24Sep
sgx 24 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 24 September 2014

MARKET UPDATES :

  • SINGAPORE shares end 0.05 per cent higher on Tuesday. The Straits Times Index closed up 1.52 points at 3,298.09. Some 1.38 billion shares valued at S$931.9 million changed hands. Losers beat gainers 186 to 246.
  • CONSUMER price inflation eased more than expected to 0.9 per cent in August from 1.2 per cent in July, again because of lower private road transport costs. The median forecast of 20 economists polled by Bloomberg before the Department of Statistics released the data on Tuesday was for a 1.1 per cent year-on-year rise in the consumer price index (CPI) Private road transport costs fell by 2.9 per cent, largely due to lower certificate of entitlement (COE) premiums in the month before. This followed July’s drop of 1.6 per cent.
  • Singapore billionaire businessman Peter Lim, who once courted Liverpool, is set to take a 50 per cent stake in Salford City FC. Papers have been submitted to the Football Association to formalise the acquisition of the shares of the club owned by the five former Manchester United players known as the ‘Class of ‘92’. Gary and Phil Neville, Ryan Giggs, Paul Scholes and Nicky Butt will each retain a 10 per cent stake in the Evo-Stik Division One North clubLim has long been linked with owning an English club and in 2010 withdrew a bid to buy Liverpool.
  • The International Atomic Energy Agency’s (IAEA) Convention on the Physical Protection of Nuclear Material (CPPNM) and the instrument of acceptance to its 2005 AmendmentSingapore will become a party to the CPPNM 30 days after the instrument of accession is deposited with the IAEA, said the Ministry of the Environment and Water Resources (MEWR) in a statement. According to IAEA, the amended Convention makes it legally binding for states to protect nuclear facilities and material in peaceful domestic use, storage and transport. It also provides for expanded cooperation among states on rapid measures to locate and recover stolen or smuggled nuclear material, mitigate any radiological consequences of sabotage, and prevent and combat related offences.
  • SINGAPORE Airlines (SIA) and Air New Zealand’s strategic alliance will take off from Jan 6 next year, which will add capacity between the two countries as well as offer passengers codeshare connectivity to both carriers’ networks. Under the alliance, which was first announced at the beginning of this year, the two Star Alliance carriers will operate one return service daily between Singapore and Auckland, while SIA will operate a daily return service between Singapore and Christchurch. n addition, passengers will gain access to 40 destinations in Air NZ’s network via codeshare flights, while Air NZ will codeshare on 50 other destinations in SIA and SilkAir’s network.
  • CIMB Research has raised its recommendation and target price for Far East Hospitality Trust (FEHT), after the trust announced its joint venture with Far East Organization Centre to develop a new S$443.8 million hotel in Sentosa, Singapore. Given that FEHT’s contribution to the proposed JV will be fully funded via debt, we view it positively as no equity dilution is expected consequently,” said CIMB, which upgraded the stock to “hold” from “reduce”. It also upped the target price to S$0.83 from S$0.80. Shares of FEHT gained on Tuesday, trading at S$0.815, up half a cent.
  • A SURVEY commissioned by Principal Global Investors on Tuesday showed investors are becoming more cautious, and are looking to mitigate unrewarded risk. The survey showed retail investors are accepting lower yield, while high net worth individuals have shifted from a blanket focus on alpha – a common measure of performance that takes risk adjustments into account – to focus on risk mitigation, the survey said. The emphasis on real estate investment is particularly stark for the latter group: investor interest shot to 61 per cent this year, up from 37 per cent in 2012. Principal Global Investors is the institutional asset management arm of the Principal Financial Group. It managed US$328.2 billion of assets as at June 30, 2014.

STOCK RECOMMENDATION :

  • BUY DBS GROUP HOLDING ABOVE 18.390 TG 18.520, 18.650, 18.800 SL 18.250

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

23Sep

Comex Commodity Trading Signals and Market News – 23 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices were higher to steady in early Asia on Tuesday with the focus on HSBC’s China flash PMI figures for September. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,216.90 a troy ounce, up 0.08%, after hitting an overnight session low of $1,208.90 and off a high of $1,221.00. In China, the flash HSBC manufacturing PMI is due for September with a reading of a borderline between expansion and contraction of 50 expected, down from last month’s final of 50.2, a three-month low .Overnight, gold futures posted modest gains on Monday after disappointing U.S. housing data .The National Association of Realtors reported that existing home sales unexpectedly fell 1.8% to an annual unit rate of 5.05 million in August. Analysts had expected existing home sales to rise 1% to 5.20 million units,

Natural gas prices posted slight gains on Monday after updated weather forecasting models called for warming temperatures in the southern U.S., which should prompt thermal power plants to burn more of the commodity to meet demand for air conditioning. Still, futures dipped into negative territory at times due to uncertainty as how mild temperatures elsewhere may cut into demand for both heating and air conditioning .On the New York Mercantile Exchange, natural gas futures for delivery in November were up 0.28% at $3.914 per million British thermal units during U.S. trading. The commodity hit a session low of $3.865, and a high of $3.939.

• Disappointing U.S. housing data coupled with ongoing concerns that the global economy is awash in crude while demand remains soft sent oil futures falling on Monday. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded down 1.06% at $90.68 a barrel during U.S. trading. New York-traded oil futures hit a session low of $90.426 a barrel and a high of $91.92 a barrel. The November contract settled down 0.36% at $91.65 a barrel on Friday.

Crude oil futures were lower on Monday, as concerns about weak demand and ample global supplies continued to weigh. On the New York Mercantile Exchange, crude oil for delivery in November hit a session low of $91.11 a barrel, the weakest level since September 15. Prices recovered to last trade at $91.32 during European morning hours, down 34 cents, or 0.37%.

RECOMMENDATION :

  • BUY GOLD ABOVE 1220 TGT 1224,1229 SL 1215
  • SELL GOLD BELOW 1212 TGT 1208,1203 SL 1217

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

23Sep
forex-trading3

IForex Market Trading Signals and News of 23 September 2014

TRADING TIPS :

  • Forex-Dollar eases off highs but remains broadly supported .
  • Forex- Bitcoin trades near 5-month low as regulation concerns weigh.
  • Forex-EUR/USD off 14-month lows but remains under pressure.

EUR/USD
EUR/USD hit 1.2868 during European morning trade, the session high; the pair subsequently consolidated at 1.2855, adding 0.19%The pair was likely to find support at 1.2826, the low of September 19 and resistance at 1.2929, the high of September 19.The euro edged up against the U.S. dollar on Monday, easing off a 14-month low but gains were expected to be capped as growing expectations for an early U.S. rate hike continued to support the greenback.The euro has remained under broad selling pressure since the European Central Bank unexpectedly cut rates to record lows across the euro zone earlier this month, and implemented fresh measures in an attempt to shore up inflation in the currency bloc.

GBP/USD
GBP/USD hit 1.6366 during European morning trade, the session high; the pair subsequently consolidated at 1.6331, rising 0.28%.Cable was likely to find support at 1.6244, the low of September 18 and resistance at 1.6408, t the high of September 18.The pound rose to two-week highs against the greenback on Friday after voters in Scotland chose to stay in the U.K. by a significant margin in a independence referendum, defying opinion polls which had indicated that the final result would be too close to call.The pound edged higher against the U.S. dollar on Monday, but gains were expected to remain limited as demand for the greenback remained supported by expectations for an early rate hike by the Federal Reserve.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2854-TG:1.2874/1.2904 SL 1.2834
2. Sell EUR/USD Below 1.2838-TG:1.2818/1.2788 SL 1.2868

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

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.

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