MARKET UPDATES :
- Total bank lending in Singapore was barely changed in July from June as loans to manufacturing, building and construction rose while lending to financial institutions fell, central bank data showed on Friday. Loans and advances by domestic banking units in the city-state amounted to S$597.4 billion (US$478.4 billion) last month, compared to S$597.7 billion in June, according to the Monetary Authority of Singapore.
- There’s an eerie silence at night in Sentosa Cove, the man-made island resort billed as Singapore’s answer to Monte Carlo and the only place in the country where foreigners can buy landed property. Dozens of houses – complete with their own private yacht berths and multiple swimming pools – sit empty while few lights are on in the apartment blocks overlooking the marina, a few kilometres away from Sentosa’s giant casino.
- INFORMATION technology solutions distributor ECS Holdings is poised to capture the upswing from a new infrastructure refresh cycle for servers, said OCBC Investment Research in upgrading the stock to “buy” from “hold”. Systems that were deployed shortly after the global financial crisis are due to be retired and replaced, analyst Eugene Chua wrote in a note
STOCK RECOMMENDATION :
- BUY JARDIEN STRATEGIC HOLDING ABOVE 36.400 TG 36.650, 37.000, 37.400 SL 36.100