Sgx report 04 september 2013

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Sgx report 04 september 2013

  1. 1. DAILY REPORT 04th SEPTEMBER Y O U R M I N T V I S O R Y Page 1 After a fairly strong 0.9% recovery yesterday and with its 2-year uptrend support holding firm, the STI is now likely to head further north and test the 3070 key support- turned-resistance next. Meanwhile, with the MACD seemingly forming a bottom and the RSI already climbing out of its oversold region, this suggests an improving upside momentum. Beyond the 3070 obstacle, we see the next hurdle at the 3130 minor support-turned-resistance. On the downside, 3000 is still the immediate key support, with the subsequent base pegged at the 2930 key trough noodle makers, has launched a takeover offer for China Minzhong that values the food producer at S$734 million ($575 million just days after an attack by a short-seller eroded almost half of the Chinese firm's market value. Singapore-listed Vard Holdings said it has secured acontract for the design and construction of one platform supply vessel for Carlotta Offshore Ltd. The value of the contract was not disclosed. Singapore-listed water treatment firm United Envirotech said it has issued S$50 million fixed rate notes due in 2016 carrying 7.25 percent. According to OCBC, Q2 GDP growth was revised up from the flash estimate from 3.7% yoy (+15.2% qoq saar) to 3.8% yoy (+15.5% qoq saar), as services growth was also notched higher (5.5% yoy). MTI upgraded its 2013 growth forecast from 1-3% to 2.5-3.5% yoy (OCBC forecast: 2.5%), citing that macroeconomic conditions are expected to pick up gradually in H2. TOP GAINERS & LOSERS TOP GAINER % Change CapitaMalls Asia Ltd +3.08% Hongkong Land Holdin... +2.33% Global Logistic Prop... +2.18% Golden Agri-Resource... +1.79% Singapore Press Hold... +1.53% Thai Beverage PCL +1.05% Singapore Exchange L... +0.83% Genting Singapore PL... +0.75% Singapore Technologi... +0.25% SIA Engineering Co L... +0.21% TOP LOSER % Change Noble Group Ltd -2.41% StarHub Ltd -1.68% Wilmar International... -1.59% Jardine Strategic Ho... -1.43% Jardine Cycle & Carr... -1.37% Hutchison Port Holdi... -1.36% Olam International L... -1.02% Singapore Airlines L... -0.84% ComfortDelGro Corp L... -0.82% City Developments Lt... -0.80% Snapshot for Straits Times Index STI (FSSTI) Open 3,050.12 Previous Close 3,055.72 Year To Date -0.89% 1-Year +4.51% Day Range 3,049.33-3,062.79 52-Week Range 2,931.60- 3,464.79 Straits Times Index (STI)
  2. 2. DAILY REPORT 04th SEPTEMBER Y O U R M I N T V I S O R Y Page 2 STOCK RECOMMENDATION BUY JARDINE CYCLE AND CARRIAGE ABOVE 34.000 TG 34.200, 34.450, 34.800 SL 33.750 Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. Give us a missed call at +6531581402 Visit us @ www.epicresearch.sg

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