SGX Stock Market

10Nov
sgx 10 nov 14

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

MARKET UPDATES :

  • MS Holdings began its maiden day on SGX-Catalist on an encouraging note, opening higher at 33 Singapore cents – eight Singapore cents or 32 per cent higher than its offer price of 25 Singapore cents a piece. The counter was one of the most actively traded in the first hour of Friday’s trading session with some seven million shares worth S$2.4 million done.
  • SINGAPORE shares ended 0.14 per cent lower on Friday with the Straits Times Index slipping 4.57 points to 3,286.39. Some 1.21 billion shares, valued at S$1.08 billion were traded. Gainers numbered 186 while losers numbered 238.
  • Traders and shipping companies scrambled to source fuel and take over supply contracts on Friday after Danish marine fuel supplier OW Bunker said a suspected fraud at its Singapore subsidiary had pushed it to the brink of bankruptcy.
  • AUSGROUP sought an immediate halt in the trading of its shares on Friday, pending a release. The company said the release will be related to the planned acquisition of all of Ezion Offshore Logistics Hub Pte Ltd and a 90 per cent stake in Teras Australia Pty Ltd.
  • ST Engineering posted an 8 per cent dip in net profit to S$121.3 million for the third quarter from S$131.4 million a year ago, largely due to weak European operations. Revenue was flat at S$1.553 billion from S$1.550 billion a year earlier, on the back of lower revenue in the aerospace business which offset the 14 per cent higher revenue from the marine sector.
  • SINGAPORE remains the second most attractive destination, after the US, for Chinese investments. Hong Kong remains in third position. This is according to new research from The Economist Intelligence Unit (EIU). Its China Going Global Investment Index, which ranks 67 countries on their attractiveness to Chinese overseas investment, features 55 quantitative indicators of opportunity and risk – two broad pillars used to assess countries’ attractiveness.
  • WORKERS in Singapore can expect an average wage increase of 4.5 per cent in 2015 – the same level as this year, but still much lower than many other economies in the region. The projected increase is the third-lowest in the region; only workers in Japan and Taiwan will get a
  • HIT by losses from associate Tiger Airways, Singapore Airlines’ (SIA) net profit for the second quarter of FY14/15 dived 43 per cent year on year to S$90.9 million. However, operating profit for the quarter was boosted some 52 per cent to S$131.7 million as expenditure eased 1.1 per cent, partly due to lower fuel costs.

STOCK RECOMMENDATION :

  • BUY WILMAR INTERNATIONAL ABOVE 3.200 TG 3.250, 3.300, 3.370 SL 3.130

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

7Nov
sgx 07 nov 14

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

MARKET UPDATES :

  • SINGAPORE Airlines (SIA) reported a 43 per cent drop year on year in net profit to S$90.9 million for the second quarter ended Sept 30, hit by losses from associated companies.However, its operating profit for the second quarter was up some 52 per cent to nearly S$132 million, boosted by lower expenditure.Revenue was nearly flat at S$3.9 billion, while earnings per share worked out to 7.7 Singapore cents, down from 13.6 cents in the corresponding quarter a year earlier.
  • LOGISTICS firm CWT Ltd on Thursday posted a 70 per cent surge in net profit for the third quarter on stronger revenue.Net profit for the three months ended Sept 30, 2014 stood at S$32.5 million, up from S$19.1 million a year ago.Revenue grew 70 per cent to S$3.77 million, with the largest increase coming from its commodity marketing and financial services.
  • DBS Bank customers can now make cash withdrawals at all Guardian Health & Beauty and Sheng Siong stores in Singapore as the bank expands its POSB Cash-Point.With this expansion, DBS/POSB has effectively increased its withdrawal touchpoints to close to 2,000 islandwide, solidifying its presence in town and in the heartlands. The banking group said DBS/POSB customers are now able to withdraw up to S$100, in multiples of S$10, with any item purchase at more than 140 Guardian Health & Beauty and over 30 Sheng Siong stores in Singapore.
  • The World Bank’s private sector arm pledged US$450 million on Wednesday to support trade, investment and employment in the three West African countries affected the most by the deadly Ebola outbreak.The announcement from the bank’s International Finance Corporation (IFC) brings total World Bank commitments for Ebola to nearly US$1 billion in the past three months, an unprecedented rapid response for a development institution that has been accused of dragging its feet on project approval in the past.
  • SINGAPORE small and medium-sized enterprises which responded to a global SME performance review appear to be happy with government initiatives, helping the city-state maintain its position as the most SME-friendly economy for the second year running.
  • EMPLOYEES in Singapore can expect their salaries to increase by an average of 4.5 per cent again in 2015, according to the latest Salary Trends survey by ECA International.With inflation predicted to be higher next year, staff in Singapore will experience lower real wage uplifts than they have in 2014.”Although pay rises in Singapore are forecast to be at the same level next year, inflation is anticipated to be significantly higher,” said Lee Quane, regional director – Asia, ECA International. “After inflation, real wage increases will average 2 per cent in Singapore next year – down from last year’s 3.1 per cent rise in real terms.”

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.690 TG 2.730, 2.780, 2.850 SL 2.630

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

6Nov
sgx 06 nov 14

Financial Sgx Singapore Stock Market Trading Picks And News – 06 November 2014

MARKET UPDATES :

  • SINGAPORE shares ended higher on Wednesday with the Straits Times Index gaining 5.97 points to 3,287.54. Some 857.4 million shares, valued at S$760.6 million were traded. Gainers numbered 148 while losers numbered 221. The Singapore Exchange (SGX) halted securities and derivatives markets as at 2:51pm, as connection between SGX’s members and its securities and derivatives markets were unavailable. The securities market reopened at 5:15pm, and closed at 5:51pm.
  • Singapore Exchange Ltd said its securities market will reopen at 1715 local time (0915 GMT), and remain open for a minimum 30 minutes of continuous trading. Trading on both securities and derivatives markets of SGX was halted about two hours ago for connectivity issues, the exchange has said. The stock market normally closes at 1700 local time.
  • Trading of securities and derivatives on the Singapore Exchange, a major equity and commodity bourse in Asia, was suspended on Wednesday afternoon due to connectivity issues. The securities and derivatives markets were halted at 1451 Singapore time (0651 GMT), and the connection between SGX members and the two markets was unavailable, the exchange said in a statement. SGX did not provide details of the problem or a time frame for recovery of service.
  • LOCAL companies are paying their bills at one of the fastest rate in the past five years – due to tighter credit terms and the vigorous pursuit of debts. Electronics and construction companies are among those that are paying their bills earlier in the third quarter than a year
  • SMRT Corp’s group chief financial officer, Sam Ong Eng Keang, has resigned after eight months on the job and his last day will be Nov 9. The transport operator said in a release on Tuesday that Mr Ong, who joined SMRT on March 1, 2014, is leaving to “pursue philanthropic interests and business prospects”.
  • Trading of securities and derivatives on the Singapore Exchange, a major equity and commodity bourse in Asia, was suspended on Wednesday afternoon due to connectivity issues. The securities and derivatives markets were halted at 1451 Singapore time (0651 GMT), and the connection between SGX members and the two markets was unavailable, the exchange said in a statement.
  • THE small car certificate of entitlement (COE) premium climbed as replacement buyers thronged the market, even as the big-car premium slipped. In the first COE bidding exercise for the new and larger November-2014-to-January-2015 quota, Category A – for cars below 1,600cc or 130 hp – rose S$910 to S$64,900. The Cat B premium, for cars above 1,600cc and 130 hp, fell S$1,112 to S$70,890. Cat E, the open category which currently tracks Cat B, shed S$901 to S$71,300.

STOCK RECOMMENDATION :

  • BUY OLAM INTERNATIONAL ABOVE 2.100 TG 2.150, 2.200, 2.270 SL 2.030

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

5Nov
sgx 05 nov 14

Financial Sgx Singapore Stock Market Trading Picks And News – 05 November 2014

MARKET UPDATES :

  • SINGAPORE shares ended 0.28 per cent lower on Tuesday with the Straits Times Index slipping 9.27 points to 3,281.57. Some 1.88 billion shares, valued at S$1.01 billion were traded. Gainers numbered 177 while losers numbered 251.
  • SINGAPORE share prices opened lower on Tuesday with the Straits Times Index down 3.45 points to 3,287.39. Volume was 62.8 million shares worth S$53.9 million. Losers outnumbered gainers 77 to 55.
  • AS it becomes clearer that it will be extremely challenging for Singapore to hit its ambitious 2-3 per cent productivity growth target, the Monetary Authority of Singapore (MAS) has said restructuring should not be measured solely against productivity performance, and that productivity is not an end in itself. In response to queries from The Business Times, MAS chief economist and assistant managing director (Economic Policy) Edward Robinson said: “Restructuring is about making the shifts necessary to align the structure of the economy with our capabilities and endowments, in other words, to produce what we are good at and have the resources for.
  • UK-based hotel operator Premier Inn is opening its first hotel in Singapore, the 300-room Premier Inn Singapore Beach Road, in the middle of 2016. This comes as the group plans to grow to at least 50 hotels in South-east Asia – namely Singapore, Indonesia and Thailand – India and the Middle East by 2018. Target markets will include Bali, Jakarta, Yogjakarta, Bangkok, Goa, Mumbai, Dubai, Muscat and Doha.
  • MORE local companies are getting paid on time as they tighten up credit and pay more attention to collection. The average number of days a company pays its bills is now 36 days in Q3, down from 39 days a year ago, said DP SME Commercial Credit Bureau on Tuesday.
  • SINGAPORE is reviewing its research and development (R&D) programmes and policies ahead of the next five-year tranche of science funding. “This meeting was really about policies that we need to look at to ensure we enjoy continued success going forward, and to ensure.
  • SINGAPORE will impose temporary visa requirements for citizens of three Ebola-affected African nations – Guinea, Liberia, Sierra Leone – when they enter the Republic from Wednesday, as part of a move to tighten border control. Lam Pin Min, Minister of State for Health, on Monday said in Parliament that the Health Ministry (MOH) will implement this together with the Foreign Affairs Ministry, Home Affairs Ministry, Immigration and Checkpoints Authority and the Civil Avaition Authority of Singapore.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.550 TG 9.650, 9.770, 9.900 SL 9.420

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

4Nov
sgx 04 nov 14

Financial Sgx Singapore Stock Market Trading Picks And News – 04 November 2014

MARKET UPDATES :

  • SINGAPORE share prices opened higher on Monday with the Straits Times Index up 14.53 points to 3,288.78. Volume was 64.4 million shares worth S$65.7 million. Gainers outnumbered losers 103 to 35. SINGAPORE shares ended higher on Monday with the Straits Times Index gaining 16.59 points to 3,290.84. Some 2.15 billion shares, valued at S$1.06 billion were traded. Gainers numbered 287 while losers numbered 170.
  • THE Research, Innovation and Enterprise Council (RIEC) is reviewing Singapore’s areas of focus for research and development (R&D) before the next five-year tranche of funding is released. “We are actually reaching a state of maturation in terms of our science and technology. Key strategies that had worked well for us may need to be changed,” National Research Foundation (NRF) chief Low Teck Seng said at a press briefing on Monday. This follows the 8th RIEC meeting, which was chaired by Prime Minister Lee Hsien Loong, last Friday.
  • SINGAPORE’S sovereign wealth fund GIC has embarked on its first real estate investment in New Zealand by tying up with Goodman Property Trust (GMT) to co-invest in Auckland’s rapidly developing Viaduct Quarter. The joint venture, which includes GMT’s existing viaduct property interests, will initially own a portfolio of assets worth NZ$313 million (S$312.6 million) but has a mandate to grow to NZ$500 million over time, said GMT’s manager Goodman (NZ) Ltd and GIC in a joint statement.
  • THE Seletar Mall has obtained the Temporary Occupation Permit (TOP) on Oct 28 and will open its doors to shoppers on Nov 28. The mall – developed by The Seletar Mall Pte Ltd, a joint-venture company between Singapore Press Holdings (70 per cent) and United Engineers Limited (30 per cent) – has already achieved 99.6 per cent occupancy.
  • PENNY stock Compact Metal Industries was most actively traded with some 137 million shares worth S$9.4 million on Monday morning.The counter, which had a trading halt in the early morning pending an announcement, gained 0.4 Singapore cent or 9 per cent to 4.8 Singapore cents as at 11.24am. The firm announced that Ma Zhao Yang has exercised the call option to require Chng Gim Huat, executive chairman and largest shareholder of Compact Metal, to sell him 84.6 million shares and 86.76 million warrants.
  • AS GLOBAL investors kept driving stock prices up on Wall Street in the second quarter, their Asian counterparts continued to take profits – with Singapore traders being the biggest sellers from this region.

STOCK RECOMMENDATION :

  • BUY DBS GROUP HOLDING ABOVE 18.85 TGT 18.95,19.10 SL 18.67

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

3Nov
sgx 03 nov 14

Financial Sgx Singapore Stock Market Trading Picks And News – 03 November 2014

MARKET UPDATES :

  • SINGAPORE shares ended higher on Friday with the Straits Times Index gaining 39.94 points to 3,274.25. Some 1.73 billion shares, valued at S$1.49 billion were traded. Gainers numbered 352 while losers numbered 100
  • SINGAPORE share prices opened higher on Friday with the Straits Times Index up 8.96 points to 3,243.27. Volume was 112.4 million shares worth S$278.5 million. Gainers outnumbered losers 96 to 34.
  • WITH the inflow of foreign workers easing to the pace that the government wants, the policy focus is now shifting to raising the quality of these workers – starting with the construction sector. Come Jan 1, 2017, at least one in 10 Work Permit workers on construction companies’ payrolls must be higher- skilled R1 workers, Deputy Prime Minister Tharman Shanmugaratnam said on Thursday night. A company that fails to meet this requirement won’t be permitted to hire new basic skilled R2 Work Permit holders for up to 12 months, according to a media statement issued by the Building and Construction Authority (BCA) and the Ministry of Manpower (MOM).
  • SLIDING Singapore home prices – especially those of high-end residences – are piling on more bad loans onto local banks’ non-performing loan (NPL) books. United Overseas Bank (UOB) yesterday said that its housing NPLs have increased in the past two consecutive quarters to
  • FIRMS in Singapore’s services sector are less upbeat about their short-term business prospects than they were a quarter ago. Of the 1,500 services firms polled on their quarterly business expectations by the Department of Statistics (DoS) between September and mid-October this year, a weighted 18 per cent of firms said they expected business conditions to improve over the next six months, while a weighted 11 per cent of firms said they were bracing themselves for slower business.
  • AS the pains of economic restructuring become more evident, questions have once again been raised over whether the growth Singapore is sacrificing in the short-term will pay off.
  • DBS Group on Friday said its net profit for the third quarter ended Sept 30, 2014 was at S$1.01 billion, up 17 per cent from S$862 million a year ago. The net profit was 4 per cent higher than the previous quarter’s, and beat the S$975 million average of four analysts’ estimates compiled by Bloomberg. DBS CEO Piyush Gupta said, “Despite some slowdown in the region, we continued to see very strong earnings momentum in the third quarter, fuelled by broad-based growth across businesses. ”Total income rose 17 per cent to a record S$2.51 billion as net interest income and fee income reached new highs while trading income improved.

STOCK RECOMMENDATION :

  • BUY KEPPEL CORPORATION ABOVE 9.450 TG 9.550, 9.670, 9.800 SL 9.330

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

30Oct
sgx 31 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 31 October 2014

MARKET UPDATES :

  • SINGAPORE shares ended higher on Thursday with the Straits Times Index gaining 10.28 points to 3,234.31. Some 1.16 billion shares, valued at S$912.3 million were traded. Gainers numbered 179 while losers numbered 186.
  • Oversea-Chinese Banking Corp , Singapore’s second-biggest lender, posted a 62 per cent rise in quarterly profit, beating expectations, thanks to strong loan growth, higher margins and a one-off gain from a China-related acquisition. OCBC earned USS$1.23 billion in the three months ending in September, compared with S$759 million a year earlier .The third quarter result included a one-off gain of S$391 million from an increased stake in Chinese lender Bank of Ningbo, which became a 20 per cent-owned subsidiary.
  • The Singapore Exchange (SGX) is exploring the feasibility of an equity crowd funding platform for early- stage companies, and has formed a team focused on small and medium-sized enterprises (SMEs), industry sources told The Business Times.
  • TEN years after coming into force, the US-Singapore Free Trade Agreement (USSFTA) has paid rich dividends to both countries, by reinvigorating bilateral trade and investment and opening up new opportunities for companies, according to top diplomats from Singapore and the United
  • Singapore’s sovereign wealth fund GIC will buy a stake of 20 per cent in a Turkish real estate company, Rönesans Gayrimenkul Yatirim AS for 250 million Euros, the two firms said in a statement. The pact takes the form of a primary rights issue and GIC’s injection will fund acquisitions and development of new projects in Turkey. The transaction is expected to be completed in the fourth quarter of this year.
  • The Federal Reserve on Wednesday ended its monthly bond purchase programme and dropped a characterization of US labour market slack as “significant” in a show of confidence in the economy’s prospects.
  • In a statement after a two-day meeting, the central bank largely dismissed recent financial market volatility, dimming growth in Europe and a weak inflation outlook as unlikely to undercut progress toward its unemployment and inflation goals. “On balance, a range of labor market indicators suggests that underutilization of labor resources is gradually diminishing,” the Fed said in an important departure from prior policy statements, which had described the slack as “significant.
  • NEPTUNE Orient Lines (NOL), South-east Asia’s biggest container line, is seeking buyers for APL Logistics unit in a sale that could fetch at least US$1 billion (S$1.27 billion), said Bloomberg.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.400 TG 9.500, 9.620, 9.750 SL 9.280

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

30Oct
sgx 30 oct 14

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

MARKET UPDATES :

  • Singapore, New Zealand and Hong Kong are the world’s easiest places to run a business, while global giants China, Brazil and India remain far down the list, according the World Bank. Three small but hot Pacific economies led the Bank’s annual “Doing Business” report, released Wednesday, which focuses on where businesses are best helped and least hindered by government. The top 10 was filled out by Denmark, South Korea, Norway, the United States, Britain, Finland and Australia, mostly the same developed economies as in previous years.
  • Come September 1, 2016, businesses applying for or renewing a licence to operate a security agency in Singapore must adopt the Progressive Wage Model. This means security agencies must ensure their security officers get the required training and are paid wages in line with or higher than the levels which the model prescribes. That entails paying a monthly starting pay of at least S$1,100.
  • THE Monetary Authority of Singapore (MAS) has presented a sobering prognosis of the Singapore economy – GDP expansion will continue to be muted, productivity growth will remain constrained, and core inflation will stay above its historical average on the back of labour cost pressures. The manufacturing sector, too, continues to face difficulties from land and labour constraints, although one positive is that companies have been moving up the value creation chain successfully.
  • Job advertisements for professional positions in Singapore jumped 37 per cent year-on-year in the third quarter of this year due in part to the Fair Consideration Framework, according to a Robert Walters report.This outpaced the broader region, where job advertisements were up 20 per cent in the third quarter.
  • SINGAPORE shares ended higher on Wednesday with the Straits Times Index gaining 12.38 points to 3,224.03. Some 1.15 billion shares, valued at S$1.01 billion were traded. Gainers numbered 265 while losers numbered 140.
  • SINGAPORE Exchange (SGX) chief regulatory officer Richard Teng has resigned, less than a year after being promoted, to become chief executive of Abu Dhabi Global Market Regulator. Mr Teng, who took on his current role in January following the retirement of former SGX chief regulatory and risk officer Yeo Lian Sim, will leave on Feb 28, 2015. SGX said it is currently reviewing candidates.
  • SINGAPORE is building the region’s first micro-grid to integrate multiple renewable energy sources as it scales up its expertise beyond solar power to become a clean energy hub in South-east Asia. As the first public micro-grid in the world for such research, it has drawn.

STOCK RECOMMENDATION :

  • BUY KEPPEL CORPORATION ABOVE 9.400 TG 9.500, 9.620, 9.750 SL 9.270

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

28Oct
sgx 29 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 29 October 2014

MARKET UPDATES :

  • SINGAPORE shares end 0.45 per cent lower on Tuesday. The Straits Times Index fell 14.46 points to close at 3,211.65. Some 1.19 billion shares valued at S$1.00 billion changed hands. Losers beat gainers 236 to 147.
  • THE Singapore economy is “on track for moderate growth” despite some external and domestic headwinds, said the Monetary Authority of Singapore (MAS) on Tuesday in its twice-yearly Macroeconomic Review. Reiterating its 2014 gross domestic product (GDP) growth forecast of 2.5-3.5 per cent this year, and a “broadly similar” pace for 2015, the central bank said: “Sectors that cater to final demand in the US will fare relatively favourably, while those that are tied to the eurozone and China could be weighed down by the sluggish performance in these economies.
  • THE Intellectual Property Office of Singapore (IPOS) and the State Intellectual Property Office of China (SIPO) have agreed to enhance cooperation in this area through a Memorandum of Understanding (MOU). The agreement was inked on the sidelines of the 11th Singapore-China Joint Council for Bilateral Cooperation meeting co-chaired by Singapore’s deputy prime minister Teo Chee Hean and China’s vice- premier Zhang Gaoli.
  • CREDIT Counselling Singapore (CCS) will offer a centralised repayment system to borrowers with debts owed to several banks from next year. This was announced by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on Tuesday at the CCS’s 10th anniversary luncheon. Mr Tharman is also chairman of the Monetary Authority of Singapore. With this system, CCS will coordinate with all the banks that are owed money by a borrower, and create a centralised repayment plan for him. This will take into account the borrower’s income, spending needs and loan obligations.
  • SINGAPORE is building the region’s first micro-grid to integrate multiple renewable energy sources as it scales up its expertise beyond solar power.The Renewable Energy Integration Demonstrator Singapore, to be built offshore at Semakau Landfill, will test and demonstrate the integration of solar, wind, tidal- current, diesel, storage and power-to-gas technologies. It will produce enough electricity to power about 250 HDB four-room flats.
  • THE Singapore economy is “on track for moderate growth” despite some external and domestic headwinds, said the Monetary Authority of Singapore (MAS) on Tuesday in its twice-yearly Macroeconomic Review.
  • OCBC Bank has appointed Pich Event Management to organise OCBC Cycle 2015, which will be held over the weekend of Aug 29-30, 2015 at the Singapore Sports Hub.

STOCK RECOMMENDATION :

  • BUY SINGAPORE TECHNOLOGIES ENGINEERING ABOVE 3.700 TG 3.750, 3.820, 3.920 SL 3.620

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

28Oct
sgx 28 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 28 October 2014

MARKET UPDATES :

  • Singapore shares finished higher on Monday with the benchmark Straits Times Index up 3.56 points to close at 3,226.11. Volume was 1.13 billion shares worth S$999 million. Losers outnumbered gainers 222 to 194.
  • 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.
  • China will begin trading its yuan currency directly with the Singapore dollar on Tuesday, the national foreign exchange market operator said, in the latest move to promote international use of Beijing’s unit. The Singapore dollar will be added to the China Foreign Exchange Trade System’s (CFETS) platform, which currently offers transactions between the yuan and 10 foreign currencies, it said on Monday. The market operator will publish a daily parity between the yuan and the Singapore dollar based on quotes from market makers and allow the currency to move three percent on either side of the central midpoint, CFETS said in a statement on its website.
  • DBS Bank’s push in the trade finance business has clinched it a place among the global banks. While HSBC continues to dominate across Asia in trade finance, in Singapore DBS has made it to the top three banks serving multinationals based here, according to the 2014 Greenwich Associates study released on Monday on Asian corporates use of trade finance. HSBC, Standard Chartered Bank, Citi, Deutsche Bank and ANZ Bank are the top five leaders across Asia serving large corporates.
  • A watershed scheme to allow cross-trading between Hong Kong and Shanghai’s stock markets has been delayed indefinitely, a Hong Kong official said on Monday, warning the pro-democracy protests that have gripped the city could impact the project’s progress. The Shanghai-Hong Kong Stock Connect platform, which would enable international investors to trade selected stocks in Shanghai’s tightly-restricted exchange, and allow mainland investors to buy stocks in Hong Kong, was widely expected to launch this week.
  • FOUR adjoining strata-titled retail shops at Far East Plaza and a row of three contiguous pairs of prime two-storey conservation shophouses in Peck Seah Street have been launched for sale by public tender. The retail shops in Far East Plaza, #02-64/65/68/69, front the main concourse of the shopping mall. The units, ranging from 624 sq ft to 1,248 sq ft in size, are being offered in two-unit or four-unit deal structures.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.150 TG 3.200, 3.270, 3.370 SL 3.080

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

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