Daily Archives: September 16, 2014

sgx 17 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 17 September 2014


  • SINGAPORE shares ended 1.2 per cent lower on Tuesday.The Straits Times Index fell by 39.85 points to close at 3,272.62. Some 1.54 billion shares valued at S$1.27 billion changed hands. Losers beat gainers 396 to 87.
  • EZION Holdings secured yet another contract to provide a service rig to support a regional national oil company. The US$76 million contract is over a three-year period and comes with extension options. The rig expected to be deployed and working in the South-east Asian waters by end 2016. OCBC announced the buy back of 100,000 shares on Monday after market closed at the price of S$9.76, taking its total shares purchased to date by way of market acquisition to more than 8.6 million, forming 0.25 per cent of company’s issued shares, excluding treasury shares.
  • OCBC announced the buy back of 100,000 shares on Monday after market closed at the price of S$9.76, taking its total shares purchased to date by way of market acquisition to more than 8.6 million, forming 0.25 per cent of company’s issued shares, excluding treasury shares. The bank, which has been re-appointed as the Baby Bonus Bank – a role assumed since 2008 – said the protection plan will be more affordable and targeted at addressing the needs of new parents . MaxMaternity Care is a three-year policy that aims to protect the expectant mother against maternity complications from as early as the 13th week of pregnancy, and to continue protecting the newborn against congenital illnesses until the policy matures,” OCBC said.
  • THE Public Transport Tripartite Committee (PTTC) has outlined the guidelines on good employment practices that will be required of public bus operators as Singapore prepares for changes to its public bus transport system. This comes after the government announced earlier this year a planned shift to a bus contracting model where the government would own the buses and bus infrastructure, while routes will be contracted out for operators to run. Operators will be paid a fee for their service while the government will retain fare revenue.All bus routes will be progressively tendered out in packages, starting with three packages in 2014/2015, which could see new operators joining incumbents SMRT and SBS Transit.
  • INDUSTRIAL and Commercial Bank of China (ICBC) on Tuesday said its Singapore branch has issued a total of four billion yuan (S$821.4 million) of “Lion City” hybrid bonds, with two of the three tranches being dual listed on the Singapore Exchange (SGX) and the GreTai Securities Market (GTSM).This is the biggest Lion City bond issuance to date, breezing past the previous two billion yuan record ICBC had set in 2013. It is also the first time a Chinese bank has issued dual-listed tranches.The four billion yuan hybrid bond issue was priced in three tranches; one for two-year bonds to raise two billion yuan, a second for five-year bonds to raise 700 million yuan, and the final for seven-year bonds to raise 1.3 billion yuan.The bonds were priced with a coupon of 3.5 per cent, 3.7 per cent, and 3.95 per cent respectively.
  • BUREAU Veritas, a testing, inspection and certification agency, announced on Tuesday that it has acquired a 70 per cent stake in Singapore consultancy CKM Consultants Pte Ltd.The acquisition of the engineering and construction services firm will pave the way for the Euronext Paris-listed Bureau Veritas to take part in Singapore’s public-sector construction projects and to expand into private-sector projects in the longer term, it said. The partnership follows CKM Consultants’ clinching of a S$26 million contract to perform comprehensive “qualified-person supervision” – a supervisory service it has been accredited to perform – on four stations of the upcoming Thomson Line. The railway line is expected to open in phases from 2019. Bureau Veritas believes that the acquisition will enable it to inject its global practices into its Singapore partner, as well as bring CKM’s expertise to overseas markets, especially in South-east Asia.


  • BUY CITY DEVELOPMENT LTD ABOVE 9.600 TG 9.680, 9.780, 9.900 SL 9.500

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Comex Commodity Trading Signals and Market News – 16 September 2014


Gold prices dipped in Asia on profit taking and ahead of a key Federal Reserve announcement on monetary policy this week.On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at $1,233.50 a troy ounce, down 0.13%, after hitting an overnight session low of $1,226.40 and off a high of $1,239.00. Overnight, gold prices rose after mixed U.S. data gave investors room to snap up nicely-priced positions in the commodity. In a report, the Federal Reserve Bank of New York said that its general business conditions index increased to a five-year high of 27.5 this month from 14.7 in August. Analysts had expected the index to rise to 16.0 in September A separate report showed that U.S. industrial production fell 0.1% last month, disappointing forecasts for a 0.3% gain. Industrial production for July was revised down to a gain of 0.2% from a previously reported increase of 0.4%.

Crude oil prices eased ahead of industry data on U.S. stocks and as a weak demand profile against ample supplies continued to weigh.On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $91.89 a barrel, down 0.11%, after hitting an overnight session low of $89.90 a barrel and a high of $91.83 a barrel. The global Brent oil contract on the ICE Futures Europe exchange fell 0.5% to $96.65 a barrel, the lowest settlement since June 28, 2012. Brent is down 17% from the 2014 high reached in mid-June. The October Brent contract expired with the close of trading Monday.

Oil prices rose in U .S. trading on Monday after mixed data weakened the U.S. dollar, though soft Chinese factory data capped oil’s gains. The November contract settled down 0.53% at $91.37 a barrel on Friday.

Natural gas prices rose on Monday after updated weather-forecasting models called for seasonably warm temperatures across the southern U.S., which should boost demand for air conditioning. natural gas futures for delivery in October were up 1.44% at $3.913 per million British thermal units during U.S. trading. The commodity hit a session low of $3.840, and a high of $3.952. The October contract settled up 0.89% on Friday to end at $3.857 per million British thermal units. light sweet crude oil futures for delivery in November were up 0.27% at $91.62 a barrel, while heating oil for October delivery were up 0.13% at $2.7441 per gallon.

Copper futures started the week lower on Monday, after data showed that China’s factory output grew at the weakest pace in nearly six years in August, adding to concerns over a slowdown in the world’s second largest economy.


  • BUY GOLD ABOVE 1238 TGT 1242,1247 SL 1233
  • SELL GOLD BELOW 1232 TGT 1228,1223 SL 1237

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IForex Market Trading Signals and News of 16 September 2014


  • Forex-Dollar holds near 14-month peak ahead of Fed meeting.
  • Forex-Euro lower as China slowdown fears weigh.
  • Forex-Dollar holds near 14-month peak ahead of Fed meeting.

USD/JPY held steady, just below six-year highs at 107.25 as the diverging monetary policy stance between the Fed and the Japanese central bank continued to pressure the yen lower.The yen came under pressure last week after Bank of Japan Governor Haruhiko Kuroda said that the bank would be prepared to immediately loosen monetary policy or implement other measures if its 2% inflation target becomes difficult to meet.The euro fell against the dollar, to trade close to 14-month lows with EUR/USD down 0.32% to 1.2924.Market sentiment weakened after data on Saturday showed that Chinese industrial output slowed sharply last month.

GBP/USD dipped 0.10% to 1.6249, but remained comfortably supported above the 10-month lows of 1.6050 struck last Wednesday. Cable was likely to find support at around 1.6185 and resistance at about 1.6280.The latest opinion polls on the Scottish independence referendum indicated that the outcome of the vote is too close to call.Concerns over the prospect of a yes vote sparked a selloff in the pound last week after polls indicated that support for the yes vote had edged into the lead for the first time since the start of the pro-independence campaign.Uncertainty over what currency an independent Scotland would use, as well as concerns over how much of the U.K. national debt it would take on have rattled financial markets.


1. Buy USD/JPY Above 107.47-TG:107.67/107.97 SL 107.17
2. Sell USD/JPY Below 106.80-TG:106.60/106.30 SL 107.10

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