltd on Friday said that it was unaware of any reasons, other than its announced disposal of a property, that explain the unusual price movements in its shares recently. The company was responding to a trading query from the Singapore Exchange on Friday. Fuji said that it had announced on Sept 2 the proposed disposal of a property located in Johor at the sale price of 35 million ringgit (S$13.8 million).
  • Asia and second in the world for intellectual property (IP) protection for the fourth straight time, the latest World Economic Forum’s (WEF) Global Competitiveness Report showed. In a press statement on Friday, the Intellectual Property Office of Singapore said that in the area of franchising and licensing, Singapore was estimated to have over 600 franchising systems with more than 40,000 franchisees in 2012, accounting for 18 per cent of total domestic retail sales volume.
  • Singapore’s sovereign fund GIC is joining PSP Investments and Ontario Teachers’ Pension Plan in together investing US$700 million in XPO Logistics Inc, the US company said, adding it plans to use proceeds for unspecified acquisitions In a statement released in the United States, XPO said the deal will be carried out through the sale of newly issued common stock and preferred stock to the investors, who will hold about 22 per cent of XPO after conversion. Greenwich, Connecticut-based XPO, a provider of freight transportation services, has a market value of US$1.8 billion.
  • DEL Monte Pacific swung into the red in its first quarter compared to a year ago on higher expenses, it said in a statement on Friday. It said that net loss for the three months ended July stood at US$21.9 million, compared with a net profit for US$4.15 million for the year-ago period. This was due mainly to higher expenses, including expenses linked to the acquisition of Del Monte Foods, Inc (DFMI). General and administration expenses jumped .
  • SINGAPORE Telecommunications Limited (SingTel) unveiled on Friday changes to its organisation structure, which will see Allen Lew, its CEO of Group Digital L!fe, appointed as CEO Consumer Australia and CEO Optus. Mr Lew will be based in Australia. Paul O’Sullivan will be appointed as Optus chairman.
  • VIVA Industrial Trust on Friday said that its trustee would acquire two industrial properties for S$112.8 million. It would buy Jackson Square, which comprises four blocks of light industrial buildings at 11 Lorong 3 Toa Payoh with a gross floor area (GFA) of approximately 418,586 sq ft, for S$80 million. It would also buy Jackson Design Hub, a five-storey modern light industrial building at 29 Tai Seng Street with a GFA of about 85,070 sq ft, for S$31.5 million. Following completion of the acquisitions, the real estate investment trust will increase its investment.


  • BUY JARDINE CYCLE ABOVE 43.750 TG 44.000, 44.300, 44.700 SL 43.450

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