The daily report summarizes the performance of the Straits Times Index and provides the top gainers and losers from the index. It also includes an economic update on Singapore GDP growth of 3.8% year-over-year driven by the construction and services sectors. Additionally, it provides a market update on banks managing OUE Commercial REIT's IPO and CapitaMalls Asia acquiring a new shopping mall in Guangzhou, China. Finally, it includes a stock recommendation to sell Hong Kong Land below $6.05 with target prices and a stop loss limit.

1. DAILY REPORT
22nd NOVEMBER
Snapshot for Straits Times Index STI (FSSTI)
Open
3,175.70
Previous Close
3,184.23
Year To Date
+3.08%
1-Year
+10.60%
Day Range
3,158.40 - 3,176.76
52-Week Range
Straits Times Index (STI)
2,953.89 - 3,464.79
TOP GAINERS & LOSERS
TOP GAINERS
TOP GAINER
1.50%
Thai Beverage PCL
0.00%
+0.54%
Oversea-Chinese Bank...
0.50%
+1.00%
Singapore Telecommun...
1.00%
+0.10%
Global Logistic Prop...
THB
OCB
NO
CA
ST
GLP
KEP DBS
EV
C
BL
M
%Change 1.0
0.5
0.1
0.0
0.0
0.0
0.0
-0.
GG
WIL
R
-0.
-1.
0.00%
Keppel Corp Ltd
-1.00%
0.00%
Noble Group Ltd
-0.50%
-1.50%
% Change
0.00%
DBS Group Holdings L...
0.00%
CapitaMalls Asia Ltd
-0.50%
Golden Agri-Resource...
-0.85%
Wilmar International...
TOP LOSER
-1.14%
% Change
-0.50%
Hutchison Port Holdi...
-4.23%
-1.00%
Genting Singapore PL...
-1.72%
-1.50%
SIA Engineering Co L...
-1.21%
StarHub Ltd
-1.15%
-3.00%
Sembcorp Industries ...
-0.93%
-3.50%
Sembcorp Marine Ltd
-0.90%
-4.00%
Jardine Matheson Hol...
-0.86%
Jardine Strategic Ho...
-0.76%
CapitaMall Trust
-0.51%
CapitaLand Ltd
-0.33%
TOP LOSERS
0.00%
-2.00%
-2.50%
-4.50%
HPH GEN
SIE
T
S
STH
SCI
SM
M
JM
JS
CT
CAP
L
% Change -4.2 -1.7 -1.2 -1.1 -0.9 -0.9 -0.8 -0.7 -0.5 -0.3
YOUR MINTVISORY
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2. DAILY REPORT
22nd NOVEMBER
MARKET UPDATES & STOCK RECOMMENDATION
Singapore GDP growth pegged at 3.8%. Construction grew
by 5.3% YoY, also higher than the advance estimate of
3.6%. A healthy pipeline of projects will continue to
underpin growth momentum in this sector despite
problem of margin compression, mainly due to higher
operating costs. Most importantly, key services sector also
put up a stronger showing. It recorded growth of 6.3% YoY
in the quarter, as compared to the advance estimate of
5.7%. Strong improvement in regional growth outlook has
drove expansion in the trade related, tourism and
financial services sectors. Expect the growth momentum
in this sector to pick up in the coming quarters against the
backdrop of the stronger external growth outlook.
HONGKONG LAND
CIMB, Oversea-Chinese Banking Corp and Standard
Chartered Plc were hired to manage OUE Commercial
REIT's initial public offering of about S$600 million ($482.4
million), IFR reported on Wednesday. Other banks will
likely be added to the group handling the IPO, set to take
place early in 2014, said IFR, a Thomson Reuters
publication.
CapitaMalls Asia Ltd is acquiring a new shopping mall in
Guangzhou, China – its first in the city. The acquisition is
subject to the approval of the Chinese government.
SELL HONGKONG LAND BELOW 6.050 TG 6.000, 5.940,
5.860 SL 6.120
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