SGX Stock Market

27Oct
sgx 27 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 27 October 2014

MARKET UPDATES :

  • SINGAPORE share prices opened higher on Monday with the Straits Times Index up 5.63 points to 3,228.18.Volume was 63.5 million shares worth S$111.9 million Gainers outnumbered losers 86 to 39.
  • ISOTeam intends to acquire four local companies for an aggregate consideration of about S$11.0 million, under a plan to become a complete building and maintenance team, said the repairs, redecoration, addition and alteration specialist on Monday. The four companies are Accom International, Accom Pte Ltd, Industrial Contracts Marketing (ICM) and Rong Shun Landscape & Construction.
  • A MAJOR stumbling block to Malaysia’s ambitious multi-billion dollar bank merger between CIMB Group, RHB Capital and Malaysia Building Society Bhd may have been cleared, owing to high-level talks between the leaders of Malaysia and Abu Dhabi.
  • A STRONG opening for Europe and expectations of a strong session for Wall Street helped the Straits Times Index (STI) on Tuesday close 21.69 points higher at 3,202.74 after an indifferent session in the morning and most of the afternoon.Turnover amounted to a mediocre 1.1 billion units
  • The dim stock market dragged Singapore Exchange’s (SGX) fiscal first quarter down by 16 per cent, but some bright spots could be found in the market operator’s derivatives business and liquidity improvement measures.Net profit for the period ended Sept 30 slid to S$78
  • This week should decide the epic October battle between bulls and bears as verdicts on third-quarter economic growth, Federal Reserve policy and corporate earnings all hit the tape.US stocks rallied last week and major indices accumulated their biggest weekly gains in more than a year as
  • IT’S an uncomfortable question that’s being asked. With heightened costs and yet unclear benefits, whether Singapore’s economic restructuring policy is working out is an issue that is increasingly coming to the fore.
  • The recent weeks have seen preliminary Q3 GDP growth estimates falling short of expectations, the unusual situation of core inflation surpassing headline inflation, and apointed International Monetary Fund (IMF) report flagging the threat to Singapore’s competitiveness. And still, the latest round of economic restructuring, with its stress on lifting productivity and curbing cheap foreign labour, is well into year five without yielding significant countable gains
  • THIS week should decide the epic October battle between bulls and bears as verdicts on third-quarter economic growth, Federal Reserve policy and corporate earnings all hit the tape.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.130 TG 3.180, 3.240, 3.320 SL 3.070

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

21Oct
sgx 22 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 22 October 2014

MARKET UPDATES :

  • MORE small- and medium-sized enterprises (SMEs) in Singapore are expanding overseas to seek sustainable revenue growth, this year’s DP SME Development Survey has found.The proportion of Singapore SMEs with overseas revenue increased in 2014 to half, after having declined last year to 46 per cent from 54 per cent in 2012. This year’s increase was seen across all turnover ranges – an indication that SMEs of all sizes are looking beyond Singapore for growth opportunities. Said Jacelyn Teo, the group director for planning in International Enterprise (IE) Singapore:
  • China’s economic growth cooled to 7.3 per cent between July and September from a year earlier, the weakest expansion since the global financial crisis and reinforcing expectations that Beijing will need to roll out more stimulus to avert a sharper slowdown.With a faltering property market increasingly dragging on manufacturing and investment, the reading was the slowest for the world’s second-largest economy since early 2009, when the growth rate tumbled to 6.6 per cent.
  • Singapore shares were up on Tuesday with the benchmark Straits Times Index gaining 21.69 points to close at 3,202.74.Volume was 1.13 billion shares worth S$962.8 million.Gainers outnumbered losers 229 to 182.
  • CASINO Genting Singapore, which saw its share price plummet to its lowest level in more than four years recently, is worth a “hold”, as value is starting to emerge around current levels.The company is also seen as “a decent bet” as a strong contender for Japan’s potential US$10 billion integrated resort (IR) project, OCBC Investment Research said on Tuesday.But while Japan’s Prime Minister Shinzo Abe’s main ruling Liberal Democratic Party (LDP) is aiming to have a new Bill on gambling ratified in the current Diet session, opposition to the Bill has been strong, delaying a setback to operators anxious for the launch of Asia’s next big gambling market.
  • SUNTEC Real Estate Investment Trust’s (Suntec Reit) distribution per unit (DPU) for the third quarter ended September 30 inched up from 2.289 Singapore cents a year ago to 2.328 Singapore cents. Total distribution income of S$58.3 million for the July 1 to Sept 30 period was 12.4 per cent higher than the previous year.On the retail portfolio, the committed occupancy for Suntec City Phase 1 and Phase 2 was 98.9 per cent while Park Mall maintained 100 per cent committed occupancy. The overall committed occupancy for the retail portfolio stood at 98.4 per cent as at Sept 30.
  • SINGAPORE Exchange (SGX) on Monday launched its yuan futures. Transactions in these yuan futures reached a volume of 1,846 contracts, representing about 1.1 billion yuan (S$229 million) in notional value.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 18.170 TG 18.270, 18.320, 18.490 SL 18.050

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

20Oct
sgx 21 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 21 October 2014

MARKET UPDATES :

  • SINGAPORE share prices closed higher on Monday with the Straits Times Index up 13.32 points to 3,181.05. Volume was 1.07 billion shares worth S$1.04 billion. Gainers outnumbered losers 243 to 173.
  • Hong Kong shares finished slightly higher on Monday, underpinned by positive US economic data and in line with regional bourses, but investors stayed cautious due to recent volatility. The Hang Seng Index closed up 0.2 per cent at 23,070.26 points. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong rose 0.6 percent. Top index boost China Overseas Land & Investment gained 1.7 per cent and China Resources Land rose 0.9 per cent. Casino shares continued their rise from Friday after Sands China posted solid quarterly earnings. Sands China rose 0.9 per cent and Galaxy Entertainment was up 1.1 per cent. REUTERS
  • CONSUMERS are generally satisfied with telecom services in Singapore, but service providers here were urged by the Infocomm Development Authority of Singapore (IDA) on Monday to continue focusing on customer engagement and service. The Consumer Awareness and Satisfaction Survey (CASS) commissioned by the IDA said all telco services scored above 3.5 out of a perfect score of 5 (denoting “very satisified”) for the three factors of quality of service, price competitiveness of the service offerings and variety of services. The survey, which covered 1,500 respondents interviewed door-to-door between December 2013 and March 2014, found consumers to be very aware of the terms of telecom services, which would help them avoid incurring unnecessary fees and charges.
  • DOMESTIC pass-through price pressures have pushed up both the headline inflation rate (CPI-All Item) and core inflation rate expectations for the first time since September 2012.The one-year-ahead inflation expectations of Singapore households has inched up to 3.73 per cent, going by the research findings of the latest quarterly survey for Singapore Index of Inflation Expectations (SInDEx) by the Singapore Management University (SMU). In June 2014, the one-year-ahead headline inflation was 3.66 per cent.
  • OCBC Investment Research maintains its “sell” rating on Tiger Airways Holdings, lowering its fair-value estimate to 21 Singapore cents, from 35 Singapore cents previously. Last week, Tigerair announced a proposal to undertake an 85-for-100 rights issue to raise gross proceeds of up to S$234 million at S$0.20 per rights share. SIA has undertaken to subscribe for its pro-rata entitlement as well as excess rights shares up to total of S$140 million. SIA also announced that it will convert all its perpetual convertible capital securities (PCCS) holdings into shares prior to the rights issue, raising its stake in Tigerair from 40 per cent to approximately 55 per cent.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 18.000 TG 18.100, 18.230, 18.300 SL 17.850

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

20Oct
sgx 20 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 20 October 2014

MARKET UPDATES :

  • SINGAPORE’S key non-oil domestic exports (NODX) continued to expand year-on-year in September but at a slower pace. The NODX rose just 0.9 per cent after a 6.0 per cent jump in August, still wrapping up the third quarter with an overall positive upturn. But the NODX was down sharply by a seasonally- adjusted 8.8 per cent month on month in September, reversing the previous month’s 7.6 per cent rise, according to the latest trade figures released on Friday morning by International Enterprise Singapore.
  • THE contract states that Singapore will host the next five editions of the BNP Paribas Women’s Tennis Association’s (WTA) Finals, that is, until 2018, but there is every chance that the deal could be extended beyond that if things go well.
  • SINGAPORE shares ended higher on Friday with the benchmark Straits Times Index up 14.97 points to close at 3,169.18. Volume was 1.12 billion shares worth S$1.02 billion. Losers outnumbered gainers 284 to 162.
  • Hong Kong shares finished higher on Friday, lifted by signs of recovery in overseas markets and a good earnings report from one casino that lifted stocks in that sector. The Hang Seng Index closed up 0.5 per cent at 23,023.21 points. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong also rose 0.5 per cent. For the week, the two indices were down 0.3 per cent and 0.7 per cent, respectively. Shares of Sands China Ltd, which posted solid third-quarter results, rose 5.3 per cent. Galaxy Entertainment Group Ltd gained 4.6 per cent.
  • China on Friday issued new rules to get loss-making companies or those in violation of regulatory practices to delist, in its latest move to improve stock market conditions, and vowed stricter enforcement of the guidelines.Traders say market regulations have been too loosely enforced in previous delisting exercises. The China Securities Regulatory Commission (CSRC) published the rules, effective immediately, after seeking public feedback via a draft made public in July.
  • SINGAPORE and the European Union (EU) have now concluded negotiations for the EU-Singapore free trade agreement (EUSFTA), after wrapping up discussions on investment protection, Singapore’s Ministry of Trade and Industry (MTI) said on Friday.Negotiations on the Investment Protection Chapter of the EUSFTA had started later, based on a new EU competence under the Lisbon Treaty. The chapter will now undergo legal scrubbing before the negotiations are finalised, signed and ratified.
  • ON Tuesday morning, the Monetary Authority of Singapore (MAS) lowered its 2014 forecast for headline inflation to 1-1.5 per cent and narrowed its core inflation forecast to 2-2.5 per cent,

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.640 TG 6.700, 6.780, 6.880 SL 6.560

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

16Oct
sgx 17 oct 14

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

MARKET UPDATES :

  • SINGAPORE shares ended higher on Thursday with the benchmark Straits Times Index down 44.51 points to close at 3,154.21. Volume was 1.36 billion shares worth S$1.34 billion. Losers outnumbered gainers 420 to 75.
  • Chinese banks made 857.2 billion yuan (US$140 billion) worth of new loans in September, data showed on Thursday, beating market expectations in a sign that demand for credit may be picking up. But a drop on China’s foreign exchange reserves in the third quarter signalled speculative money outflows amid increased worries about the country’s economic slowdown. Economists polled by Reuters had expected new loans totalling 730-735 billion yuan last month, an increase from 702.5 billion yuan in August.
  • A SINGAPORE-BASED mobile advertising startup has raised US$19 million in Series B, believed to be the highest such amount here this year, surpassing taxi-booking app GrabTaxi’s US$15 million in May. This also marks a record second round of financing by a company in the advertising technology (ad-tech) industry globally, AdNear’s founder and chief executive officer, Anil Mathews, told The Business Times on Wednesday. AdNear – whose location intelligence platform programmatically sends location-relevant ads to mobile audiences on behalf of retailers – snagged new investors Telstra Ventures and Global Brain in this latest round backed by existing investors Sequoia Capital and Canaan Partners.
  • A unit of Singapore Technologies Engineering, ST Electronics, has won new contracts worth $513 million in the third quarter.The bulk of the contract wins worth $295 million is for it to provide advanced electronics and info- comms technology solutions, where it will help to build security systems in Singapore and around the region.
  • Three Malaysian banks said on Thursday that they are in merger talks, which, if successful, will create the country’s biggest lender and the fourth-largest by assets in South-east Asia. The complicated three-way marriage of CIMB Group, the country’s No. 2 bank, with smaller rivals RHB Capital and Malaysia Building Society Bhd, will also lead to the formation of an Islamic mega bank that will strengthen Malaysia’s lead in Islamic finance in Asia. The move comes as members of the Association of Southeast Asian Nations work on plans to partially integrate their economies and financial systems, with member countries keen to build national banking champions.
  • Chinese e-commerce firm Alibaba Group Holding Ltd said on Thursday it has changed the name of its Alipay financial services affiliate to Ant Financial Services Group as it steps up its push into the financial services industry. Alibaba has been aggressively offering new financial services around Alipay, including a money market fund for consumers, a mobile payment app and even a new private bank that was approved by the Chinese government in September.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.640 TG 6.700, 6.780, 6.880 SL 6.560

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

16Oct
sgx 16 oct 14

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

MARKET UPDATES :

  • RETAIL sales expanded 5.4 per cent year on year in August, lifted by sales of motor vehicles, without which overall sales would have dipped 1.6 per cent. According to a release from the Department of Statistics (DOS) on Wednesday, sales of vehicles were up by as much as 49.5 per cent year on year and 13.1 per cent month on month. Month on month, retail sales (seasonally adjusted) were up 5.3 per cent in August, again bolstered by sales of motor vehicles. Stripping out motor vehicles sales, retail sales increased 3.5 per cent. The total retail sales value for August came to S$3.2 billion, up from S$3 billion a year ago, said DOS.
  • TOURISM receipts grew 2 per cent year on year in the first half of this year to S$11.8 billion, even as visitor arrivals to Singapore fell 3 per cent to 7.5 million. Stripping out China, visitor arrivals from all other markets were up 2 per cent in H1 14. But in Q2 14, tourism receipts were down 3 per cent year on year to S$5.6 billion while visitor arrivals declined a sharper 6 per cent to 3.6 million.
  • Hong Kong authorities said police allegedly involved in the beating of a pro-democracy protester would be removed from their positions after footage of the overnight incident went viral, sparking outrage from some lawmakers and the public. Police said they arrested 45 protesters in the early hours of Wednesday, using pepper spray on those who resisted, as they cleared a major road in the Chinese-controlled city that had been barricaded by pro-democracy demonstrators with concrete slabs.
  • Inflation in China fell to 1.6 per cent in September, the government said Wednesday, below analysts’ forecasts and the lowest in the world’s second-largest economy for almost five years. The consumer price index (CPI) figures released by the National Bureau of Statistics represented a slowdown in inflation from 2.0 per cent in August. It was the lowest since January 2010. Analysts polled by Dow Jones Newswires had predicted 1.7 per cent. The figures fall well short of the 3.5 per cent annual target set by the government in March, and signal that deflationary pressures are rising.
  • Singapore, the world’s largest bunkering port, plans to supply liquefied natural gas (LNG) to fuel ships by 2020, a government official said on Wednesday, as part of a global trend to move away from oil to gas to reduce emissions. “We are working towards LNG bunkering in Singapore by 2020, hopefully earlier if possible,” Minister for Transport Lui Tuck Yew said at an industry event.
  • SINGAPORE shares ended higher on Wednesday with the benchmark Straits Times Index up 9.56 points to close at 3,203.96. Volume was 1.37 billion shares worth S$865.5 million. Losers outnumbered gainers 297 to 144.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.760 TG 6.830, 6.900, 7.000 SL 6.660

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

14Oct
sgx 15 oct 14

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

MARKET UPDATES :

  • THE Singapore economy performed slightly worse than expected in the third quarter of 2014, growing 2.4 per cent from a year ago, according to advance estimates released by the Ministry of Trade and Industry on Tuesday morning. This fell short of the 2.7 per cent median year-on-year growth forecast of 19 private-sector economists polled by Bloomberg prior to the data release, but kept pace with growth in Q2. After seasonal adjustments and on an annualised basis, the economy grew 1.2 per cent, a turnaround from the 0.1 per cent contraction in the previous quarter. This was better than the annualised 0.8 per cent median growth forecast of 12 market economists.
  • Singapore’s DBS Group has hired Morgan Stanley to find a partner to sell life insurance products in Asia under a new deal, after its pact with Aviva ends in 2015, people with direct knowledge of the matter said. Singapore and Hong Kong – two of DBS’s strongest markets – are seen as profitable for insurers due to their status as Asia’s main wealth management centres and an ageing population.
  • SINGAPORE shares ended lower on Tuesday with the benchmark Straits Times Index down 3.01 points to close at 3,199.14. Volume was 1.26 billion shares worth S$949.4 million. Losers outnumbered gainers 282 to 159.
  • IN LINE with efforts to develop its e-commerce business, SingPost is spending S$182 million to set up an e Commerce Logistics Hub, which will be ready by the second half of 2016. Located in Tampines LogisPark, the three-storey, 553,000-sq ft facility will have a fully automated parcel-sorting facility and two warehousing floors.
  • The chief executive of China International Capital Corp (CICC), Levin Zhu, the son of the country’s former premier Zhu Rongji, has resigned from his position, the firm said a statement on Tuesday. Zhu is credited with building up China’s first investment bank on the strength of his connections. CICC was established in 1995 as a joint venture between China Construction Bank Corp and Morgan Stanley. Morgan Stanley walked away from the joint venture after receiving approval for the sale of its stake in CICC in 2010. – Reuters
  • CHINA’S exports jumped by double digits in September, but there was no burst of enthusiasm from analysts still concerned about the country’s anaemic domestic demand.
  • While exports surged an impressive 15.3 per cent – up from August’s 9.4 per cent – imports too rose an encouraging 7 per cent, reversing two months of consecutive contraction, according to figures from the General Administration of Customs.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.200 TG 9.280, 9.380, 9.500 SL 9.100

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

13Oct
sgx 14 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 14 October 2014

MARKET UPDATES :

  • SINGAPORE shares ended higher on Monday with the benchmark Straits Times Index down 21.72 points to close at 3202.15. Volume was 1.27 billion shares worth S$947.6 million. Losers outnumbered gainers 396 to 84.
  • Hong Kong shares closed 0.24 per cent higher Monday as better-than-forecast Chinese trade data helped to erase an initial sell-off fuelled by fresh Wall Street losses.The Hang Seng Index added 54.84 points to 23,143.38 on turnover of HK$67.82 billion (US$8.75 billion).But in mainland China the benchmark Shanghai Composite Index fell 0.36 per cent, or 8.53 points, to 2,366.01 on turnover of 175.4 billion yuan (US$28.6 billion). The Shenzhen Composite Index, which tracks stocks on China’s second exchange, slipped 0.08 per cent, or 1.13 points, to 1,349.47 on turnover of 202.4 billion yuan.
  • SINGAPORE’S Central Provident Fund (CPF) system ranks top among similar social security systems in Asian countries, but it is Denmark’s well-funded pension system which has emerged the best globally. The 2014 Mercer Melbourne Global Pension Index identified Singapore’s CPF is a “sound structure, with many good features, but has some areas for improvement that differentiates it from an A-grade system”. The Singapore retirement system continues to score a grade of B, but is expected to be upgraded once shortcomings are addressed, said Neil Narale, Mercer’s Asean Retirement Business Leader.
  • INTERNATIONAL Enterprise (IE) Singapore and Singapore Business Federation (SBF) are leading a 20- member strong business delegation to Turkey to explore new business opportunities. The mission, which is held in conjunction with Prime Minister Lee Hsien Loong’s official visit to Turkey, will look at key sectors that Singapore players can participate in. These include the consumer electronics, medtech and infrastructure sectors. Valued at US$12.4 billion in 2013, Turkey’s consumer electronics is seen as a sector with great potential.
  • THE Housing & Development Board (HDB) has beaten eight other countries to win the international FutureGov Awards 2014 for service innovation, it said on Monday. The other countries are Australia, New Zealand, Indonesia, Malaysia, Thailand, the Philippines, India and the Republic of Maldives. HDB won the award for creating a new and improved customer experience through service personalisation at its Punggol branch.
  • China’s exports rose more than expected in September while imports unexpectedly improved, data showed on Monday, bringing the trade surplus to US$31 billion. Exports rose 15.3 per cent in September compared with a year ago, the General Administration of Customs said, beating a median forecast in a Reuters poll for a rise of 11.8 per cent.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 39.900 TG 40.200, 40.500, 40.900 SL 39.600

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

13Oct
sgx 13 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 13 October 2014

MARKET UPDATES :

  • Singapore shares ended lower on Friday with the benchmark Straits Times Index down 35.38 points to close at 3,223.87. Volume was 1.23 billion shares worth S$966 million. Losers outnumbered gainers 358 to 98.
  • 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.
  • PLANS by the Monetary Authority of Singapore (MAS) to strengthen the city-state’s real estate investment trust (Reit) market will provide a positive boost for the local Reit and property sector. In a report released on Friday, DBS Group Research said when passed, the proposals could result in lower fees as well as greater transparency and alignment between Reits and unit holders. “This should increase confidence and attractiveness of Reits to investors.
  • DBS Bank on Friday announced that it has joined the World Bank’s Global Infrastructure Facility (GIF) as an advisory partner. Launched on Thursday in Washington, the GIF aims to catalyse and mobilise private- sector investment in infrastructure projects in emerging markets. As an advisory partner, DBS will be involved in advising on project preparation, optimal approaches to financial structuring, and the design and use of risk instruments. This will help to ensure the suitability of emerging market infrastructure projects for commercial or institutional investment.
  • SINGAPORE will do its part to meet climate-change obligations, reduce carbon emissions and improve energy efficiency – even though these moves might impinge on the growth prospects of its energy and chemicals sector, a key growth driver.
  • Japan’s pro-casino lawmakers are set to tweak a proposed bill on casino legalisation to address concerns of a possible spike in gambling addiction, but have agreed to not propose banning Japanese nationals from casinos, a parliamentary source said.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.550 TG 2.590, 2.630 . 2.690 SL 2.490

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

9Oct
sgx 10 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 10 October 2014

MARKET UPDATES :

  • HOUSING and Development Board (HDB) resale prices could have fallen in an eighth consecutive month, going by flash estimates from the Singapore Real Estate Exchange (SRX). The data shows HDB resale prices dipped 0.5 per cent in September from the earlier month, dragged down by price declines in three- room, four-room and five-room resale flats. Executive flat prices bucked the trend by inching up 0.1 per cent.
  • SALE transactions of strata-titled industrial properties in the third quarter have fallen by about 36 per cent quarter-on-quarter to 203, according to caveats from URA Realis. The fall is even more significant compared to the 672 strata-titled units that were sold in the same period last year, said DTZ. So far, there has been 842 transactions this year. This is much lower than the 1,986 transactions registered in the same period last year.
  • THE Monetary Authority of Singapore (MAS) on Thursday published a consultation paper containing a set of proposals to strengthen Singapore’s real estate investment trust (Reit) market. “The proposals will enhance the transparency and corporate governance of the Reit market,” it said.
  • INVESTORS are flocking to take cover under Singapore bonds umbrella amid gathering clouds over the global economy. Even the weakening Singapore dollar has failed to dent their enthusiasm for the fixed income securities, in particular government bonds. While the Singapore currency fell 0.71 per cent against the US dollar last week, the Singapore Fixed Income (SFI) Index gained 0.22 per cent over the same period. The equity market, as measured by the Straits Times Index (STI), declined 1.18 per cent.
  • THE International Monetary Fund (IMF) has issued a guarded assessment of global economic prospects for the coming year, and warned that financial markets could be “under-pricing risk” in an environment in which easy-money policies may have bred a false sense of security. The potential growth of the global economy appears slower than a decade ago, so it is unlikely to go back to the rates achieved before the global financial crisis – even with the aid of monetary stimulus, it said. An uneven global recovery is underway, said the IMF in its twice-yearly World Economic Outlook (WEO). In it, it revised down the 2014 growth forecast for the global economy from 3.7 per cent to 3.3 per cent; the forecast for next year is 3.8 per cent.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.400 TG 9.460, 9.530, 9.630 SL 9.300

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

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