21Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 21 January 2015

MARKET UPDATES :

  • SINGAPORE shares end higher on Tuesday.The Straits Times Index gained 26.32 points to 3,334.02.Some 1.23 billion shares, valued at S$949.7 million were traded. Gainers numbered 275 while losers numbered 147.
  • Singapore’s sovereign wealth fund GIC is investing 10.2 billion rupees (US$165.5 million) in India’s Bandhan Financial Services, which is setting up one of the country’s two newest banks, Bandhan’s chairman said on Tuesday.The company will get a total equity investment of 16 billion rupees, including 5.8 billion rupees from existing investor IFC, Bandhan Chairman Chandra Shekhar Ghosh told Reuters.
  • The guide shows that in Singapore, 59 per cent of employers increased salaries in their last review by 3 to 6 percent, while 8 per cent gave staff an increase of between 6 and 10 per cent. A further 5 per cent increased above 10 per cent.At the other end of the scale, 22 per cent gave increases of less than 3 per cent, and the final 6 per cent of employers gave no increases at all.
  • Credit Suisse Group AG sued REI Agro Ltd. in Singapore claiming the Indian basmati rice producer and 16 related companies conspired to get loans for non-existent trades of the staple.REI Agro founders Sandip and Sanjay Jhunjhunwala used a web of sham rice-trading companies in Singapore and Hong Kong to support a 2012 US$115.5 million loan agreement by REI Agro’s Dubai-based Ammalay Commoditiess JLT, according to a lawsuit in the Singapore High Court.
  • EARNINGS of Keppel Infrastructure Trust (KIT) for the full financial year ended Dec 31, 2014, were lower from a year ago due to lower production of NEWater, lower power tariff from plunging oil prices and higher trust expenses.Profit was 10.4 per cent lower at S$12.7 million from a year ago.
  • MAPLETREE Logistics Trust on Monday reported a distribution per unit (DPU) of 1.87 Singapore cents for its third quarter ended Dec 2014. This was just a tad higher than the 1.84 cents that it paid out a year ago.This came on the back of a 2.7 per cent increase in its total amount distributable to unitholders to S$46.19 million,Gross revenue rose 6.2 per cent to S$82.92 million, helped by contribution from six properties acquired in China, Singapore, Malaysia and South Korea during this financial year, as well as from Mapletree Benoi Logistics Hub and higher revenue from its existing assets.
  • Petronas plans to cut workforce by more than 10%. Petronas has total staff strength of 49,193 according to 2013 annual report. Petronas also plans to defer capital expenditures and cut operational spending in response to the 60% decline in oil prices. The deferments would reflect the change of environment in the global oil and gas industry to ensure its resilience through the low oil price period.

STOCK RECOMMENDATION :

  • BUY CAPCOM TRUST ABOVE 1.840 TARGET 1.880 1.950 SL 1.790

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

20Jan

Comex Trading Signals and Market News – 20 January 2015

INTERNATIONAL COMMODITY NEWS :

Oil markets dipped on Tuesday as China’s economic growth for 2014 undershot a government target and hit its weakest annual expansion in 24 years, adding to worries in energy markets already suffering from slowing demand and oversupply.The world’s second- largest economy grew 7.4 percent last year, China’s National Bureau of Statistics said, less than the target of 7.5 percent. Growth in the fourth quarter held at its weakest in nearly six years, although coming in slightly better than expected at 7.3 percent.

Gold prices rebounded slightly in Asia on Tuesday mainly on improved physical demand and shrugging off data from China that suggested further monetary easing ahead.China said full year growth rose 7.4% in 2014, the slowest pace in 24 years, but quarterly data beat expectations.China’s fourth quarter GDP rose 7.3%, industrial production gained 7.9% in December and and retail sales increased 11.9%, all beating expectations. Economists expected the government to report that the economy expanded 7.2% year-on-year in the final three months of last year, down on the third quart

Copper fell sharply on Monday, as investors looked ahead to a raft of Chinese economic data due on Tuesday for further indications on the strength of the economy and the future path of monetary policy.On the Comex division of the New York Mercantile Exchange, copper for March delivery slumped 5.1 cents, or 1.93%, to trade at $2.567 a pound during U.S. morning hours. Trade volumes were expected to remain light on Monday, with U.S. markets closed for a holiday.

• U.S. natural gas prices plunged sharply on Monday, as weather forecasts predicted temperatures across the U.S. would not be as cold as previously thought, dampening near-term demand expectations for the heating fuel.On the New York Mercantile Exchange, natural
gas for delivery in February tumbled 12.0 cents, or 3.85%, to trade at $3.007 per million British thermal units during U.S. morning hours, after hitting a daily low of $2.978.

• Iran sees no sign of a shift within OPEC toward action to support oil prices, its oil minister said, adding its oil industry could ride out a further price slump to $25 a barrel. The comments are a further sign that despite lobbying by Iran and Venezuela, there is little chance of collective action by the 12-member OPEC to prop up prices – entrenching the reluctance of individual members to curb their own supplies.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1282 TARGET 1287 1293 SL 1276
  • SELL GOLD BELOW 1271 TARGET 1266 1260 SL 1277

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

20Jan

IForex Market Trading Signals and News – 20 January 2015

TRADING TIPS :

  • Forex-Japanese yen slightly weaker ahead of China GDP.
  • Forex- USD/CAD almost unchanged, near more than 5-year highs.
  • Forex-Dollar remains within close distance of multi-year highs in thin trade.

GBP/USD
GBP/USD hit 1.5234 during European morning trade, the session high; the pair subsequently consolidated at 1.5177, adding 0.18%.The dollar remained broadly supported after the Swiss National Bank abandoned its three- year old 1.20 per euro exchange rate cap in a shock move last Thursday.In addition, the University of Michigan said, in a preliminary report on Friday, that its consumer sentiment index rose to a 11-year high of 98.2 this month from 93.6 in December, compared to expectations for a rise to 94.1.The pound had come under pressure last week after data showed that the annual rate of consumer inflation in the U.K. slowed to 0.5% last month from 1.0% in November.The slowdown in inflation underlined expectations that the Bank of England will keep interest rates on hold at record lows for most of this year.

EUR/USD
EUR/USD gained 0.53% to 1.1628, pulling away from Friday’s 11-year lows of 1.1459.The euro remained under pressure amid mounting expectations that the European Central Bank will launch a government bond-buying program at its meeting on Thursday, in a bid to stave off the threat of deflation in the euro area.An interim ruling last Wednesday, which is likely to be accepted by the European Court of Justice, said the ECB was free to pursue a bond purchasing program without legal challenge.Last Thursday, the Swiss National Bank abandoned its three- year old 1.20 per euro exchange rate cap in a shock move, signaling that it expects the ECB to act this week.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5103-TG: 1.5123/1.5153 SL 1.5073
2. Sell GBP/USD Below 1.5050-TG: 1.5020/1.4990 SL 1.5080

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

20Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 20 January 2015

MARKET UPDATES :

  • THE Singapore economy, as a net importer of oil, stands to benefit from lower global oil prices, said Trade and Industry Minister Lim Hng Kiang in Parliament on Monday.A drop in oil prices will translate into lower electricity tariffs and fuel costs, which will directly benefit businesses and consumers, he said in response to queries by several MPs on the impact of the decline in oil prices in Singapore.Global oil prices have fallen sharply in recent months on the back of sluggish global demand and strong supply conditions. Since June 2014, the benchmark Brent oil price has declined from a peak of US$115 per barrel to around US$50 per barrel recently.
  • SINGAPOREANS are one step closer to access to universal health coverage as Parliament on Monday tabled the MediShield Life Scheme Bill, which provides for its implementation and administration.The Bill sets out the coverage and benefits, establishment of the MediShield Life Council, access to information, recovery of premiums, and offences and penalties. In terms of coverage and benefits, the Bill allows deduction of Medisave monies for premium payments. For those below the age of 21, the premiums will be paid by their parents or legal guardians, if they do not have sufficient Medisave fund.
  • KEPPEL Reit has posted distribution per unit (DPU) of 1.51 Singapore cents for the fourth quarter ended Dec 31, 2014, down from 1.97 cents in the same year-ago period.Net property income eased 8.3 per cent to S$34.25 million – due mainly to the absence of contribution from Prudential Tower.The trust completed the divestment of its 92.8 per cent interest in Prudential Tower in September 2014. It also completed the acquisition of a one-third interest in Marina Bay Financial Centre Tower 3 on Dec 16, 2014.Keppel Reit’s net asset value per unit stood at S$1.41 as at Dec 31, 2014, one cent higher than a year earlier.
  • THE Singapore Exchange (SGX) will make a long-awaited change today to cut the size of its minimum trading unit – known as a standard board lot – from 1,000 to 100 shares.
  • First Real Estate Investment Trust – Growth Path Intact-:With locked-in master leases and revenue derived mostly from base rents, full year results came in well, with revenue (+12% YoY), NPI (+15% YoY) and DPU (+7% YoY) in-line with our forecasts. We like the continued DPU growth fuelled by acquisitions, though we keep our target price of S$1.38 unchanged. Full-year DPU of 8.05c translates to a yield of 6.3% – an attractive 4.5% spread over the 10-year risk free rate.
  • Cambridge Industrial Trust – High-yield play-:Revenues and net property income grew by 12.6% and 3.0% y-o-y respectively, mainly driven by contributions from a net increase in portfolio size (50 vs 47 properties). CREIT acquired S$140.8m worth of acquistions across 2014 which will contribute positively to earnings in 2015.

STOCK RECOMMENDATION :

  • BUY MAPLETREE TRUST ABOVE 1.230 TARGET 1.260 1.310 SL 1.180

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

19Jan

Comex Trading Signals and Market News – 19 January 2015

INTERNATIONAL COMMODITY NEWS :

Oil prices slumped in early Asia on Monday as the supply outlook remains robust despite a sustained drop in prices of more than 50% in the past six months.On the New York Mercantile Exchange, crude oil for delivery in February eased 0.78% at $48.75 a barrel. Last week, oil prices rallied sharply on Friday, as bullish comments made by the International Energy Agency helped ease concerns over a glut in global supplies.For the week, New York-traded oil futures inched up 33 cents, or 0.67%, the first weekly gain in eight weeks.Elsewhere, on the ICE Futures Exchange in London, Brent for March delivery jumped $1.90, or 3.94%, to settle at $50.17 a barrel on Friday.The International Energy Agency cut its forecast for the increase in non-OPEC oil supply this year by 350,000 barrels a day, amid indications lower prices had begun to curb output in some areas, including North America.

Gold prices held flat to slightly higher in Asia on Monday with investors focused on weak inflation trends across the globe.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were flat to slightly higher at%1,277.10 a  troy ounce. Last week, gold rallied to the highest level in more than four months on Friday, as demand for safe haven assets was boosted amid turmoil in the currency market, following the Swiss National Bank’s surprise policy decision to scrap its peg against
the euro. A day earlier, gold surged $30.30, or 2.45%, to close at $1,264.80 an ounce.Also on the Comex, silver futures for March delivery soared fell to $17.678, down 0.41%.Gold rallied sharply after the SNB shocked the markets on Thursday, saying it would discontinue the minimum exchange rate of 1.20 per euro it imposed in September 2011.

• U.S. natural gas futures declined for the second consecutive session on Friday, as weather forecasts predicted temperatures across the U.S. would not be as cold as previously thought, dampening near-term demand expectations for the heating fuel.On the New York Mercantile Exchange, natural gas for delivery in February slumped 3.1 cents, or 0.98%, on Friday to settle at $3.127 per million British thermal units by close of trade. Futures were likely to find support at $2.932 per million British thermal units, the low from January 14, and resistance at $3.352, the high from January 15.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1285 TARGET 1290 1296 SL 1279
  • SELL GOLD BELOW 1272 TARGET 1267 1261 SL 1278

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

19Jan
forex-trading3

IForex Market Trading Signals and News – 19 January 2015

TRADING TIPS :

  • Forex-Dollar index remains at multi-year highs, boosted by UoM report.
  • Forex-EUR/USD hits fresh 11-year lows on ECB stimulus expectations.
  • Forex-GBP/USD edges higher but gains in check.

GBP/USD
GBP/USD hit 1.5225 during European morning trade, the session high; the pair subsequently consolidated at 1.5212, adding 0.20%. Cable was likely to find support at 1.5074, the low of January 13 and resistance at 1.5270, the high of January 14.The dollar showed little reaction to data on Thursday showing that the number of people who filed for unemployment assistance in the U.S. last week rose to a four-month high of 316,000, compared to expectations for a decline of 6,000.The pound edged higher against the U.S. dollar on Friday, but were held in check as demand for the greenback remained broadly supported despite Thursday\’s mixed bag of U.S. Data. A separate report showed that U.S. producer prices fell by the most in three years in December, falling 0.3% as energy costs tumbled.

EUR/USD
EUR/USD hit 1.1538 during U.S. morning trade, the pair’s lowest since October 2003; the pair subsequently consolidated at 1.1547, retreating 0.72%.The pair was likely to find support at 1.1531 and resistance at 1.1649, the session high.The euro was hit after official data earlier showed that consumer price inflation in the euro zone fell 0.1% in December, in line with market expectations, after a 0.2% decline in November.The euro dropped to fresh 11-year lows against the U.S. dollar on Friday, as downbeat euro zone inflation data fuelled further expectations that the European Central Bank could announce additional stimulus measures in its upcoming policy statement..

RECOMMENDATION :

1. Buy GBP/USD Above 1.5268-TG: 1.5288/1.5318 SL 1.5238
2. Sell GBP/USD Below 1.5190-TG: 1.5170/1.5140 SL 1.5220

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

19Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 19 January 2015

MARKET UPDATES :

  • THE pick-up in Singapore’s non-oil domestic exports gathered strength to grow 2.3 per cent year on year in December 2014, after rising 0.8 per cent in November.But the momentum failed to follow through month on month as the NODX inched up only a seasonally-adjusted 0.1 per cent in December, against a 2.1 per cent increase in November.Non-electronic NODX fell month on month but the decline was outweighed by a rise in the electronic NODX, according to trade promotion agency International Enterprise Singapore.
  • The Singapore economy has reached a stage of its development where it is no longer possible to expand by 5 to 6 per cent each year, said Prime Minister Lee Hsien Loong.The country will have done well if it manages to achieve annual GDP growth of 2 to 3 per cent for the next five years, Mr Lee said in an interview with the Singapore media at the Istana on Wednesday. “Domestically, we have to get used to what that means. Three per cent (growth) per year means wages will go up correspondingly, gradually, year by year. Maybe not every year, but over four to five years you will see improvements if we are successful in our policies.”
  • Centurion Corporation said it is currently exploring the feasibility of spinning off a real estate investment trust (Reit) to list on the Singapore Exchange and injecting some of its workers accommodation assets into the Reit.This will allow the group to recycle capital to pursue its growth strategies across its growing accommodation business, it explained.Having a Reit to hold the stabilized assets could expand the group’s role from developing greenfield projects to managing assets.
  • Noble’s share price has broken below the key S$1 mark, currently down 4.9% at S$0.975, likely weighed by worries over a prolonged drop in crude oil prices. Although Noble does not own much energy assets, it does derive a large part of its business (revenue contribution of nearly 70%) from the energy sector, where it is predominantly involved in shale gas – both logistics and trading.
  • Neptune Orient Lines – Realistic chances of turnaround-:NOL could be in for better luck in FY15, with bunker fuel prices declining from US$600/ MT to less than US$300/MT in a little over six months. Given that NOL’s liner business consumes about 3m MT of bunker fuel per year, this implies significant cost savings. It has to be kept in mind though that part of the fuel price decline will be passed through to customers through lower fuel surcharges and bunker adjustment factors on long-term contracts. However, the fact that NOL has lagged its peers in terms of fuel efficiency and margins in the past means there is more room for improvement, given the razor thin margins involved.
  • Keppel Corp has announced S$330m worth of contracts in Jan 15. We estimate its order book to be at c.S$12.7bn with deliveries mainly in 2015-16. In view of the weaker oil price environment, we incorporate a c.50% cut in order assumptions for FY15-16 to S$2.8bn-3bn p.a. This leads to a 5-12% reduction in EPS and a lower target price of S$9.90, still based on RNAV.

STOCK RECOMMENDATION :

  • BUY SUNTEC REIT ABOVE 1.995 TARGET 2.045 2.145 SL 1.925

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

16Jan

Comex Trading Signals and Market News – 16 January 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Friday, driven by shifting sentiment on the dollar and the timing for a rate hike as widely expected by the Federal Reserve later this year.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery fell 0.20% to $1,262.30 a troy ounce.Also on the Comex, silver futures for March delivery eased 0.18% to trade at $17.072 a troy ounce. Elsewhere in metals trading, copper for March slumped 1.33% to trade at $2.544 a pound.A day earlier, copper hit $2.423, a level not seen since June 2009, before settling at $2.505, down 13.8 cents, or 5.24%, as concerns over the global economic outlook and the impact on future demand prospects dampened the appeal of the commodity. The U.S. Department of Labor said the number of individuals filing for initial jobless benefits increased by 19,000 last week to 316,000, the highest in almost four months. Analysts had expected initial jobless claims to decline by 6,000 to 291,000 last week from 297,000 in the preceding week.

Crude oil prices rebounded in Asia on Friday with sharp swings in currencies and the commodity complex whipsawing market sentiment.On the New York Mercantile Exchange, crude oil for delivery in February rose 0.51% to $46.49 a barrel.Overnight, oil futures swung between significant gains and losses in choppy trade on Thursday, as investors eyed movements in the currency market for direction. A day earlier, New York-traded oil futures surged $2.59, or 5.64%, to settle at $48.48 a barrel, as investors returned to the market to close out bets on lower prices. NYMEX prices hit $44.20 on Tuesday, a level not seen since March 2009.

Natural gas futures extended gains on Thursday, after data showed that U.S. natural gas supplies fell more than forecast last week. On the New York Mercantile Exchange, natural gas for delivery in February surged 10.2 cents, or 3.17%, to trade at $3.322 per million British thermal units during U.S. morning hours. Prices were at $3.294 prior to the release of the supply data. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended January 9 fell by 236 billion cubic feet, more than expectations for a decline of 224 billion and compared to a drop of 131 billion in the previous week.

• The collapse in oil prices is starting to slow growth in U.S. output, OPEC said on Thursday, although the slowdown will not prevent demand for the exporter group’s oil falling in 2015 to its lowest in a decade.In a monthly report, the Organization of the Petroleum Exporting Countries (OPEC) forecast demand for the group’s oil would drop to 28.78 million barrels per day (bpd) in 2015, down 140,000 bpd from its prior estimate and the lowest since 2004.

TRADING STRATEGY :

  • SELL GOLD BELOW 1255 TARGET 1250 1244 SL 1261
  • BUY GOLD ABOVE 1264 TARGET 1269 1275 SL 1258

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

16Jan

IForex Market Trading Signals and News – 16 January 2015

TRADING TIPS :

  • Forex-Euro sharply lower after SNB abandons cap, cuts rates.
  • Forex-NZD/USD rises but upside seen limited
  • Forex-Pound slides lower vs. stronger dollar.

GBP/USD
GBP/USD hit 1.5201 during European morning trade, the session low; the pair subsequently consolidated at 1.5187, shedding 0.31%. The dollar regained some ground after falling broadly on Wednesday when a report showed the largest drop in U.S. retail sales in 11 months in December.Official data showed that U.S. retail sales fell 0.9% last month after rising 0.4% in November. Separately, sentiment on the pound remained vulnerable after data on Tuesday showed that the annual rate of consumer inflation in the U.K. slowed to 0.5% last month from 1.0% in November. Consumer prices were unchanged from a month earlier, compared to expectations for an uptick of 0.1%. The slowdown in inflation underlined expectations that the Bank of England will keep interest rates on hold at record lows for most of this year.

EUR/USD
EUR/USD dipped 0.11% to 1.1773, not far from Wednesday’s nine-year lows of 1.1726, and off Wednesday’s highs of 1.1845.The dollar weakened across the board after official figures showed that U.S. retail sales fell 0.9% last month, the largest decline since last January after rising 0.4% in November.The euro remained under pressure after an interim ruling by the European Court of Justice on Wednesday was seen as clearing the way for the European Central Bank to implement quantitative easing measures at its upcoming meeting on January 22. The advocate general of the European Court of Justice, Pedro Cruz Villalon, advised judges to approve the ECB’s Outright Monetary Transactions program, a measure which was launched in 2012.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5280-TG: 1.5300/1.5330 SL 1.5250
2. Sell GBP/USD Below 1.5202-TG: 1.5182/1.5152 SL 1.5232

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

16Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 16 January 2015

MARKET UPDATES :

  • THE manpower crunch will put pressure on companies this year to pay higher wages to retain and attract talent, but productivity must improve in tandem to ensure wage increases are sustainable in the long run, said the National Trades Union Congress (NTUC).In its 2015 outlook for the unionised sector, NTUC highlighted that the labour market here is expected to remain tight as foreign manpower quotas continue to shrink this year. As such, the Labour Movement will continue to push for broad-based real wage increases by advocating greater adoption of the progressive wage model, emphasising productivity improvements in particular.
  • Robust car sales boosted Singapore’s retail sales in November, which rose 6.5 per cent year-on-year, according to the Department of Statistics. Excluding the sale of motor vehicles – which jumped a significant 50.2 per cent – retail sales would have decreased 0.4 per cent in November. Total retail sales value in November was estimated at S$3.2 billion, higher than the S$3.0 billion in November2013. The double-digit surge in motor vehicle sales helped to offset poorer performances in areas such as furniture & household equipment (-6.8 per cent), recreational goods (-6 per cent), and petrol service stations (-5.7 per cent).
  • DBS Bank has agreed with Postal Savings Bank of China (PSBC) and five other Chinese corporates to set up a consumer finance company – China Post Consumer Finance Company Limited (CPCFC) – which will be registered in Guangzhou city. DBS Bank will be investing 120 million yuan (S$25.83 million), representing 12 per cent of CPCFC’s registered capital. This makes the wholly-owned subsidiary of DBS Group Holdings the second largest shareholder and only foreign shareholder in CPCFC.
  • KEPPEL Offshore & Marine’s wholly-owned subsidiary, Keppel Singmarine, has clinched a contract worth S$265 million to build New Orient Marine’s first ice-class multi-purpose vessel.New Orient Marine is the subsidiary of Luxembourg-based Maritime Construction Services SA.Vessels with an ice class have a strengthened hull to enable them to navigate through sea ice. Designed to operate in ambient temperature as low as minus 30 degree Celsius, this vessel will have an ‘Ice Class Arc 5’ notation and capabilities such as ‘Class 3’ dynamic positioning and diving support functions.
  • DEVELOPERS sold just 230 private homes in the traditionally lull month of December, down from the already dismal 423 units in November 2014. However, last month’s sales figure is on par with the 259 units moved in December 2013.The above figures exclude executive condos (ECs), a public-private housing hybrid. Including ECs, developers sold 406 units last month, a drop from 1,278 units in November. That said, November saw three EC launches (Bellewoods, Bellewaters and Lake Life), compared with just one launch (The Terrace) in December.
  • SINGAPORE is the third most expensive market for construction within the Asia region, according to the International Construction Cost Report, which was released on Thursday. This is despite the country having seen significant relative cost reductions over the past year. Singapore has also moved down five places on the global ranking, compared with the previous global ranking.

STOCK RECOMMENDATION :

  • BUY SMRT CORP ABOVE 1.630 TARGET 1.670 1.730 SL 1.570

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

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