Daily Archives: September 24, 2014

sgx 25 sep 14

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


  • Singapore shares dipped on Wednesday with the benchmark Straits Times Index down 5.28 points to close at 3,292.81. Volume was 1.28 billion shares worth S$860 million. Losers outnumbered gainers 223 to 175.
  • The Asia-Pacific Trade and Investment Report (APTIR) 2014 published by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the developments in 2013 and so far in 2014, continue to show that the prolonged consequence of the global 2008 financial crisis is still posing risks to the trade prospects of Asia and the Pacific.
  • THE ANZ-Roy Morgan Singapore Consumer Confidence Index rose slightly in September from a month ago to 120.7 points, said ANZ Research on Wednesday. The slight increase in confidence over the month – up just 1.7 points – was driven by an improvement in the assessment of current and future financial situations, according to the index, which was launched early this month. This contrasts with a sharp 16.9-point dive.
  • CUSHMAN & Wakefield said on Wednesday that Singapore Grade A office rents are expected to rise to the highest since 2008 by the end of this year. This comes as average Grade A overall rents has already risen to their highest in three years to S$10.20 per square foot per month or 2 per cent higher than a quarter ago, and 9.9 per cent stronger than a year ago. Some new leases recorded during the quarter include advertising and marketing firm Publicis taking up 33,000 square feet (sq ft) of space at [email protected] At 6 Battery Road, insurance broker Willis has signed a lease for about 22,000 sq ft of space, while management consultancy firm Bain & Company took up an 18,000 sq ft unit in South Beach.
  • JUMBO Group plans to sell shares to raise about S$30 million in an IPO, said Bloomberg on Wednesday, citing sources. Jumbo intends to use some of the proceeds to expand in China, Bloomberg said. It cited a company spokeswoman saying that Jumbo does not discount such plans, but would not comment on “market speculations”.
  • British holidays and airline company Monarch is set to be acquired by Greybull Capital after the London- based family investment firm was named as its preferred bidderThe new owner would invest around £75 million (S$155.8 million) in the airline, a person familiar with the matter said, to help fund its plan to turn into a budget airline to better compete against Europe’s biggest low-cost carriers Ryanair and easyJet .
  • NEC Corporation said on Wednesday that it is partnering Singapore’s Economic Development Board (EDB) to grow the pool of specialists to counter cyber threats The multi-year agreement through EDB’s Strategic Attachment and Training (Strat) Programme aims to equip qualified cybersecurity professionals and graduates with skills in areas of malware analysis, incident response, intrusion detection, digital forensics and vulnerability assessment According to a Mckinsey and World Economic Forum report, delays in adopting cybersecurity capabilities could result in a loss of US$3 trillion in economic value by 2020 globally.
  • SINGAPORE mutual fund investors want a stream of income from their investments and have a stronger home bias than regional investors. These were the main takeaways from an online survey of 300 investors here, commissioned by Prudential’s Asia asset management arm Eastspring Investments. The desire forincome is more pronounced among those who are married with children and those who are planning to buy a mutual fund in the next six months. Asked how they would change their strategy if there is an interest rate hike, nearly a quarter said they would invest more in an income-generating fund. Eastspring’s survey was conducted in July. Out of the 300 Singapore investors surveyed, two-thirds were mutual fund investors and one-third comprised prospective investors.
  • Singapore offshore oilfield services company Ezra Holdings has agreed to defer for up to three years the majority of cash owed for assets bought by affiliate Emas Offshore Ltd. Ezra in July said it planned to sell its offshore support services division to Emas Offshore for US$520 million, made up of US$370 million worth


  • BUY CITY DEVELOPMENT LTD ABOVE 9.700 TG 9.780, 9.880, 10.000 SL 9.600

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Comex Commodity Trading Signals and Market News – 24 September 2014


Natural gas prices fell on Tuesday after updated weather-forecasting models scaled back on calls for colder temperatures dipping across the U.S., with milder temperatures seen reducing the need for air conditioning or heating. On the New York Mercantile Exchange, natural gas futures for delivery in November were down 0.87% at $3.874 per million British thermal units during U.S. trading. The commodity hit a session low of $3.866, and a high of $3.959.The November contract settled up 0.13% on Monday to end at $3.908 per million British thermal units.Natural gas futures were likely to find support at $3.864 per million British thermal units, Monday’s low, and resistance at $3.958, the session high.

Crude oil prices gained slightly in Asia on Wednesday after bullish industry data on U.S. stocks.The American Petroleum Institute showed a 6.5-million-barrel drop in crude stocks in the past week. The API also said gasoline supplies rose by 91,000 barrels, while distillate inventories rose by 3 million barrels.On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in November traded at $91.64 a barrel, up 0.09%, after hitting an overnight session low of $90.66 a barrel and a high of $91.89 a barrel.Brent oil fell 12 cents, or 0.1%, to $96.85 a barrel on ICE Futures Europe on Monday. Overnight, crude prices jumped after data revealed Chinese factories have been busier this month than markets were expecting.China’s HSBC manufacturing index for September came in at 50.5, ahead of expectations for 50.0 and up from the final reading of 50.2 in August.

Gold prices fell in Asia on Wednesday on profit taking after solid overnight gains on a mix of a weaker dollar and geopolitical tension. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,222.90 a troy ounce, down 0.16%, after hitting an overnight session low of $1,214.70 and off a high of $1,235.60. Overnight, gold futures rose as investors sold the dollar for profits, while U.S.-led air strikes in Syria fueled safe-haven demand for the precious metal.Profit taking sent the dollar edging lower on Monday, wiping out a rally stemming from expectations for U.S. monetary policy to grow less accommodative at a time when European and Japanese monetary authorities take steps to loosen.Markit Economics reported earlier that its preliminary U.S.manufacturing purchasing managers’ index came in at 57.9 in September, unchanged from August and the highest since April 2010 though shy of market calls for a 58.0 reading, which allowed the dollar to take a break from its rally.


  • BUY GOLD ABOVE 1225 TGT 1229,1233 SL 1220
  • SELL GOLD BELOW 1219 TGT 1215,1210 SL 1224

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IForex Market Trading Signals and News of 24 September 2014


  • Forex-Dollar off 4-year highs as rally stalls.
  • Forex- Dollar dips against yen, euro steady after China data.
  • Forex-Yen, Aussie flat to stronger ahead of China HSBC flash PMI

EUR/USD was up 0.18% to 1.2871, off session lows of 1.2816. The pair was likely to find support at 1.2815, Monday’s low and a 14 month trough and resistance at around 1.29. The euro rose to session highs against the dollar on Tuesday after data showed that output in the euro zone private sector grew at the slowest rate so far this year in September, adding to fears over the outlook for the recovery in the region..The bloc’s services PMI slid to a three month low of 52.8 from 53.1 last month, while the manufacturing index ticked down to a 14 month low of 50.5 from 50.7 in August.The data indicated that the euro area economy is on track to grow by 0.3% in the third quarter, and also signaled that growth could slow further in the fourth quarter

GBP/USD edged up 0.08% to 1.6372, coming off the lows of 1.6303 hit earlier in the session.Cable was likely to find support at 1.6286, Monday’s low and resistance at around 1.6410.The pound erased losses against the dollar on Tuesday as the greenback took a breather following its recent run higher, while elsewhere sterling was lower against the euro.The dollar has rallied in recent months, boosted by expectations that the strengthening recovery in the U.S. would prompt the Federal Reserve to raise interest rates sooner than markets expectThe Office for National Statistics reported that public sector net borrowing, excluding public sector banks, was £11.6 billion in August 2014, an increase of £700 million compared with August 2013The preliminary reading of China’s HSBC manufacturing index for September came in at 50.5, ahead of expectations for 50.0 and up from the final reading of 50.2 in August..


1. Buy EUR/USD Above 1.2908-TG:1.2928/1.2958 SL 1.2878
2. Sell EUR/USD Below 1.2886-TG:1.2866/1.2836 SL 1.2916

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sgx 24 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 24 September 2014


  • SINGAPORE shares end 0.05 per cent higher on Tuesday. The Straits Times Index closed up 1.52 points at 3,298.09. Some 1.38 billion shares valued at S$931.9 million changed hands. Losers beat gainers 186 to 246.
  • CONSUMER price inflation eased more than expected to 0.9 per cent in August from 1.2 per cent in July, again because of lower private road transport costs. The median forecast of 20 economists polled by Bloomberg before the Department of Statistics released the data on Tuesday was for a 1.1 per cent year-on-year rise in the consumer price index (CPI) Private road transport costs fell by 2.9 per cent, largely due to lower certificate of entitlement (COE) premiums in the month before. This followed July’s drop of 1.6 per cent.
  • Singapore billionaire businessman Peter Lim, who once courted Liverpool, is set to take a 50 per cent stake in Salford City FC. Papers have been submitted to the Football Association to formalise the acquisition of the shares of the club owned by the five former Manchester United players known as the ‘Class of ‘92’. Gary and Phil Neville, Ryan Giggs, Paul Scholes and Nicky Butt will each retain a 10 per cent stake in the Evo-Stik Division One North clubLim has long been linked with owning an English club and in 2010 withdrew a bid to buy Liverpool.
  • The International Atomic Energy Agency’s (IAEA) Convention on the Physical Protection of Nuclear Material (CPPNM) and the instrument of acceptance to its 2005 AmendmentSingapore will become a party to the CPPNM 30 days after the instrument of accession is deposited with the IAEA, said the Ministry of the Environment and Water Resources (MEWR) in a statement. According to IAEA, the amended Convention makes it legally binding for states to protect nuclear facilities and material in peaceful domestic use, storage and transport. It also provides for expanded cooperation among states on rapid measures to locate and recover stolen or smuggled nuclear material, mitigate any radiological consequences of sabotage, and prevent and combat related offences.
  • SINGAPORE Airlines (SIA) and Air New Zealand’s strategic alliance will take off from Jan 6 next year, which will add capacity between the two countries as well as offer passengers codeshare connectivity to both carriers’ networks. Under the alliance, which was first announced at the beginning of this year, the two Star Alliance carriers will operate one return service daily between Singapore and Auckland, while SIA will operate a daily return service between Singapore and Christchurch. n addition, passengers will gain access to 40 destinations in Air NZ’s network via codeshare flights, while Air NZ will codeshare on 50 other destinations in SIA and SilkAir’s network.
  • CIMB Research has raised its recommendation and target price for Far East Hospitality Trust (FEHT), after the trust announced its joint venture with Far East Organization Centre to develop a new S$443.8 million hotel in Sentosa, Singapore. Given that FEHT’s contribution to the proposed JV will be fully funded via debt, we view it positively as no equity dilution is expected consequently,” said CIMB, which upgraded the stock to “hold” from “reduce”. It also upped the target price to S$0.83 from S$0.80. Shares of FEHT gained on Tuesday, trading at S$0.815, up half a cent.
  • A SURVEY commissioned by Principal Global Investors on Tuesday showed investors are becoming more cautious, and are looking to mitigate unrewarded risk. The survey showed retail investors are accepting lower yield, while high net worth individuals have shifted from a blanket focus on alpha – a common measure of performance that takes risk adjustments into account – to focus on risk mitigation, the survey said. The emphasis on real estate investment is particularly stark for the latter group: investor interest shot to 61 per cent this year, up from 37 per cent in 2012. Principal Global Investors is the institutional asset management arm of the Principal Financial Group. It managed US$328.2 billion of assets as at June 30, 2014.


  • BUY DBS GROUP HOLDING ABOVE 18.390 TG 18.520, 18.650, 18.800 SL 18.250

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