7Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 07 January 2015

MARKET UPDATES :

  • SINGAPORE’s first manufacturing data point this new year was bad news for the sector. Falling to its lowest in close to two years, December’s purchasing managers’ index (PMI) pointed to industrial activity contracting. This, after three months of expansion, showed that Singapore has not after all defied waning production momentum across Asia. The overall PMI reading of 49.6 for last month, down from 51.8 in November, was worse than expected.
  • Oil edged up on Tuesday, recovering from a five per cent plunge in the previous session that saw prices touch fresh 5-1/2 year lows in an oversupplied market. Growth in oil supplies showed no sign of abating, with output in Russia hitting a record high in 2014 and exports from Opec’s second largest producer Iraq the highest since 1980.
  • SECURITIES trading value fell 25 per cent while derivatives trading volume rose to a record high in 2014, the Singapore Exchange (SGX) announced on Tuesday. Total trading value of securities fell to S$266 billion in 2014, compared to the year before. In 2014, new company listings jumped to 41 from 32 the year before, but total funds raised tumbled 45 per cent toS$3.9 billion. New bond listings increased to a record 521 from 465, and listing value surged 21 per cent to S$213 billion.
  • 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. Singapore Banks – Uncovered interest rate parity – good for NIM, bad for NPL-: The FX based monetary policy for Singapore makes interest rates (we use 3M Sibor as a proxy) a function of global rates, especially the Fed fund rates (R2 of 0.88 over last 15 yrs). The extent of change in rates has a theoretical underpinning in form of uncovered interest rate parity. As per UIP, the interest rate differential should broadly be in-line with FX changes.
  • Singapore Airlines – Slower growth well anticipated, lacking catalyst; maintain Neutral-There is no change in our view on Singapore Airlines (SIA) and we maintain our Neutral rating on the stock. We cut our FY3/15-17E EPS forecasts by 19%/17%/18% respectively after factoring in lower passenger yield assumptions and updating capital expenditure and fleet expansion strategy after SIA’s analyst briefing.
  • UOB delivered once again via its formidable fee franchise. Although some elements of the outperformance were due to less recurrent factors, we do not think it is fair to say that the outperformance was illusory. Its strategic focus on ASEAN should not change in the near future.

STOCK RECOMMENDATION :

  • BUY MAPLETREE CORP CMP 1.440 TARGET 1.480 1.540 SL 1.390

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

6Jan

Comex Trading Signals and Market News – 06 January 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices held mostly steady to weaker on Tuesday with the dollar the key focus as investors weigh prospects for further market turmoil from Greece’s latest political turmoil and general concerns over the euro zone.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery eased 0.06% to trade at $1,203.30 a troy ounce during U.S. morning hours, after hitting a daily peak of $1,202.00.Overnight,gold futures edged higher on Monday, as investors sought shelter from steep losses in the oil market, amid lingering fears of a global economic slowdown.

Crude oil prices rebounded slightly in early Asia on Tuesday ahead of a U.S. industry survey of domestic crude and product stocks. The American Petroleum Institute will release data on crude, gasoline and distillates stocks later Tuesday in a survey that is followed as a tip to more clocely watched U.S. Department of energy data on Wednesday.On the New York Mercantile Exchange, crude oil for delivery in February rose 0.41% to trade at $50.08 a barrel.West Texas Intermediate and Brent oil futures plunged to their lowest level since 2009 on Monday, as investors piled on to their short positions in anticipation of lower prices amid lingering concerns over a growing supply glut.CE-traded Brent crude, the international benchmark, slid 5.9% to $53.11 on Monday, the lowest level since May 1, 2009.

• Saudi Arabia made deep cuts to its monthly oil prices for European buyers on Monday, a move some analysts said reflects the kingdom’s deepening defense of market share, although it also hiked prices in Asia from record lows.State oil firm Saudi Aramco cut the official selling price (OSP) for its Arab Light crude to Northwest Europe, a region that buys only a small proportion of Saudi Arabia’s crude, by $1.50 a barrel for February, putting it at a discount of $4.65 a barrel to the Brent Weighted Average (BWAVE), the lowest since 2009.However, Aramco also raised its February price for its Arab Light grade for customers for Asia – the largest of its major markets, accounting for more than half of its exported crude – by 60 cents a barrel versus January to a discount of $1.40 a barrel to the Oman/Dubai average.

• The White House said on Monday that U.S. President Barack Obama believes the proposed Keystone XL (TO:TRP) pipeline would have little impact on U.S. gas prices but a spokesman would not say whether he would veto Republican legislation related to the project. Republicans want Obama to approve the pipeline, which would carry tar sands oil from Canada. White House spokesman Josh Earnest said Obama would wait to see any legislation they propose before determining whether to veto it.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1208.5 TARGET 1213.5 1219.5 SL 1202.5
  • SELL GOLD BELOW 1201 TARGET 1196 1191 SL 1207

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

6Jan

IForex Market Trading Signals and News – 06 January 2015

TRADING TIPS :

  • Forex-Euro slumps to 9-year low as QE bets mount.
  • Forex-GBP/USD hits fresh 17-month lows on U.K. construction data.
  • Forex-Aussie up slightly despite weak AI Group manufacturing survey.

USD-JPY
USD/JPY changed hands at 120.07, down 0.36%.Last week, the euro fell to four-and-a-half year lows against the dollar on Friday, and the greenback rose to parity against the Swiss franc after European Central Bank President Mario Draghi indicated that the likelihood of quantitative easing has increased.In an interview Handelsblatt Draghi said the risk of the ECB not fulfilling its mandate of price stability is higher now than six months ago. The remarks indicated that the central bank is moving closer to implementing quantitative easing measures in order to spur growth and inflation.

EUR/USD
EUR/USD hit lows of 1.1858, the weakest since February 2006, and was last at 1.1950, off 0.42%.On Friday, ECB President Mario Draghi said the risk of the ECB not fulfilling its mandate of price stability is higher now than six months ago, indicating that the likelihood of full blown quantitative easing has increased.Investors were looking ahead to preliminary data on euro area inflation for December, due for release on Wednesday. Economists have forecast at 0.1% decline in inflation, which would be the first drop since 2009.The annual rate of euro zone inflation was just 0.3% in November, well below the ECB’s target of close to but just below 2%.Data on Friday showed that manufacturing activity in the euro area grew at a slower rate than initially estimated in December, adding to concerns over the outlook for fourth quarter growth and adding to pressure on the ECB to act.

RECOMMENDATION :

1. Buy USD/JPY Above 120.66-TG: 120.86/121.16 SL 120.36
2. Sell USD/JPY Below 119.95-TG: 119.75/119.45 SL 120.25

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

6Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 06 January 2015

MARKET UPDATES :

  • THE Singapore economy is officially expected to grow 2-4 per cent this year: the exact same forecast as a year ago for 2014. But this range could mean either a pick-up in growth or further slowdown in 2015 – and it’s anyone’s guess given the diverse range of risks to growth, both domestic and external. Advance estimates last Friday put Singapore’s 2014 growth at 2.8 per cent – in the lower half of the government’s forecast range and significantly slower than 2013’s 3.9 per cent. For now, market economists expect some improvement in 2015, with a median forecast of 3.2 per cent growth this year.
  • SINGAPORE’S Chief Justice on Monday announced the appointment of four new senior counsel (SC) at the opening of the new legal year, bringing the number of SC to 59.They are: Lee Kim Shin, formerly a judicial commissioner of the Supreme Court; Tan Chuan Thye, a director with Stamford Law Corporation; Mavis Chionh, chief prosecutor of the financial and technology crime division in the Attorney-General’s Chambers; and Edwin Tong, a partner at Allen & Gledhill LLP. The four new SC were selected by a committee comprising Chief Justice Sundaresh Menon; Attorney-General V K Rajah, SC; Justice of Appeal Chao Hick Tin; and Justice of Appeal Andrew Phang Boon Leong.The SC scheme was started in 1997 to recognise the best and most skilful advocates in the legal profession.
  • Singapore shares ended the second trading day of the New Year notably lower on profit-taking as investors pondered data released last week showing pockets of weakness in several economies and the implications of a potential exit from the euro zone by Greece, which will hold snap elections on Jan 25.Decliners outnumbered gainers 257 to 165, with some 1.26 billion shares worth $844.6 million changing hands.
  • OSK-DMG has cut its price target for Keppel Corp from $12.60 to $11.30, valuing the conglomerate’s offshore and marine business at 15 times forward earnings instead of 18 times previously to reflect the stock’s “mid-cycle” valuations. Keppel’s shares have pulled back substantially in recent months on the back of falling oil prices, which have fuelled concerns that demand for the company’s rigs would weaken.
  • Dyna-Mac has won a contract with a preliminary value of nearly $89 million for the construction of 10 FPSO topsides modules and one flare tower.The contract was awarded by BW Offshore, a leading global provider of floating production services to the oil and gas industry.Dyna-Mac’s contract includes preparation of shop drawings and the fabrication of 10 units of topsides modules for an FPSO vessel that will operate at Premier Oil’s Catcher oil fields in the UK sector of the North Sea.
  • Yangzijiang Shipbuilding secured US$388 million ($485 million) of new orders in 4Q2014 with options to build another US$122 million worth of vessels, the company said in a statement this morning.The new contracts bring the total value of orders clinched in 2014 to US$1.8 billion, comprising 41 ships, according to the China-based shipbuilder.Six outstanding options to build container ships and bulk carriers were carried forward to this year.

STOCK RECOMMENDATION :

  • BUY EZION HOLDING ABOVE 1.150 TARGET 1.200 1.260 SL 1.100

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

5Jan

Comex Trading Signals and Market News – 05 January 2015

INTERNATIONAL COMMODITY NEWS :

• U.S. crude and Brent futures dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies amid weak demand continued to drag on oil markets.OPEC’s decision in November to maintain output had accelerated oil’s losses earlier, while record-high Russian production and the highest Iraqi exports since 1980 added to the concerns about oversupply. The two oil benchmarks, Brent and West Texas Intermediate, have now lost more than half of their value from peaks hit in the middle of last year.U.S. crude slid as low as $51.40 a barrel, its lowest since May 2009, and at 0312 GMT was just a tick above that at $51.59 a barrel, still down $1.10.February Brent crude dropped as low as $55.36 a barrel, also its lowest since May 2009, before edging back to $55.42, still down a dollar.”Trying to pick a bottom could be deadly,” said a crude oil trader who declined to be named due to company policy.Lackluster economic data from the United States on Friday fueled worries about the state of the global economy and the strength of oil demand.”Oil demand is unlikely be robust this year when we look at the state of economies in China, Japan and Europe,” said Yusuke Seta, a commodity sales manager at Newedge Japan.

Gold prices rose on Monday in early Asia with the focus on safe haven demand.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery added 0.18% to $1,188.30 a troy ounce. Last week, gold futures ended slightly higher on Friday, as investors returned to the market to seek cheap valuations after prices hit a one-month low earlier in the session.Despite Friday’s modest gains, gold declined $8.70, or 0.76%, on the week, the third consecutive weekly loss.

• U.S. natural gas futures rallied off the lowest level in more than two years on Friday, as investors reacted to cooler changes in near-term weather patterns. On the New York Mercantile Exchange, natural gas for delivery in February surged 11.4 cents, or 3.95%, to settle at $3.003 per million British thermal units by close of trade.Prices hit a session low of $2.805 earlier in the day, a level not seen since September 2012.Futures were likely to find support at $2.805 per million British thermal units, the low from January 2, and resistance at $3.130, the high from December 31.Milder temperatures hovering over the U.S. should give way to colder temperatures in the eastern two-thirds of the U.S. over the next six-to-ten days, which should prompt households and businesses to crank up their heating. Below- average winter temperatures increase the need for gas-fired electricity to heat homes, boosting demand for natural gas.The heating season from November through March is the peak demand period for U.S. gas consumption.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1196 TARGET 1201 1207 SL 1190
  • SELL GOLD BELOW 1189 TARGET 1184 1178 SL 11955

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

5Jan

IForex Market Trading Signals and News – 05 January 2015

TRADING TIPS :

  • Forex-Dollar index remains near 9-year highs despite ISM report.
  • Forex-EUR/USD hits fresh 4-1/2 year trough on data, Draghi.
  • Forex-USD/JPY climbs higher, ISM report on tap.

USD-JPY
USD/JPY hit 120.58 during European afternoon trade, the pair’s highest since December 30; the pair subsequently consolidated at 120.55, gaining 0.66%.The pair was likely to find support at 119.22, the low of December 31 and resistance at 121.86, the high of December 8 and a seven-year high.The U.S. dollar was higher against the yen on Friday, as expectations for a U.S. rate hike this year continued to support the greenback and investors eyed the release of U.S. manufacturing activity data later in the day.The dollar remained broadly supported as a recent string of upbeat U.S. data sparked optimism over the strength of the country’s economic recovery and added to expectations for the Federal Reserve to soon raise interest rates.

EUR/USD
EUR/USD hit 1.2009 during U.S. morning trade, the pair’s lowest since June 2010; the pair subsequently consolidated at 1.2017, declining 0.72%. The pair was likely to find support at 1.1875 and resistance at 1.2171, The high of December 31.the euro zone’s manufacturing purchasing managers’ index fell to 50.6 in December from 50.8 in November. Analysts had expected the index to remain unchanged this month.The euro hit a fresh four- and-a-half year trough against the U.S. dollar on Friday, as disappointing euro zone manufacturing data and comments by European Central Bank President Mario Draghi weighed on the single currency.Germany’s manufacturing PMI remained unchanged at 51.2 this month, in line with expectations.

RECOMMENDATION :

1. Buy USD/JPY Above 120.85-TG: 121.25/120.75 SL 120.35
2. Sell USD/JPY Below 120.05-TG: 119.65/119.15 SL 120.55

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

5Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 05 January 2015

MARKET UPDATES :

  • THE Singapore economy grew a weaker-than-expected 1.5 per cent year-on-year in Q4 2014, slowing from Q3’s 2.8 per cent expansion as the manufacturing sector shrank in the final quarter.The median forecast of six economists polled by Bloomberg before the Ministry of Trade and Industry (MTI) released advance GDP (gross domestic product) estimates on Friday morning was for Q4 growth of 2.2 per cent.
  • ADVANCE estimates from the Ministry of Trade and Industry on Friday morning show that Singapore’s economy grew a poorer-than-expected 1.5 per cent year on year in the final quarter of 2014.This meant 2.8 per cent growth for the whole of 2014, slower than 2013’s 3.9 per cent. Here’s what private-sector economists had to say.
  • PRIVATE home prices fell one per cent in the fourth quarter of 2014 over the previous quarter, higher than the 0.7 per cent decline in Q3 2014, based on the Urban Redevelopment Authority’s (URA) flash estimates released on Friday.This marks the fifth consecutive quarter-on-quarter drop in URA’s widely watched private home price index.For the whole of last year, the index eased 4 per cent – contrasting with a 1.1 per cent rise in 2013.
  • SINGAPORE shares end higher on Friday. The Straits Times Index gained 5.44 points to 3,370.59.Some 1.07 billion shares, valued at S$556.9 million were traded. Gainers numbered 279 while losers numbered 154.
  • A Libyan-registered oil tanker, Aiyarmouk, on Friday collided with a Singapore-registered bulk carrier, Sinar Kapuas, in Singapore waters, the Maritime and Port Authority of Singapore (MPA) said. The collision happened about 11 nautical miles north-east of Pedra Branca. The MPA received the report at 6am, Singapore time.The two vessels involved in the collision are currently anchored and in stable condition. There is no report of injury, and traffic in the port and the Strait of Singapore remains unaffected.
  • KEPPEL AmFELS LLC, a US-based subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has won a contract valued at over US$100 million to build one of the world’s largest land drilling rigs for a major operator.Scheduled for delivery in mid-2016, Keppel AmFELS will be undertaking the engineering, procurement and construction of the rig.
  • Centurion announced that its 51/49 JV with Lian Beng Construction has won a land tender by the Association of Process Industry (ASPRI) to develop a 7,900-bed workers’ dormitory and training centre for workers in the process industry, located at Jalan Papan, which is close to Jurong Island. According to the Group, total development cost, which includes land premium and acquisition cost, is estimated at S$200m, and will be funded by a combination of bank loans and internal resources. The dormitory is expected to be completed in 2017, and this will coincide with the expiry of the 8,600-bed Tuas dormitory, thereby mitigating the expected drop in earnings.

STOCK RECOMMENDATION :

  • BUY YONGNAM HLDG ABOVE 0.197 TARGET 0.201 0.208 SL 0.192

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

2Jan

Comex Trading Signals and Market News – 02 January 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices gained some ground on Tuesday, but still remained vulnerable as the U.S. dollar was trading near nine-year highs against a basket of other major currencies.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were up 0.47% to $1,187.40.The February contract ended Monday’s session 1.12% lower at $1,181.90 an ounce.Safe-haven demand strengthened after Greek Prime Minister Antonis Samaras said on Monday that he will recommend parliamentary elections are held on January 25, almost 18 months before his coalition’s term was due to end.The announcement came as Samaras failed in his third attempt to persuade lawmakers to back his candidate for head of state, forcing the legislature’s dissolution.Meanwhile, the dollar remained supported after final data last week showed that U.S. gross domestic product rose 5.0% in the third quarter, exceeding expectations for a growth rate of 4.3% and up from 3.9% in the three months to June.

Natural gas futures declined on Tuesday, re-approaching two-year lows although reports of an outbreak of cold January weather was expected to stoke demand for the heating fuel.On the New York Mercantile Exchange, natural gas futures for delivery in January were down 3.34% at $3.092 per million British thermal units during U.S. morning trade.Natural gas futures had found some support on Monday after the U.S. government’s midday Global Forecast System showed “a stronger cold push” in the Midwest.The report also showed lower temperature readings for the Plains, Texas and the Northeast for January 3 through January 7, while forecasts turned colder in the central and northern mid-Atlantic regions for the following five days.

Crude futures closed up slightly Tuesday, getting some relief from a weak dollar but not making significant strides as traders prepared for the end of the year.The dollar is generally inversely related to the price of oil, and so a small the decline in the dollar index (DXY) may have lent some strength to crude oil, according Thomas Saal, an analyst with INTL Hencorp Futures. Saal said prices may have also been boosted as traders balanced their positions before the end of the year.The global benchmark Brent settled up 2 cents at $57.90. U.S. crude settled up 51 cents at $54.12 a barrel.Both measures hit 5-1/2-year lows yesterday before rebounding slightly.U.S. crude was supported slightly by news that the Obama administration took two long-awaited steps that could increase the amount of processed light crude that can be shipped under the 40-year-old ban on exports of most domestic crude.The reaction was muted because the measures were introduced during the holidays, said John Kilduff, partner at New York energy hedge fund Again Capital.Investors were also waiting for U.S. inventory data. The American Petroleum Institute is scheduled to release data on Tuesday while the U.S. Department of Energy’s Energy Information Administration will issue data on Wednesday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1188.5 TARGET 1193.5 1199.5 SL 1182.5
  • SELL GOLD BELOW 1179.5 TARGET 1174.5 1168.5 SL 1185.5

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

2Jan

IForex Market Trading Signals and News – 02 January 2015

TRADING TIPS :

  • Forex-Dollar pushes lower on year-end profit-taking.
  • Forex-Greenback edges lower against loonie in early trade.
  • Forex-USD/JPY drops on year-end profit-taking.

USD-JPY
USD/JPY hit 119.19 during European early afternoon trade, the pair’s lowest since December 19; the pair subsequently consolidated at 119.51, retreating 0.94%.The dollar remained broadly supported after final data last week showed that U.S. gross domestic product rose 5.0% in the third quarter, exceeding expectations for a growth rate of 4.3% and up from 3.9% in the three months to June.The strong data fuelled further optimism over the strength of the U.S. economic recovery and added to expectations for the Federal Reserve to raise interest rates next year.Separately, markets were jittery after Greek Prime Minister Antonis Samaras said on Monday that he will recommend parliamentary elections are held on January 25, almost 18 months before his coalition’s term was due to end.

EUR/USD
EUR/USD edged up 0.11% to 1.2168, off two-year lows of 1.2124 hit earlier in the session.Markets were jittery after Greek Prime Minister Antonis Samaras said on Monday that he will recommend parliamentary elections are held on January 25, almost 18 months before his coalition’s term was due to end.The announcement came as Samaras failed in his third attempt to persuade lawmakers to back his candidate for head of state, forcing the legislature’s dissolution.Earlier Tuesday, preliminary data showed that Spanish consumer price inflation slipped 0.6% this month, after a 0.1% downtick in November.Year-on-year, Spanish CPI dropped 1.1% in December, compared to expectations for a 0.7% fall, after a 0.4% downtick the previous month.

RECOMMENDATION :

1. Buy USD/JPY Above 120.21-TG:120.41/120.71 SL 119.91
2. Sell USD/JPY Below 119.60-TG:119.40/119.10 SL 119.90

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

2Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 02 January 2015

MARKET UPDATES :

  • SINGAPORE’S economy grew 2.8 per cent in 2014, but the “moderately well” performance was dimmed by a  “disappointing” minus 0.5 per cent productivity growth in the first three quarters of the year.Unveiling these numbers in his New Year Message, Prime Minister Lee Hsien Loong also said that real median incomes continued to rise, leading to a 10 per cent jump over the last five years. Productivity has been weak for the third year in a row, according to Mr Lee who said that Singapore must redouble its efforts to help companies and workers upgrade to become more productive.
  • BANK lending rose 0.6 per cent in November, following two straight months of no growth, data from the Monetary Authority of Singapore showed on Wednesday.Loans through the domestic banking unit – which mainly reflect Singapore-dollar lending – stood at S$608 billion. This compares with S$604 billion in October.The lift came from business loans, which rose 0.8 per cent to S$373 billion in November. In October, it contracted by 0.3 per cent.
  • THE Singapore operations of food chain Jones the Grocer, which has gone bust in Australia where it originates,    have not been hit by the restructuring Down Under, a senior executive of its majority shareholder L Capital Asia on Wednesday told The Business Times.”The Singapore business will be fine,” said chairman and managing partner Ravi Thakran at L Capital Asia, the private equity arm of luxury conglomerate LVMH Moet Hennessy Louis Vuitton. “The prognosis is good.”
  • KEPPEL Corporation’s subsidiary, Keppel Shipyard, has secured its second floating liquefaction (FLNG) vessel conversion contract worth approximately US$705 million, from Norway’s Golar LNG.Under this agreement, Keppel will again convert an LNG carrier into an FLNG vessel for Golar, and will similarly engage engineering firm Black & Veatch (B&V) to provide design, procurement and commissioning support services for the topsides of the FLNG, and leverage B&V’s technology for the liquefaction process.
  • YING Li International Real Estate on Wednesday said it would expand into other first-tier cities outside of Chongqing, China, for the first time, with its investment in the Beijing Tongzhou Project with China Everbright Limited.This will be done by investing 559 million yuan (S$119 million) in Shanghai Zhao Li Investment Centre LLP that would give it a “limited partnership interest”. The centre would then effectively invest in the project. Ying Li did not give a clear breakdown of its eventual stake in the Beijing Tongzhou Project, but said the group will partner with China Everbright and other joint investors to invest 7.2 billion yuan in total in the project.
  • THE government can do more to help small and medium-sized enterprises (SMEs) restructure, said Deloitte Singapore in its 2015 Budget wish list released on Tuesday.For one thing, the accounting firm believes the effectiveness of the Productivity & Innovation Credit (PIC) scheme can be improved. It recommends combining the PIC cash payout across the relevant assessment years and increasing the payout cap instead of limiting it to S$100,000 per year of assessment.

STOCK RECOMMENDATION :

  • BUY ASCOTT REIT ABOVE 1.280 TARGET 1.320 1.400 SL 1.240

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

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