MARKET UPDATES :
- PREMIUMS for certificates of entitlement or COE have risen across the board, with those for commercial vehicles jumping 20 per cent ahead of a big reduction from next month onwards. In the final bidding exercise for the May to July 2014 quota, passenger car premiums climbed slightly. Category A – for cars below 1,600cc and 130 hp – was S$900 higher at S$62,890, while Cat B – for cars above 1,600cc or 130 hp – inched up S$112 to S$65,001.
- ALL three local banks, DBS Group Holdings United Overseas Bank and OCBC Bank are likely to increase their interim dividends, said Markit on Wednesday. The financial-services data firm said it was forecasting dividend per share of S$0.3 for DBS, representing 7.1 per cent growth over the year but flat from its 2013 year-end payout;
- SINGAPORE, which has seen about S$9 billion worth of mergers and acquisitions (M&As) year to date, could see a further S$11 billion pending, Daiwa Capital Markets said on Wednesday. So far, the deals have been in diverse sectors including property, consumer and industrial – all priced at high premiums compared to the target companies’ prevailing valuations at the time.
STOCK RECOMMENDATION :
- BUY DBS GROUP HOLDING ABOVE 17.930 TG 18.030, 18.150, 18.300 SL 17.810