SGX Stock Market

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

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8Oct
sgx 09 oct  14

Financial Sgx Singapore Stock Market Trading Picks And News – 09 October 2014

MARKET UPDATES :

  • Singapore shares were down 17.28 points on Wednesday with the benchmark Straits Times Index finishing at 3,226.71.Volume was 1.16 billion shares worth S$893.8 million. Losers outnumbered gainers 278 to 132.
  • OSIM International, queried by the Singapore Exchange (SGX) on the second consecutive day of a fall in its share prices, said on Wednesday that it was unaware of any reasons that could have caused the unusual trading activity in its shares. The shares for the luxury massage chair maker tumbled 4 per cent on Tuesday and another 4 per cent on Wednesday morning. At 4:15pm on Wednesday, OSIM was trading around S$2.32, down 11 cents or 4.5 per cent. More than six million shares changed hands.
  • EZRA’S associated firm, EMAS Offshore, kicked off its secondary listing on the Singapore Exchange’s main board on a dismal note, trading some 14 per cent below its initial public offer price. At 3:35pm on Wednesday, the company previously known as EOC Ltd, had bid/ask at S$1.035/S$1.04 a share. Only 678,000 shares changed hands. The wider market is also weak, as stock markets in the region are hit by worries about waning global growth after the International Monetary Fund cut its global economic growth forecasts for a third time this year.
  • CHINA-based Nanshan Group has topped the bids for a site off Sin Ming Avenue released by the Urban Redevelopment Authority (URA), beating a field of 17 other bidders. Nanshan’s bid of S$173.57 million for the 10,502.8 sq m site in Lorong Puntong was some 7.2 per cent higher than the second-highest bid from SL Capital Ventures Pte Ltd. The 99-year leasehold site has a maximum permissible gross floor area of 22,056 sq m.
  • It is time for public accounting firms in Singapore to rethink their hiring practices and take on employees from backgrounds other than accounting, said Singapore Accountancy Commission (SAC) chairman Michael Lim on Wednesday. Mr. Lim was the keynote speaker at the CPA Congress 2014, organised by professional accountancy body CPA Australia and attended by over 300 accounting professionals. The SAC is the statutory body tasked with transforming Singapore’s accountancy sector.
  • THE Small and Middle Capitalization Companies Association (SMCCA), a grouping of small and mid- capitalization companies listed on the Singapore Exchange (SGX), announced its official launch on Wednesday.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 34.150 TG 34.350, 34.650, 35.050 SL 33.850

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

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.

1Oct
sgx 01 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 01 October 2014

MARKET UPDATES :

  • JLL has launched an Expression of Interest (EOI) exercise for a portfolio of strata-titled shops on behalf of the HiapHoe Group as part of the group’s exercise to divest non-core assets while capitalising on the strong investor demand for retail space and income-generating assets. Hiap Hoe has identified a total of 39 shop units to be divested, the largest of which includes a a single portfolio of 33 strata units located at the basement of Parklane Shopping Mall at Selegie Road.
  • SINGAPORE’S mainboard-listed Tiong Seng Holdings has bagged a S$107.7 million job from national water agency PUB for the proposed construction of the second phase of the Stamford diversion canal. Work on the canal which stretches from Grange Road at the Orchard Boulevard junction to River Valley Road will start in November this year with a contract period of 40 months, said the construction group in an announcement to the Singapore Exchange. The proejct is not expected to have a material impact on the group’s net tangible assets and earnings per share for the current year ending December 2014.
  • OCBC said it now owns 20 per cent of China’s Bank of Ningbo – up from 15.34 per cent previously – after completing the subscription of 207.55 million new shares in the bank for 1.75 billion yuan (S$362.7 million) on Tuesday. As a result, Bank of Ningbo is now an associated company of OCBC. The placement price of 8.85 yuan per share that was earlier mentioned in January this year was adjusted to 8.45 yuan per share to account for the dividend that was paid during the year. The transaction was funded with the bank’s internal resources and satisfied in cash, said OCBC in an announcement to the Singapore Exchange. Bank of Ningbo is listed on the Shenzhen Stock Exchange with a market capitalisation of some 29.47 billion yuan as at Monday, after finishing the day at 10.22 per share. Its unaudited consolidated book value stood at some 29.22 billion yuan and net tangible asset value at 29.07 billion yuan as at end June 2014.
  • NOBLE Group has completed a deal with China’s Cofco Corp to form an agri-business joint venture Noble Agri. A consortium of investors consisting of Hopu Investment, Temasek, IFC and Standard Chartered Private Equity has also joined in as minority co-investors of Noble Agri. “The completion of this transaction marks a significant milestone in the continued development of our bulk commodity business,” said Noble’s chairman Richard Elman in a statement. In April, Noble Group first announced the deal to sell a 51-per-cent stake in Noble Agri to Cofco, China’s largest food processor, manufacturer and trader.
  • CITY Developments Limited (CDL), in its first foray into acquiring land for residential use in Japan, has joined hands with a US-based investment firm to buy a prime freehold site in Tokyo for 30.5 billion yen (S$355.5 million) from Seiko Holdings Corporation. The site is in the high-end residential Shirokane area in Tokyo’s Minato ward, where numerous foreign embassies and offices of multi-national corporations are based. A mansion that used to be the former home of Seiko founder Kintaro Hattori now sits on the site.
  • THE chief executive of traditional Chinese medicine retailer Eu Yan Sang has come out to say that the recent negative publicity in the US following an apparent case of lead-poisoning from its best-selling product has been unfair to the company. Richard Eu, speaking to reporters on Tuesday, addressed concerns arising from the alert raised by the US Food and Drug Administration (FDA) about a lead poisoning risk from its product called “Bo Ying Compound” following an incident in which an 18-month-old child who, fed the product, was poisoned.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.400 TG 2.450, 2.500, 2.570 SL 2.340

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

29Sep
sgx 30 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 30 September 2014

MARKET UPDATES :

  • THE Manpower Ministry (MOM) has accepted the recommendation from representatives of unions, employers and the government that the current re-employment age ceiling of 65 be raised to 67 gradually and through the use of incentives, given that the Singapore labour market remains tight.MOM said on Monday that the Tripartite Committee on Employability of Older Workers (Tricom) had also proposed that the government offer incentives to encourage companies to re-employ their older workers aged above 65 in the interim, even before the legislation kicks in.
  • SINGAPORE share prices ended lower on Monday with the Straits Times Index down 2.49 points to 3,289.72.Volume was 1 billion shares worth S$682.1 million.Losers outnumbered gainers 222 to 186.
  • DBS Bank said on Monday that it has suspended services at four of its Hong Kong branches in Admiralty, Causeway Bay and Mong Kok until further notice, amid ongoing unrest in the former British colony.The bank said in a statement: “Our DBS Hong Kong and DBS Vickers offices, as well as other DBS branches are operating as normal. Customers are urged to visit our other branches for banking services. We apologise for any inconvenience caused.”
  • OCBC said on Monday that its subsidiary, Wing Hang Bank, has temporarily suspended operations at its United Centre branch at Admiralty in Hong Kong after pro-democracy protesters occupied streets in the Special Administrative Region of the People’s Republic of China .Patrick Chew, head of Operational Risk Management at OCBC Bank, said the suspension was due to “traffic conditions in the area”.
  • JTC Corporation on Monday launched two “confirmed list” sites at Tuas South Street 9 (Plot 50) and Tampines North Drive 1 (Plot 1) for sale, along with one “reserve list” site at Tuas South Street 6 (Plot 46).Reserve list sites are launched for tender only upon successful application by a developer, while confirmed list sites are launched according to schedule, regardless of demand.The two confirmed list sites are zoned for business-2 development, or heavier and more pollutive industrial use.
  • UOB’s Hong Kong franchise remains open for business, the Singapore bank said on Monday after riot police pulled back from pro-democracy demonstrations that left more than 40 people injured and disrupted the former British colony.”We are monitoring the situation closely and are ready to implement our business continuity plans if needed,” a spokesman said.The spokesman added that the bank takes a long-term view of its business in Hong Kong, one of the world’s international financial centres.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.800 TG 6.880, 6.980, 7.100 SL 6.700

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

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