18Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 18 December 2014

MARKET UPDATES :

  • Singapore’s economy watchers have tempered their expectations for GDP growth in 2014 from a quarter ago and are not expecting much improvement next year. Their inflation expectations too, have been adjusted lower.The Monetary Authority of Singapore’s (MAS) latest quarterly poll of professional forecasters, sent out in late November, found that their median growth forecast for 2014 has fallen to 3 per cent, from 3.3 per cent in the September survey. That is in line with the government’s forecast of “around 3 per cent” growth for the year.
  • DBS has cut its 2015 GDP growth forecast to 3.2 per cent from 3.6 per cent, amid concerns about a volatile year ahead – with possibly divergent monetary policies across key central banks worldwide.This would have a significant impact on financial markets, said DBS economist Irvin Seah in a research report. “Interest rate expectations will fluctuate and currencies will be volatile. Perhaps the only upside for the global economy next year is the lower oil prices.
  • Non-oil domestic exports rose 1.6 per cent in November from a year ago, reversing the 1.5 per cent dip in October, the latest trade figures released by International Enterprise Singapore this morning show. Month on month, the NODX extended October’s 1.1 per cent increase with a seasonally-adjusted 2.9 per cent jump to S$14.2 billion, according to the trade promotion agency’s figures. The electronics NODX continued to go downhill in November, posting a sharper 10.2 per cent drop on-year. The NODX fell 3.6 per cent in October.
  • Consumer confidence in Singapore has increased in December even though it is still nothing to cheer about.According to the ANZ-Roy Morgan, Singapore consumer confidence has risen slightly by 0.9 points to 121.8 in December, and is now just above the 2014 average of 121.1 points. “The Singaporean consumer has found a slight spark to end 2014 on a slightly more optimistic tone, but the granularity of our survey data hardly suggests a rebound in consumer confidence is in the offering.
  • Oil suffered fresh losses in Asia on Wednesday, sinking to new multi-year lows as dealers watch Russia’s ruble crisis and await the latest US crude supply report, analysts said. US benchmark West Texas Intermediate for January delivery sank US$1.16 in afternoon trade to US$54.77 while Brent crude for February fell 71 cents to US$59.30 on the contract’s first day of trading.
  • CITY Developments Limited (CDL) has come up with a novel way of monetising its Sentosa Cove assets in a soft property market, even as it anticipates more overseas acquisitions over the next few years.The Singapore-based developer cobbled together a club deal with US investment giant Blackstone and Malaysia’s CIMB Bank, which along with senior bank loans, amount to S$1.5 billion.

STOCK RECOMMENDATION :

  • SELL SMRT CORP BELOW 1.550 TARGET 1.500 1.430 SL 1.600

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

 

17Dec

IForex Market Trading Signals and News – 17 December 2014

TRADING TIPS :

  • Forex-Dollar slides on disappointing U.S. housing data.
  • Forex-Pound slides lower against stronger dollar.Yen weakens despite narrower trade gap.
  • Forex-Dollar remains mostly lower after weak U.S. economic reports.

EUR/USD
EUR/USD was up 0.37% at 1.2483.U.S. housing starts fell unexpectedly last month, official data showed on Tuesday. The Census Bureau reported earlier that the number of housing starts fell to 1.028 million units in November from 1.045 million in the precedingmonth, whose figure was revised up from 1.009 million. Analysts had expected the number of housing starts to rise to 1.030 million last month.Building permits took a similar turn for the worse. The Census Bureau reported that the number of building permits issued in November fell to 1.035 million from 1.080 million in the preceding month.Analysts were expecting the number of building permits issued to fall to 1.060 million last month.

USD/JPY
USD/JPY down 1.20% to 116.45, after falling as low as 115.58 earlier.Demand for the yen was boosted after data overnight showing that factory activity in China contracted for the first time in seven months in December. The preliminary reading of China’s HSBC manufacturing PMI came in at 49.5, down from a final reading of 50.0 in November and below forecasts of 49.9.Risk aversion remained elevated as the rout in oil prices continued on Tuesday. Benchmark Brent crude fell below $60 dollars a barrel for the first time since May 2009 as concerns over sluggish global demand and amply supply continued to weigh.The ongoing selloff in oil also fuelled concerns over weakening emerging market economies and their currencies.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2530-TG:1.2550/1.2580 SL 1.2500
2. Sell EUR/USD Below 1.2470-TG:1.2450/1.2420 SL 1.2500

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

17Dec

Comex Commodity Trading Signals and Market News – 17 December 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Wednesday with investors focused on the results of a Federal Reserve meeting later in the day that might shift language on the outlook for interest rates. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,195.40 a troy ounce, down 0.13%, after hitting an overnight session low of $1,188.00 and off a high of $1,223.80. Overnight, gold futures dropped on Tuesday after investors shrugged off disappointing housing data that would have otherwise boosted prices and jumped to the sidelines ahead of the Federal Reserve’s statement on interest rates and monetary policy due out Wednesday.

Oil prices edged higher on Tuesday in choppy trading even after a weak Chinese manufacturing gauge and soft U.S. housing numbers stoked demand fears, as perceptions the commodity may be oversold lifted futures into positive territory. In the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in February traded up 0.32% at $56.44 a barrel during U.S. trading, up from a session low of $53.96 a barrel and off a high of $57.43 a barrel. The preliminary reading of China’s HSBC manufacturing purchasing managers’ index came in at 49.5, down from a final reading of 50.0 in November and below forecasts of 49.9, which stirred up concerns that demand for fuel and energy in the Asian giant may be cooling.

Natural gas futures fell on Tuesday after updated weather-forecasting models scaled back on the reach and intensity of several cold snaps set to make their way across the U.S.On the New York Mercantile Exchange, natural gas futures for delivery in January were down 2.10% at $3.641 per million British thermal units during U.S. trading. The commodity hit a session low of $3.629, and a high of $3.789.The January contract settled down 2.00% on Monday to end at $3.719 per million British thermal units.Natural gas futures were likely to find support at $3.606 per million British thermal units, last Wednesday’s low, and resistance at $3.936, Monday’s high.

• U.S. crude oil futures bounced up off a 5-1/2-year low on Tuesday, and hovered around $55 a barrel in volatile trading near that price, with U.S. options set to expire later in the day. Global benchmark Brent crude also pared losses after plumbing a July 2009 low below $59, but Brent remained stuck below $60 a barrel as major oil producers said they were in no rush to cut production and curb a growing glut. Front-month January Brent expires later in the day. There’s a whole lot of things going on, from the options trade in WTI to the position squaring in Brent, that’s helping oil prices get some upward traction here,” said Tariq Zahir, managing member at Tyche Capital Advisors in Hollow Way in New York. Traders also cited crack

TRADING STRATEGY :

  • BUY GOLD ABOVE 1200 TARGET 1205 1211 SL 1194
  • SELL GOLD BELOW 1193 TARGET 1188 1182 SL 1199

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

17Dec
sgx 17 dec

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

MARKET UPDATES :

  • SINGAPORE shares ended 2.4 per cent lower on Tuesday with the Straits Times Index slipping 79.05 points to 3,215.09.Some 1.24 billion shares, valued at S$1.45 billion were traded. Gainers numbered 96 while losers numbered 337.
  • SHARE buybacks accelerated last week, with two of the five biggest purchases done by oil-related firms, data from Singapore Exchange (SGX) showed on Tuesday.These totalled S$91.1 million by 24 listed companies, up 3.52 per cent from S$88 million a week earlier.The five stocks with the largest buybacks in total value were Pacific Century Regional Developments, Genting Singapore, Keppel Corporation, OCBC and Sembcorp Industries.
  • Singapore Airlines Ltd’s Indian joint venture won a flying permit, paving way for it to start operations.The joint venture with India’s Tata conglomerate, which will operate under Vistara brand, plans to announce the sales, routes and schedules soon, it said in a statement.Vistara will fly Airbus A320-200 planes
  • The Asian Development Bank has approved a loan of up to US$100 million to Singapore-listed Yoma Strategic Holdings, which the company said it plans to use to invest in infrastructure and logistics projects in Myanmar.Yoma said US$50 million would be earmarked to build telecom towers, develop cold storage logistics and vehicle fleet leasing. The second half of the loan will fund other projects in transportation, distribution, logistics and other sectors.
  • SINGAPORE Airlines’s (SIA) systemwide passenger carriage dropped 3.8 per cent year on year in November, against a 2.1 per cent reduction in capacity.Passenger load factor (PLF) declined 1.3 percentage points to 75.7 per cent, while the number of passengers carried fell 1.6 per cent to 1.52 million.
  • Indonesia and Singapore have agreed to step up efforts to share tax-related information to tighten loopholes on tax evasion in each other’s countries, Indonesia’s finance ministry said. The commitment came after a meeting between Indonesian Finance Minister Bambang Brodjonegoro and his counterpart Tharman Shanmugaratnam in Singapore on Monday, the ministry said in a statement.
  • SINOPIPE Holdings’ subsidiary, Aton Plastics (Chongqing), has secured a contract worth 30 million yuan (S$6.35 million) related to Chongqing Jiangbei International Airport’s rain drainage system. ton was alerted on Dec 2 that it was successful in its bid for the pipe and fittings procurement tender for the construction of a rain drainage system at the East Terminal and third runway at Chongqing Airport.

STOCK RECOMMENDATION :

  • NOBLE GROUP BELOW 1.065 TARGET 1.025 0.075 SL 2.000

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

16Dec

Comex Commodity Trading Signals and Market News – 16 December 2014

INTERNATIONAL COMMODITY NEWS :

Crude oil prices fell in Asia on Tuesday as a key HSBC gauge of manufacturing in China declined into contraction. The HSBC China flash PMI fell to 49.9 in December from 50.0 in November. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in February traded down at $56.04 a barrel, off 0.39%, after hitting an overnight session low of $56.25 a barrel and off a high of $59.00 a barrel. Brent crude, the global benchmark, slid 1.3% to $61.06 a barrel, the lowest level since July 2009, on ICE Futures Europe on Monday. Overnight, oil prices tumbled on Monday after a key OPEC country said the oil cartel won’t trim output to shore up prices, which fueled ongoing concerns that supply far outstrips demand.

Gold and silver prices fell in Asia on Tuesday with expectations growing the Federal Reserve will move to hike interest rates next year ahead of a meeting on Wednesday that will mark the final comments on the economic outlook for 2014. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,196.70 a troy ounce, down 0.91%, after hitting an overnight session low of $1,195.40 and off a high of $1,224.80.Overnight, gold prices dropped on Monday after upbeat U.S. data and expectations for a bullish take on the economy from the Federal Reserve this week boosted demand for the dollar, which tends to trade inversely with the precious metal. The report added that the capacity utilization rate, a measure of how full firms are using their resources, rose to 80.1% last month from an upwardly revised 79.3% in October, beating market calls for an unchanged reading.

Natural gas futures fell on Monday after investors sold and avoided the commodity on concerns that cold snaps due to trek across the country this month may a less intense than once anticipated. On the New York Mercantile Exchange, natural gas futures for delivery in January were down 0.88% at $3.762 per million British thermal units during U.S. trading. The commodity hit a session low of $3.708, and a high of $3.930. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended Dec. 5 fell by 51 billion cubic feet, more than expectations for a decline of 45 billion and compared to a drop of 22 billion in the previous week.

• After leading the U.S. economic recovery out of recession, some of the nation’s top oil states are showing early signs of a slowdown as a result of the plunge in crude prices.n Houston, Texas, the first oil industry layoffs have been announced, with realtors there predicting a sharp decline, up to 12 percent, in home sales next year.Alaska’s 2015 fiscal year budget revenue forecast will have to be lowered by almost $2 billion, according to Fitch Ratings, because of the sharp drop in the state’s forecast crude prices. That will widen Alaska’s budget gap to almost $3.4 billion, Fitch said in a Dec. 11 report.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1208 TARGET 1218 SL 1198
  • SELL GOLD BELOW 1190 TARGET 1180 SL 1200

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

16Dec
forex-market-hours

IForex Market Trading Signals and News – 16 December 2014

TRADING TIPS :

  • Forex-Dollar gains on upbeat U.S. data, expectations for bullish Fed report.
  • Forex-Pound slides lower against stronger dollar.
  • Forex-GBP/USD dips on upbeat U.S. industrial output report.

EUR/USD
EUR/USD was down 0.19% at 1.2438.The Federal Reserve reported earlier that industrial production rose by 1.3% in November, beating expectations for a gain of 0.7%.Industrial production for October was revised up to 0.1% from a previously reported decline of 0.1%.The report added that the capacity utilization rate, a measure of how full firms are using their resources, rose to 80.1% last month from an upwardly revised 79.3% in October, beating market calls for an unchanged reading.The data boosted demand for the dollar on expectations that the Federal Reserve will tighten monetary policy next year.The Federal Reserve is due to release its latest statement on interest rates and monetary policy on Wednesday, and expectations the statement will contain language describing a more robust U.S. economy firmed the dollar, which shrugged off a soft regional factory gauge.

USD/JPY
USD/JPY hit 117.79 during U.S. morning trade, the session low; the pair subsequently consolidated at 118.56, slipping 0.16%.The pair was likely to find support at 117.43, the low of December 11 and resistance at 119.92, the high of December 10.Official data showed that industrial production rose 1.3% in November, compared to expectations for a 0.7% gain, after an 0.1% uptick in October, whose figure was revised from a previously estimated 0.1% slip.The data came after the Federal Reserve Bank of New York reported that its index of general business conditions came in at minus 3.6 this month, down from 10.16 in November. Analysts had expected the index to rise to 12.52.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2470-TG:1.2490/1.2520 SL 1.2440
2. Sell EUR/USD Below 1.2408-TG:1.2388/1.2358 SL 1.2438

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

16Dec
sgx 16 dec

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

MARKET UPDATES :

  • RETAIL sales in Singapore increased 8.1 per cent year on year in October, boosted by motor vehicle sales. Excluding motor vehicles, retail sales rose a mere 1.9 per cent during the month. The total retail sales value in October 2014 was estimated at S$3.2 billion, compared with S$3 billion in October 2013. Sales of motor vehicles surged 44.1 per cent year on year but declined 7.7 per cent from September 2014. “Compared to October 2013, retailers of motor vehicles registered an increase in sales of 44.1 per cent in October 2014, corresponding to a larger number of motor vehicle sales transactions,” the DOS added.
  • GLOBAL Logistic Properties (GLP) said there is no agreement on a reported US$8.1 billion deal for US industrial property between itself, GIC and Blackstone Group. The Wall Street Journal reported that private equity group Blackstone had agreed to sell 117 million square feet of US industrial real estate to GLP, a developer of high-end warehouses, and GIC, a Singapore sovereign wealth fund. Those assets are currently held in a company called IndCor Properties.
  • WORKER layoffs in Singapore jumped to 3,500 in the third quarter from 2,410 in the second quarter as companies continued to restructure, according to the Ministry of Manpower’s latest Labour Market Report. But the jobless were quicker in finding another job as the rate of re-entry into employment within six months of redundancy improved for a second straight quarter.
  • Oil prices sank to a fresh five-year low in Asia on Monday after a top OPEC official said the relentless plunge was not just because of a global supply glut. US benchmark West Texas Intermediate for January delivery fell 25 cents to US$57.56 while Brent crude for January was down one cent to US$61.84 in mid-morning trade. Most oil market observers attribute the price slump to a supply glut – spurred by rising US shale oil production.
  • Singapore’s non-oil domestic exports probably grew in November from a year earlier, when sales of pharmaceuticals were poor, with the comparison against a low base helping shipments recover from October’s contraction. The median forecast in a Reuters poll of 10 economists was for a 3.7 per cent rise in exports in November from a year earlier. In October, there was a 1.5 per cent annual contraction.
  • CapitaLand – “One CapitaLand” Strategy To Bear Fruit-:The streamlining of operations post CMA’s privatisation would help enhance CapitaLand’s competitive strengths in integrated developments, and thus narrow holding company discounts. CapitaLand is on track to deliver ROE target of 8-12% in the next 3-5 years.
  • Singapore Telecoms Sector – Displaying Growth through Adversity-:Telcos reported gain in revenue in the last quarter, with StarHub’s and M1’s lifted by mobile growth and fixed services while SingTel gains across its Group Consumer, Enterprise and Digital Life segments. Strong net profit gains from SingTel and M1 in the last quarter. StarHub reversed declining earnings trend and posted modest earnings growth in the last quarter. Dividend yields of above 4% from Telcos remain attractive in our view, with potential growth in dividends.

STOCK RECOMMENDATION :

  • BUY KEPPEL CORPORATION ABOVE 8.030 TARGET 8.060 8.100 SL 7.98

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

15Dec

Comex Commodity Trading Signals and Market News – 15 December 2014

INTERNATIONAL COMMODITY NEWS :

• Investors sold crude oil futures early Monday in Asia with an over supplied market the main driver. On the New York Mercantile Exchange, crude oil for delivery in January tumbled to $56.77 a barrel, down 1.66%. It ended Friday at $57.81 a barrel, after hitting a daily low of $57.40, the weakest level since May 2009 .The head of OPEC said on Sunday the group had no target price for oil, signaling no change to a policy to maintain production levels which has contributed to sharp falls in the price of crude, unnerving global markets.

Gold prices eased on Monday in Asia as investors focused on the increasing likelihood the Federal Reserve will raise interest rates early next year.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,222.70 a troy ounce, down 0.04%. On Friday, they declined $3.10, or 0.25%, to settle at $1,222.50 a troy ounce. Last week, gold futures dipped modestly on Friday, but still ended the week up nearly 3% as investors sought shelter from steep losses in oil and equity markets, amid lingering fears of a global economic slowdown.

• U.S. natural gas futures rallied sharply to end at the highest level in more than a week on Friday, as investors reacted to cooler changes in near-term weather patterns. On the New York Mercantile Exchange, natural gas for delivery in January surged 16.1 cents, or 4.43%, on Friday to settle at $3.795 per million British thermal units by close of trade. Prices hit a session high of $3.826 earlier, the most since December 3. Milder temperatures hovering over the U.S. should give way to colder temperatures by the end of December, which should prompt households and businesses to crank up their heating. Natural gas prices are down almost 19% from a recent peak of $4.689 reached on November 21, as weather forecasts called for above-normal temperatures in the coming weeks.

Oil prices continued to tumble on Friday, to hit the lowest level since 2009, as investors piled on to their short positions in anticipation of lower prices into the new year amid concerns over a growing supply glut. On the ICE Futures Exchange in London, Brent for January delivery hit a session low of $61.35 a barrel, a level not seen since July 2009, before settling at $61.85, down $2.21, or 3.48%. The International Energy Agency, the Organization of the Petroleum Exporting Countries and the U.S. Energy Information Administration all cut their estimates for oil-demand growth during the week, fuelling concerns over a slowdown in global demand.The IEA cut its 2015 global oil demand growth forecast by 230,000 barrels per day to 0.9 million barrel per day on Friday.

TRADING STRATEGY :

  • SELL GOLD BELOW 1213 TARGET 1208 1202 SL 1219
  • BUY GOLD ABOVE 1220.50 TARGET 1225.50 1231.50 SL 1214.50

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

15Dec

IForex Market Trading Signals and News – 15 December 2014

TRADING TIPS :

  • Forex-Dollar index remains slightly lower despite upbeat UoM report.
  • Forex-Dollar slides on soft pricing data, upbeat consumer sentiment supports.
  • Forex-Dollar loses ground after PPI data, UoM report ahead.

EUR/USD
EUR/USD was up 0.49% at 1.2468, up from a session low of 1.2362 and off a high of 1.2495.The pair was likely to find support at 1.2245, Monday’s low, and resistance at 1.2496, Thursday’s high.The dollar has rallied against the euro and other currencies in recent months on expectations for U.S. monetary policy to grow less accommodative while European and Asian central banks move in the opposite direction.On Friday, mixed U.S. data allowed for profit taking.Meanwhile in Europe, the single currency found support after data showed that industrial production in the euro zone rose 0.1% in October, in line with expectations, after a 0.5% increase in September, whose figure was revised from a previously estimated 0.6% gain.

USD/JPY
USD/JPY hit 119.20 during late Asian trade, the session high; the pair subsequently consolidated at 118.89, adding 0.17%.The pair was likely to find support at 117.43, Thursday’s low and resistance at 121.00, the high of December 9.The dollar strengthened broadly after the U.S. Department of Labor said on Thursday that the number of individuals filing for initial jobless benefits in the week ending December 6 decreased by 3,000 to 294,000 from the previous week’s total of 297,000.Separately, the U.S. Commerce Department said that retail sales increased by 0.7% last month, beating expectations for a gain of 0.4%. Retail sales growth for October was revised up to a 0.5% increase from a previously reported gain of 0.3%.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2486-TG:1.2506/1.2536 SL 1.2456
2. Sell EUR/USD Below 1.2434-TG:1.2414/1.2384 SL 1.2464

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

15Dec
sgx 15 dec.

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

MARKET UPDATES :

  • Cache Logistics Trust (Cache) has proposed the renewal of the master lease at CWT Commodity Hub from April 2015. This is the first renewal since Cache’s listing in 2010. Reversion of 0.4% is c.6% below our net rental income estimate, but could be 10-15% below consensus.
  • HSBC Global equities in 2015 – Earnings to set the speed limit-We see modest upside to global equities in 2015, with earnings growth taking over as the key driver of returns.We are overweight Europe and EM, and underweight the US. We recommend a defensive tilt at the sector level with overweight positions on Telecoms, Utilities, Consumer Staples and Financials. Our analysts identify four themes likely to drive returns over the next 12 months.
  • First Resources is relatively better positioned among peers to ride through the headwinds and deliver decent profits. FR’s strength lies in its balanced age profile that ensures good production growth and cash flow. This, together with prudent cost control and flexible downstream operations, makes FR one of the most profitable plantation companies.
  • Singapore REITs – Adjusting to the new normal-: S-REITs to face rising cost of capital. Prefer S-REITs with organic growth due to fewer acquisition opportunities. We interpret the FED’s decision to begin tapering its monthly bond-buying program and at the same time keeping short-term interest rates low as a signal that “taper” and “rate hikes” are not synonymous events. As such, the yield curve will continue to remain steep, with rates on the longer-tenure 10-year bonds to remain elevated on expectations of rising inflation. This will mean that investors of SREITs will likely to require higher returns to compensate for thinning spreads against the 10- year bonds in 2014. However, with S-REITs trading at a yield spread of 4.0% (vs 3.5% historical average), we believe that much of this risk has been priced in.
  • Yangzijiang Shipbuilding (Holdings) Ltd. – Initial steps in the right direction-: YZJ’s order book has yielded better than expected gross profit margins in 2014, driven by weaker steel prices as well as gains in construction efficiency for its first batch of large 10,000TEU containerships. About 25% of YZJ’s costs relate to steel plates, thus the 40% steel price fallen since these contracts were first inked in 2011 has boosted GP margins; while drydock days have been cut from 130 to 70. In 2015, we expect YZJ’s shipbuilding product mix to continue yielding healthy margins.

STOCK RECOMMENDATION :

  • SELL SIA ENGINEERING BELOW 4.000 TARGET 3.970 3.930 SL 4.050

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

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