22Sep
sgx 23 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 23 September 2014

MARKET UPDATES :

  • THE Ministry of Finance (MOF), Monetary Authority of Singapore (MAS) and the Inland Revenue Authority of Singapore (IRAS) have proposed regulations to help financial institutions in Singapore comply with the US Foreign Account Tax Compliance Act (Fatca). The Fatca requires all financial institutions outside of the US to regularly submit information on financial accounts held by US persons to the US Internal Revenue Service (IRS), or face a 30 per cent withholding tax on certain gross payments received from the US. To ease the Fatca compliance of financial institutions here, Singapore has substantially concluded a Model 1 Intergovernmental Agreement (IGA) with the US, announced the three government agencies in a joint statement on Monday. Under the Model 1 IGA, Singapore- based financial institutions will report information on financial accounts held by US persons to IRAS, which will in turn provide the information to the US IRS.
  • Singapore shares ended lower on Monday with the benchmark Straits Times Index down 8.48 points to close at 3,296.57. Volume was 1.57 billion shares worth S$952.7 million. Losers outnumbered gainers 280 to 162.
  • Danish rookie Kevin Magnussen needed medical attention for burns to his backside following Sunday’s Singapore Grand Prix in which he finished 10th for McLaren. In hot and humid conditions under floodlights at the south east Asian street circuit, he was one of many drivers to suffer from fatigue and dehydration – and in his case a burnt backside.
  • Palm oil’s share of global vegetable oil consumption looks set to climb in the months ahead as the top two producers engage in a tit-for-tat export tax tussle designed to boost sales. Barely a month after number two producer Malaysia cut export tariffs, top palm oil maker Indonesia is preparing a similar move to boost sales of the tropical oil used for cooking and in products ranging from candies to cosmetics. It might seem that Malaysia would then lose the competitive advantage it gained with its tax cut, which has pushed up shipments this month. But traders and analysts say there’s room for both countries to benefit at the expense of Argentina’s soybean oil and Ukraine’s sunflower oil.
  • CITIMAC Industrial Complex, a stone’s throw from Tai Seng MRT Station, has been launched for collective sale with a price tag of at least S$550 million. This has been billed as the largest freehold Business 1-White redevelopment site in Singapore to be put up for sale. Cushman & Wakefield is handling the collective sale through a tender that will close on Oct 30. A price of S$550 million translates to about S$1,347 per square foot of potential gross floor area inclusive of development charges payable to the state.
  • LCD Global Investments on late Monday morning topped the SGX’s list of most actively-traded stocks, with as many as 312.9 million stocks changing hands as at 11.56am. LCD’s shares opened at 29 Singapore cents on Monday, up one Singapore cent from Friday’s close, and immediately spiked to a high of 30 Singapore cents within the first five minutes of trading. They were trading at 29 Singapore cents as at 11.56am, up 3.57 per cent. In June, Aspial Corporation chief executive Koh Wee Seng continued to buy shares in the company at prices above the 17 Singapore cents-per share buyout offer from Lum Chang’s Raymond and David Lum, which at that time fuelled further market talk of a counter-bid.
  • Singapore’s former prime minister Lee Kuan Yew has been presented the Global Citizen Award by US think-tank Atlantic Council for his achievements as one of “history’s longest-serving and most successful leaders”, said the council’s website. Mr Lee became prime minister of Singapore in 1959, became senior minister in 1990 and minister mentor in 2004. He stepped down in 2011 The think-tank said: “He is widely regarded as the founding father of modern Singapore, shepherding his country through a difficult independence and transforming it into one of the freest, most-robust economies in Asia.”.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 36.000 TG 36.250, 36.550, 36.950 SL 35.700

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

22Sep

Comex Commodity Trading Signals and Market News – 22 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Monday with markets looking ahead to data signals on the U.S. economy and in China for the outlook on key industrial metal copper. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,215.80 a troy ounce, down 0.03%, after hitting on Friday a session low of $1,214.20 a troy ounce on Friday, a level not seen since Jan. 2. Prices recovered last week to settle at $1,216.60, down $10.30, or 0.84%, for the day. For the week, Comex gold prices lost $14.90, or 1.2%, the third consecutive weekly drop.Last week, the Federal Reserve cut its monthly bond-buying program by another $10 billion following its two-day policy meeting on September 17, keeping the program on track to finish next month. While the Fed reiterated that it expects rates to remain on hold for a “considerable time” after its quantitative easing program ends, it also projected a faster pace of rate hikes.

• U.S. natural gas futures ended Friday’s session lower, as investors monitored near-term weather forecasts to gauge the strength of demand for the fuel. On the New York Mercantile Exchange, natural gas for delivery in October shed 7.3 cents, or 1.87%, to settle at $3.837 per million British thermal units by close of trade on Friday.A day earlier, natural gas prices plunged 10.3 cents, or 2.57%, to end at $3.910.Futures were likely to find support at $3.786 per million British thermal units, the low from September 12 and resistance at $4.027, the high from September 18. On the week, Nymex natural gas prices lost 2.0 cents, or 0.51%. The U.S. Energy Information Administration said that natural gas storage in the U.S. rose by 90 billion cubic feet last week. Inventories rose by 48 billion cubic feet in the same week a year earlier, while the five-year average change is a build of 71 billion cubic feet.

• A stronger U.S. dollar coupled with concerns the world is awash in crude sent oil futures falling on Friday. A firmer greenback makes oil less attractive on dollar denominated exchanges, especially in the eyes of investors holding other currencies. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded down 0.43% at $91.58 a barrel during U.S. trading. New York-traded oil futures hit a session low of $91.16 a barrel and a high of $92.24 a barrel. The November contract settled down 1.31% at $91.98 a barrel on Thursday. Nymex oil futures were likely to find support at $89.76 a barrel, Monday’s low, and resistance at $94.12 a barrel, Tuesday’s high.Concerns that global oil supply is outstripping demand sent crude futures falling on Friday.

RECOMMENDATION :

  • BUY GOLD ABOVE 1218 TGT 1222,1227 SL 1213
  • SELL GOLD BELOW 1210 TGT 1206,1200 SL1215

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

22Sep
forex-trading3

IForex Market Trading Signals and News of 22 September 2014

TRADING TIPS :

  • Forex-Dollar broadly supported, hits fresh 6-year peak vs. yen .
  • Forex- Forex – Pound up on expectation Scotland to stay part of United Kingdom .
  • Forex-GBP/USD hits 2-1/2 week highs as Scotland rejects independence

EUR/USD
EUR/USD hit 1.2885 during European morning trade, the session low; the pair subsequently consolidated at 1.2884, sliding 0.30%The pair was likely to find support at 1.2833, Thursday’s low and a 14-month low and resistance at 1.2981, the high of September 17 The euro edged lower against the U.S. dollar on Friday, re- approaching a 14-month trough as the Federal Reserve’s latest policy statement continued to support the greenback The single currency came under some pressure on Thursday after the European Central Bank said it allotted €82.6 billion to 255 bidders in its new Targeted Long Term Refinancing Operation, or TLTRO. That was well below the €100 to €150 billion predicted by analysts..

GBP/USD
GBP/USD.hit 1.6525 during late Asian trade, the pair’s highest since September 2; the pair subsequently consolidated at 1.6449, gaining 0.32%Cable was likely to find support at 1.6327, the low of September 4 and 10- month low and resistance at 1.6615, the high of September 2. The pound strengthened as Scotland overwhelmingly rejected independence after a record turnout of voters delivered a clear victory for the No campaign on Thursday. The pound rose to two-and-a-half week highs against the U.S. dollar on Friday, as Scotland voted to remain in the U.K. after an independence referendum, while demand for the greenback still remained broadly supported. Uncertainty over what currency an independent Scotland would use, as well as concerns over how much of the U.K. national debt it would take on sparked a broad based selloff in sterling last week.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2860-TG:1.2880/1.2905 SL 1.2830
2. Sell EUR/USD Below 1.2825-TG:1.2805/1.2780 SL 1.2831

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

22Sep
sgx 22 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 22 September 2014

MARKET UPDATES :

  • SINGAPORE Exchange (SGX) is adding new Asian foreign exchange (FX) futures contracts to augment its suite of FX offerings which will be available for trading from Oct 20. The new contracts – Chinese yuan (USD/CNH and USD/CNY), Japanese yen (USD/JPY)and Thai Baht (THB/USD) – are in line with the G-20 recommendation to encourage trading of derivatives on exchanges or electronic platforms, said SGX in a statement. FX, as an asset class, is highly complementary to SGX’s equities and commodities franchise. The enhanced FX suite widens the window for even more investors to tap on the growth opportunities across major Asian markets and manage their currency.
  • SINGAPORE shares end 0.24 per cent higher on Friday.The Straits Times Index closed up 7.76 points at 3,305.05. Some 1.75 billion shares valued at S$1.2 billion changed hands. Gainers beat losers 266 to 198.
  • Singapore will be counting on its marquee Formula One race to help make up for a 30 per cent drop in Chinese tourists this year The three-day event, including the night street race, clocks more than S$100 million (US$80 million) in tourism receipts and opens a window on the country for a global television audience. Tourist arrivals dropped nearly 3 per cent in the first half of this year – the first such decline since the casinos opened in 2010.
  • The British pound rose sharply after the Scottish independence vote indicated Scotland would remain in the United Kingdom, while Wall Street’s overnight gains and Alibaba Group’s red-hot initial public offering underpinned Asian shares. The cheer was expected to spread to European bourses, where financial spreadbetters predicted Britain’s FTSE 100 would open up by 78-79 points, or 1.2 per cent; Germany’s DAX was seen opening 70-72 points, or 0.7 per cent higher; and France’s CAC 40 was expected to rise by 13-14 points, or 0.3 per cent.
  • LOYZ Energy said it was served a writ of summons by Advance Capital Partners Pte Ltd claiming that the firm had failed to repay a S$4 million loan. Having sought legal advice on the alleged claim, Loyz Energy said it was “without merit” and intends to “vigorously defend” itself. The writ of summons is not expected to have any material impact on the oil and gas exploration firm’s financial position for the current financial year ending June 30, 2015. Its shares fell 0.6 Singapore cent or 3 per cent to 19.3 Singapore cents in early morning trade on Friday.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 36.300 TG 36.500, 36.800, 37.200 SL 36.050

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

19Sep

IForex Market Trading Signals and News of 19 September 2014

TRADING TIPS :

  • Forex-Dollar rallies to 6-year highs vs. yen after Fed guidance.
  • Forex- Bitcoin rises from 4-month low on bargain buying.
  • Forex-Euro pares gains after ECB TLTRO falls short.

EUR/USD
EUR/USDwas last up 0.11% to 1.2870, off session highs 1.2907 and not far from the 14-month lows of 1.2833 struck overnight .The euro slipped after the ECB said it allotted €82.6 billion to 255 bidders in its new Targeted Long Term Refinancing Operation, or TLTRO. That was well below the €100 to €150 billion predicted by analysts.The pair was likely to find support at 1.2833 and resistance at 1.2945.A second operation will be held in December. The ECB is offering up to €400 billion of cheap liquidity under eight TLTRO operations in order to encourage lenders to offer credit to small businesses .

GBP/USD
GBP/USDrising 0.21% to 1.6309 as investors awaited the outcome of Scotland’s closely watched independence referendum sterling found support after data on Thursday showed that U.K. retail sales rose 0.4% in August in line with forecasts.The pound edges higher against the U.S. dollar on Thursday, after data showed that U.K. retail sales rose in line with expectations in August, while markets eyed the outcome of a highly anticipated vote on Scottish I independence.Year-on-year, retail sales rose at a 3.9% rate in August, below expectations for a 4.1% gain, after r rising at a rate of 2.5% in July.Core retail sales, which exclude automobile sales, increased by 0.2% last month, compared to forecasts for a 0.3% gain .

RECOMMENDATION :

1. Buy EUR/USD Above 1.2900-TG:1.2920/1.2950 SL 1.2875
2. Sell EUR/USD Below 1.2858-TG:1.2838/1.2808 SL 1.2888

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

19Sep

Comex Commodity Trading Signals and Market News – 19 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell on Thursday after investors digested the Federal Reserve’s Wednesday statement on interest rates and concluded that tighter monetary policy is drawing closer and usher in a strengthening trend for the dollar. Gold and the greenback tend to trade inversely with one another On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,227.00 a troy ounce during U.S. trading, down 0.72%, up from a session low of $1,216.60 and off a high of $1,228.50.The December contract settled down 0.06% at $1,235.90 on Tuesday.

Crude oil prices rebounded slightly in Asia on Friday even as storage woes for bulging crude supplies hang over the market as production outpaces demand for now. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $92.05 a barrel, up 0.08%, after hitting an overnight session low of $91.84 a barrel and a high of $93.59 a barrel. Brent oil fell 1.3% to $97.70 on ICE Futures Europe Thursday.

Natural gas prices dropped on Thursday after data showed that U.S. stockpiles surpassed the five-year average last week On the New York Mercantile Exchange, natural gas futures for delivery in October were down 1.76% at $3.943 per million British thermal units during U.S. trading. The commodity hit a session low of $3.905, and a high of $4.027.The October contract settled up 0.45% on Tuesday to end at $4.013 per million British thermal units. Natural gas futures were likely to find support at $3.786 per million British thermal units, last Friday’s low, and resistance at $4.078, the high from Sept. 2.The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended Sept. 12 rose by 90 billion cubic feet, broadly in line with market expectations.

Natural gas futures extended losses on Thursday, after data showed that U.S. natural gas supplies rose more than the five-year average last week. On the New York Mercantile Exchange, natural gas for delivery in October tumbled 7.4 cents, or 1.86%, to trade at $3.942 per million British thermal units during U.S. morning hours. Prices were at $3.980 prior to the release of the supply data. A day earlier, natural gas futures rose to $4.040, the most since September 2, before settling at $4.013, up 1.8 cents, or 0.45%.

RECOMMENDATION :

  • BUY GOLD ABOVE 1230 TGT 1234,1239 SL 1225
  • SELL GOLD BELOW 1223 TGT 1219,1214 sl1228

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

19Sep
sgx 19 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 19 September 2014

MARKET UPDATES :

  • SINGAPORE households earned an average of S$10,500 a month in 2012/2013, more than the S$8,110 they pulled in five years ago while their spending on goods and services also clicked higher to S$4,720 from S$3,810 over the same period.These findings were released by Singapore’s Department of Statistics’ report on household expenditure based on a survey conducted from October 2012 to September 2013.Average monthly household income from all sources rose 5.3 per cent a year in nominal terms between 2007/08 and 2012/13. Across all income groups, households saw their income grow; those in the lowest to middle income quintiles saw income increase by 6.1 to 6.6 per cent per annum and faster than the income growth of households in the top two quintiles.
  • FRASERS Centrepoint Ltd’s S$600 million debut perpetual issue, the largest perpetual deal this year has been snapped up, said DBS Bank on Thursday.The hot demand led to the NC-5 perpetual bonds being priced at 4.88 per cent, lower than the initial guidance of 5.00 per cenNC-5 means the bonds cannot be redeemed by the issuer until the fifth year, or Sept 24, 201 Orders were in excess of S$3.5 billion, said DBS.
  • SINGAPORE has become the only developed economy to make it onto the Milken Institute’s top 10 list of Asia’s Best- Performing Cities, coming in at eighth place.This index of 24 cities, the institute’s first, is based on economic measures such as the growth of jobs, incomes and high value-added industries such as manufacturing and financial services.”Singapore exhibits how to transition from a low-cost location to an open international economy based on human capital, research and innovation capacities,” the report said.Shenzhen took pole position in the index, followed by Guangzhou, Chengdu and Tianjin, which rounded out the top four. Delhi and Kuala Lumpur were fifth and sixth, respectively. Beijing came in seventh, while Ho Chi Minh City and Shanghai brought up the rear in their respective ninth and 10th spots.
  • THE average monthly household income in Singapore has gone up across the board, a new government survey has found. According to the latest Household Expenditure Survey (HES), the average monthly household income from all sources was S$10,500, up from S$8,110 in the previous survey five years ago. This is an increase of 5.3 per cent per annum in nominal terms and outpaced inflation, which averaged 3.1 per cent in 2013.This survey is done every five years by the Department of Statistics (DOS). For the latest report, field interviews were conducted with 8,575 Singaporean and permanent resident households from October 2012 to September 2013.
  • METAL Component Engineering (MCE) has signed a non-binding Memorandum of Understanding (MOU) with Hangzhou Honghua Digital Technology Stock Co Ltd (Atexco) to develop a new digital textile printer.The Catalist-listed company is hoping the MOU with Atexco, which designs and makes the Vega range of digital textile printers, as well as a range of carpet and graphic printers, will propel it to become a key player in the fast-changing digital textile printing industry.”This collaboration elevates MCE from a traditional precision engineering firm to a company capable of co-developing products and the assembly of highly complex electro-mechanical products,” Chua Kheng Choon, chairman and CEO of MCE, said.
  • Singapore eDevelopment (SeD) has raised S$40.6 million in net proceeds from a rights issue which drew a subscription of 94.85 per cent.Some 53 per cent or 7.8 billion rights shares and 6.2 billion of excess rights shares or 42 per cent were subscribed for under SeD’s 12-for-one rights issue and one bonus share for every rights share. The total of 14 billion rights shares represent 94.9 of total rights shares that were available for subscription.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 43.600 TG 43.900, 44.200, 44.600 SL 43.300

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

18Sep

Comex Commodity Trading Signals and Market News – 18 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell further in Asia on Thursday as prospects for a Federal Reserve hike in interest rates next year weighed on investors. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,218.00 a troy ounce, down 0.49%, after hitting an overnight session low of $1,228.40 and off a high of $1,239.90. The Federal Reserve said earlier it was leaving its benchmark interest rate unchanged at 0.00-0.25% and added it would likely close its monthly bond-buying program in October. The Fed decided earlier to trim that figure to $15 billion and will likely close it at its Oct. 28-29 meeting.

Oil prices dropped in U.S. trading on Wednesday after a bearish U.S. inventory report offset otherwise bullish news that the OPEC oil cartel is planning to trim output. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded down 1.06% at $92.82 a barrel during U.S. trading. New York-traded oil futures hit a session low of $92.77 a barrel and a high of $94.01 a barrel. The November contract settled up 1.98% at $93.81 a barrel on Tuesday. Nymex oil futures were likely to find support at $89.76 a barrel, Monday’s low, and resistance at $94.12 a barrel, Tuesday’s high.

Natural gas prices posted fresh gains on Wednesday after updated weather-forecasting models called for both warm and cool temperatures that should drive demand for both air conditioning and heating, respectively. futures for delivery in October were up 0.18% at $4.002 per million British thermal units during U.S. trading. The commodity hit a session low of $3.961, and a high of $4.040.The October contract settled up 1.63% on Tuesday to end at $3.Natural gas futures were likely to find support at $3.786 per million British thermal units, Friday’s low, and resistance at $4.078, the high from Sept. 2.

• West Texas Intermediate oil futures were lower on Wednesday, as investors awaited the release of weekly supply data out of the U.S. later in the session to gauge the strength of oil demand from the world’s largest consumer. A day earlier, U.S. oil prices rallied $1.82, or 1.98%, to end at a two-week peak of $93.81 a barrel. Prices traded in a range between $93.44 and $93.88. Futures were likely to find support at $89.76 a barrel, the low from September 15 and resistance at $94.99, the high from September 5. The report also showed that gasoline stockpiles decreased by 1.2 million barrels, while distillate stocks rose by 1.0 million barrels.

RECOMMENDATION :

  • BUY GOLD ABOVE 1228 TGT 1232,1237 SL 1223
  • SELL GOLD BELOW 1220 TGT 1216,1211 SL 1225

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

18Sep
forex-market-hours

IForex Market Trading Signals and News of 18 September 2014

TRADING TIPS :

  • Forex-Dollar holds steady close to 14-month peak ahead of Fed statement.
  • Forex- EUR/USD little changed after E.Z. inflation data .
  • Forex-GBP/USD edges higher but gains in check .

EUR/USD
EUR/USD dipped 0.05% to 1.2957, remaining supported above the 14-month low of 1.2858 reached early last week Eurostat said consumer price inflation rose 0.4% last month, up from a preliminary estimate of 0.3%. Euro zone I Inflation rose by 0.4% in July. The rate remains firmly below the European Central Bank’s target of near but just below 2%Month-over-month, consumer prices inched up 0.1% last month, in line with forecasts and following a 0.7% decline in July Core CPI, which excludes food, energy, alcohol, and tobacco costs rose 0.9% in August, meeting forecasts and unchanged from an initial estimate.

GBP/USD
GBP/USD hit 1.6337 during European morning trade, the pair’s highest since September 5; the pair subsequently consolidated at 1.6290, adding 0.10%Cable was likely to find support at 1.6160, Tuesday’s low and resistance at 1.6465, the high of September 4..In a report, the U.K. Office for National Statistics said that the claimant count fell by 37,200 last month, compared to expectations for a decline of 30,000 people. July’s figure was revised to a drop of 37,400 people from a previously reported decline of 33,600The report also showed that the rate of unemployment declined to 6.2% in the three months to July, the lowest level since December 2008, compared to expectations for a reading of 6.3% and down from 6.4% in the three months to June.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2960-TG:1.2980/1.3010SL 1.2930
2. Sell EUR/USD Below 1.2950-TG:1.2930/1.2900 SL 1.2980

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

17Sep
sgx 18 sep 2014

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

MARKET UPDATES :

  • THE Singapore Exchange (SGX) is seeking public feedback on proposals to implement a 20 Singapore-cent minimum trading price hurdle for Mainboard companies, and to give the exchange and new independent committees greater disciplinary powers Companies on the Watch List because their shares are below the minimum share price can either consolidate their shares, move to the Catalist board or seek a reverse takeover. The Watch List for Mainboard -listed companies that report three straight years of losses and have market capitalisation of below S$40 million will remain, although SGX is tweaking some aspects of that to make it more consistent with the minimum share price rules.
  • DEAL-MAKING activity moderated in the third quarter in Singapore from the relentless pace seen in the first two quarters of the year .The Republic saw mergers and acquisitions (M&A) deals of US$7.7 billion in the third quarter, down from US$29.4 billion in the first quarter and US$24.7 billion in the second, latest data from Thomson Reuters revealed. the total value of deals involving Singaporean companies for the past nine months stood at US$61.7 billion, surpassing the total volume last year of US$41.8 million.
  • THE HSBC Trade Confidence Index (TCI) in Singapore decreased slightly from six months ago, dropping five points to 110.Still, it remained above the neutral mark of 100 – indicating further growth in trade flows over the next six months.HSBC said that looking ahead, growth within the export sector is likely to be uneven, as “a number of manufacturing sub-sectors are suffering from a loss of competitiveness”.
  • UNITED Overseas Bank (China) on Wednesday said it plans to maintain its double-digit growth – on an annual compounded basis – over the next five years .This comes as it plans to strengthen its cross-border financing offerings as regional businesses link up with China .Over the last 12 months, UOB has increased its branch network by 30 per cent to 16 branches and sub- branches, it said .This includes opening its Shanghai (Pilot) Free Trade Zone (FTZ) sub-branch in June 2014.
  • THE number of billionaires in Singapore rose 18 per cent to 32 individuals, but their wealth rose by a relatively modest amount .The latest Wealth-X and UBS Billionaire Census finds that Singapore billionaire’s wealth rose just 1.6 per cent to US$65 billion. This is partly due to their exposure to Asian equity markets which have underperformed, and Singapore’s real estate market which has been on a downtrend .The average net worth of a Singapore billionaire is US$2 billion, and the average age is 62.Globally, 155 new billionaires were minted this year, representing a 7 per cent rise in the billionaire population to 2,325 individuals. Their combined wealth rose 12 per cent to US$7.3 trillion.
  • TRIYARDS will be placing up to 29.5 million new shares at 70 Singapore cents each to raise S$19.96 million in net proceeds, the group announced on Wednesday .The company said that it intends to use up to 90 per cent of the proceeds to fund its business expansion, including but not limited to capital expenditure, expansion of markets in relation to the group’s existing business, its product range and acquisitions .The balance will be used for general corporate purposes and working capital .The company had decided at its AGM last December to allot and issue new shares of up to 20 per cent of the company’s issued share capital.
  • SINGAPORE shares rebounded on Wednesday following a firmer Wall Street and hopes that the US Federal Reserve will adhere to its dovish stance .The Fed, which will conclude a two-day policy meeting on Thursday (Singapore time), has held the rate close to zero for more than five years, and stocks have surged against that backdrop .Higher interest rates mean that companies and consumers have to pay more to borrow, leaving them with lower profits and less money to spend.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.460 TG 2.500, 2.550, 2.620 SL 2.400

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

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