Daily Archives: October 7, 2014

7Oct
sgx 8 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 08 October 2014

MARKET UPDATES :

  • THE government will still keep a close watch on the inflow of foreign workers – even as no further major measures are planned to tighten the foreign worker policy.”We need to continue monitoring closely, to ensure that we stay on track in avoiding over-dependence on foreign workers,” Prime Minister Lee Hsien Loong said on Wednesday morning at the launch of the Productivity Month. Repeating what he said last week at the National University of Singapore Society Lecture, Mr Lee said he did not expect further measures to squeeze the inflow of foreign workers.
  • SINGAPORE Telecommunications has teamed up with network security company FireEye to enhance cyber-security in the Asia-Pacific.Under the deal, the two parties will co-invest US$50 million over the next five years to build new Advanced Security Operation Centres (ASOCs) in Singapore and Australia. They will also work to build up cyber- security expertise, including training up to 150 professionals to operate the ASOCs.The partnership will establish the first SingTel Managed-Defence solution, powered by FireEye in the Asia-Pacific. The two companies will collaborate to raise awareness and knowledge of next-generation cyber threats through biannual Asia Pacific- focused threat advisory reports.
  • THE Causeway toll hikes could affect the profit margins of some Singapore-based SMEs, even though they are generally expected to have a limited impact on businesses here, Minister of State for Trade and Industry Teo Ser Luck said in parliament on Tuesday. Saying that the impact of the Causeway toll hikes on economic activity in Singapore was likely to be small, he explained that this was because land transport cost constituted a small proportion of total business costs of firms in Singapore – at only around 3 per cent for companies in the manufacturing sector and at 1 per cent for those in services.
  • DBS Bank has launched a new programme, DBS Business Class, for start-ups and SMEs who are looking for business advice and opportunities across Asia.Delivered through a mobile app, the programme allows entrepreneurs to consult and connect with industry experts, investors, and fellow entrepreneurs. Members can also access news and articles on topics pertinent to starting and running their businesses, and attend exclusive networking events .Lim Chu Chong, head of SME Banking, DBS Bank said: “We found that fast-growing SMEs need help connecting with investors and experts when they are scaling up their business. By building a mobile platform which allows SMEs to access business advice, insights and exclusive networking opportunities, we hope to help SME owners build social capital and sharpen their competitive edge.”
  • YONGNAM Engineering will sell a Malaysia plant in Nusajaya, Johor, to Axis Real Estate Investment Trust for RM153.5 million (S$60.1 million).Based on a valuation report issued by CCO & Associates on March 19 this year, the market value of the property is RM167.5 million. Upon the sale transaction, Yongnam Malaysia will remain the tenant of the property for a period of 15 years. This will follow the concurrent execution of the lease agreement entered between Yongnam Malaysia and the real estate investment trust, which is being held in escrow.
  • RATINGS agency Moody’s said on Monday that the gradual decline in Singapore’s private home price index for the third quarter is credit positive for Singapore banks as it relieves pressure on bank asset quality “Further price increases would have increased the risk of a real estate price bubble bursting,” Moody’s said in its credit outlook noted on Monday, commenting on the Urban Redevelopment Authority’s flash estimate released last week .

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 41.400 TG 41.900, 42.200, 42.600 SL 41.100

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

7Oct
sgx 07 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 07 October 2014

MARKET UPDATES :

  • YONGNAM Engineering will sell a Malaysia plant in Nusajaya, Johor, to Axis Real Estate Investment Trust for RM153.5 million (S$60.1 million).Based on a valuation report issued by CCO & Associates on March 19 this year, the market value of the property is RM167.5 million.Upon the sale transaction, Yongnam Malaysia will remain the tenant of the property for a period of 15 years. This will follow the concurrent execution of the lease agreement entered between Yongnam Malaysia and the real estate investment trust, which is being held in escrow.The two parties will endeavour to complete the sale transaction before Dec 31. The lease agreement becomes effective as of the completion date.
  • MORE than 1,200 e-applications have been received for Lake Life, a 546-unit executive condominium housing project near Jurong Lake.The e-applications were received from Saturday October 4 to Monday. E-applications will close on Oct 12. The current indicative average pricing is around S$880-890 psf. Firm pricing will be released on Nov 5.
  • DBS Bank has completed its purchase of the Asian private banking business of Societe Generale in Singapore and Hong Kong, as well as selected parts of its trust businessThe group noted that DBS Private Bank and Societe Generale Private Banking Asia (SGPB Asia) are highly complementary in terms of clients, geographical coverage as well as product and service offerings. The completion of the acquisition significantly increases the scale of DBS’ wealth management business and strengthens the bank’s position as a leading wealth manager in Asia, DBS said in a news release on Monday. With the successful acquisition of SGPB Asia’s business, DBS’ high net worth assets under management – those of high net worth individuals with more than S$1.5 million each in investible assets – now amount to S$88 billion. Assets under management for all wealth customers – including customers from DBS Treasures, DBS Treasures Private Client and DBS Private Bank – are now S$129 billion.
  • RATINGS agency Moody’s said on Monday that the gradual decline in Singapore’s private home price index for the third quarter is credit positive for Singapore banks as it relieves pressure on bank asset quality. “Further price increases would have increased the risk of a real estate price bubble bursting,” Moody’s said in its credit outlook noted on Monday, commenting on the Urban Redevelopment Authority’s flash estimate released last week “Despite a few isolated cases driving a small increase in problem home loans in second-quarter 2014, we expect the asset quality of housing loans to only deteriorate mildly but still remain robust this year and next owing to stable economic growth, low unemployment and a small increase in interest rates,” it added.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.470 TG 9.530, 9.600, 9.700 SL 9.390

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

7Oct

Comex Commodity Trading Signals and Market News – 07 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Tuesday, continuing a weak trend as expectations grow for a rate hike by the Federal Reserve next year. On the Comex division of the New York Mercantile Exchange, Gold for December delivery traded at $1,206.70, down 0.10%. Overnight, gold futures inched higher, but held below the key $1,200-level as upbeat U.S. employment data underlined optimism over the strength of the economy and fueled expectations that the Federal Reserve will begin to raise rates sooner than previously thought.

Brent oil futures fell to a 27-month low during U.S. morning trade on Monday, amid ongoing speculation rising global supplies will be more than enough to meet slowing demand. On the ICE Futures Exchange in London, Brent oil for November delivery hit a session low of $91.27 a barrel, a level not seen since June 2012.Prices recovered to last trade at $91.44 during U.S. morning hours, down 88 cents, or 0.95%, from Friday’s closing price of $92.31.

• U.S. natural gas futures gave back all of the previous session’s strong gains during U.S. morning trade on Monday, as market players positioned themselves for a bearish weekly storage report later in the week. On the New York Mercantile Exchange, natural gas for delivery in November traded at $3.921 per million British thermal units during U.S. morning hours, down 11.8 cents, or 2.92%. Natural gas prices hit a session low of $3.900 earlier in the day, a level not seen since September 25.U.S. gas futures surged 10.7 cents, or 2.72%, on Friday to settle at $4.039 as market players wagered that cold weather across the U.S. will boost demand for heating.

Copper futures edged higher during European morning trade on Monday, as the greenback took a breather from its recent rally against a basket of other major currencies sparked by upbeat U.S. employment data. On the Comex division of the New York Mercantile Exchange, copper for December delivery traded at $3.015 a pound during European morning hours, up 1.6 cents, or 0.54%, from a closing price of $2.998 on Friday.Futures were likely to find support at $2.985, the low from October 2, and resistance at $3.039, the high from October 2.

Crude oil futures edged higher during European morning trade on Monday, but gains were limit amid speculation rising global supplies will be more than enough to meet slowing demand.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1208 TGT 1212,1217 SL 1203
  • SELL GOLD BELOW 1203 TGT 1199,1193 SL 1208

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

7Oct

IForex Market Trading Signals and News – 07 October 2014

TRADING TIPS :

  • Forex-Dollar rally stalls after record run higher.
  • Forex-Euro pushes higher as dollar pauses.
  • Forex- USD/CHF edges lower in quiet trade.

EUR/USD
EUR/USD was up 0.22% to 1.2542, easing back from Friday’s two year trough of 1.2499.The US Dollar Index, which tracks the performance of the greenback against a basket of six major currencies, slipped 0.21% to 86.60, not far from Friday’s four-year peaks of 86.79. It notched up its twelfth consecutive weekly gain last week, the longest rally since the index was created in 1971.Demand for the dollar continued to be underpinned after Friday’s stronger-than-forecast U.S. jobs report fuelled expectations that the Federal Reserve could raise interest rates in the middle of next year.

USD/JPY
USD/JPY was down 0.23% to 109.52, off Friday’s highs near six year highs of 109.86.The US Dollar Index, which tracks the performance of the greenback against a basket of six major currencies, dipped 0.12% to 86.69, not far from Friday’s four year peaks of 86.79. It notched up its twelfth consecutive weekly gain last week, the longest rally since the index was created in 1971.The U.S. economy added 248,000 jobs in September, the Labor Department reported Friday, well ahead of forecasts for jobs growth of 215,000. The unemployment rate ticked down to 5.9%, the lowest level since July 2008The robust data reinforced expectations that the strengthening economic recovery may prompt the Federal Reserve to raise interest rates sooner..

RECOMMENDATION :

1. Buy EUR/USD Above 1.2583-TG:1.2603/1.2633 SL 1.2553
2. Sell EUR/USD Below 1.2532-TG:1.2512/1.2482 SL 1.2562

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.