Daily sgx-report by epic research singapore 26 dec 2013
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Epic Research is a leading global financial services provider. Headquartered in Indore, India, Epic has offices and representatives in U.S.A., Singapore, Australia and Middle East. With its full fledged research operations, Epic Research has proven itself as Investment Advisory Company that produces and delivers high accuracy tips and recommendations for the Singapore market .We Provide Services In :SGX Equities,SGX Derivatives - Futures and Options,Global Commodities – Bullion, Energy and Agri,Global Forex – Major currency pairs
![DAILY REPORT
26th DECEMBER
MARKET UPDATES & STOCK RECOMMENDATION
The Straits Times Index (SGX: ^STI) has moved up 0.4%
to 3,127 points and extended its Christmas cheer
from yesterday’s 0.7% gain. Out of the index’s 30
constituents, there were 23 shares that managed to
end the day with gains while five others weren’t so
fortunate and clocked some losses.
CITY DEVELOPMENT LTD.
GP Batteries (SGX: G08) dropped 11% to S$0.685. The
battery manufacturer had announced a proposal
yesterday to issue 54.94m renounceable nonunderwritten rights at an issue price of S$0.486 for
each rights share. The company has 109.87m shares
outstanding as of 23 Dec 2013 and the rights-issue is
done on the basis of one rights share for every
outstanding share. Assuming 54.94m rights shares are
issued, the proceeds from the exercise is estimated to
be around S$26m.
GP Batteries is of the opinion that the rights issue “will
enable [it] to strengthen its financial position and
enhance its capital base. It will also facilitate [its]
investment in automation, brand building and
distribution network in the near term.”
BUY CITY DEVELOPMENTS LTD ABOVE 9.640 TG
9.710, 9.800, 9.900 SL 9.540
50-80% of the proceeds from the rights issue have
been earmarked for repayment of bank borrowings,
Disclaimer
while 20-50% would be used for general working
Thecapital. GP Batteries’ report, our website & all the service having are believed to be reliable, but we do not accept any responsibility (or liability) for errors
information and views in this latest financials shows it we provide
of fact or opinion. worth ofthe right to be repaid by Sep 2014. them the most.
S$171.5m Users have debt to choose the product/s that suits
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
YOUR MINTVISORY
Visit us @ www.epicresearch.sg
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Daily sgx-report by epic research singapore 26 dec 2013
- 1. DAILY REPORT 26th DECEMBER Snapshot for Straits Times Index STI (FSSTI) Open 3,124.47 Previous Close 3,116.22 Day Range 3,115.41 – 3,131.80 Year-to- Date +1.90% 1-Year +1.86% 52-Week Range Straits Times Index (STI) 2,990.68 - 3,464.79 TOP GAINERS & LOSERS TOP GAINERS 2.00% TOP GAINER 1.80% 1.60% % Change CapitaMalls Asia Ltd +1.82% Keppel Corp Ltd +1.46% 1.00% CapitaLand Ltd +1.34% 0.80% Singapore Exchange L... +1.12% CapitaMall Trust +1.06% City Developments Lt... +1.05% Thai Beverage PCL +0.98% Noble Group Ltd +0.97% Golden Agri-Resource... +0.93% 1.40% 1.20% 0.60% 0.40% 0.20% 0.00% CMA KEP CAPL SGX CM CT THBE NOBL GGR V SIE % Change 1.82% 1.46% 1.34% 1.12% 1.06% 1.05% 0.98% 0.97% 0.93% 0.81% SIA Engineering Co L... TOP LOSER TOP LOOSERS 25.00% +0.81% % Change Hongkong Land Holdin... -1.02% Jardine Matheson Hol... -1.00% 15.00% Genting Singapore PL... -0.34% 10.00% Sembcorp Industries ... -0.18% 5.00% DBS Group Holdings L... -0.06% Singapore Press Hold... 0.00% Hutchison Port Holdi... 0.00% Jardine Strategic Ho... +0.03% Jardine Cycle & Carr... +0.14% 20.00% 0.00% -5.00% HKL JM GEN S SCI DBS SPH HPH T %Change -1.0 -1.0 -0.3 -0.1 -0.0 0.00 0.00 0.03 0.14 0.19 JS JCNC UOB United Overseas Bank... YOUR MINTVISORY +0.19 Page 1
- 2. DAILY REPORT 26th DECEMBER MARKET UPDATES & STOCK RECOMMENDATION The Straits Times Index (SGX: ^STI) has moved up 0.4% to 3,127 points and extended its Christmas cheer from yesterday’s 0.7% gain. Out of the index’s 30 constituents, there were 23 shares that managed to end the day with gains while five others weren’t so fortunate and clocked some losses. CITY DEVELOPMENT LTD. GP Batteries (SGX: G08) dropped 11% to S$0.685. The battery manufacturer had announced a proposal yesterday to issue 54.94m renounceable nonunderwritten rights at an issue price of S$0.486 for each rights share. The company has 109.87m shares outstanding as of 23 Dec 2013 and the rights-issue is done on the basis of one rights share for every outstanding share. Assuming 54.94m rights shares are issued, the proceeds from the exercise is estimated to be around S$26m. GP Batteries is of the opinion that the rights issue “will enable [it] to strengthen its financial position and enhance its capital base. It will also facilitate [its] investment in automation, brand building and distribution network in the near term.” BUY CITY DEVELOPMENTS LTD ABOVE 9.640 TG 9.710, 9.800, 9.900 SL 9.540 50-80% of the proceeds from the rights issue have been earmarked for repayment of bank borrowings, Disclaimer while 20-50% would be used for general working Thecapital. GP Batteries’ report, our website & all the service having are believed to be reliable, but we do not accept any responsibility (or liability) for errors information and views in this latest financials shows it we provide of fact or opinion. worth ofthe right to be repaid by Sep 2014. them the most. S$171.5m Users have debt to choose the product/s that suits 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 YOUR MINTVISORY Visit us @ www.epicresearch.sg Page 2