The daily report summarizes the performance of the Straits Times Index (STI) on February 24th. The STI opened at 3,103.30 points and fluctuated within a range of 3,096.54 to 3,109.80 points for the day. The top gainers were led by Jardine Cycle & Carriage Ltd with a gain of 3.82%. Noble Group Ltd suffered the largest loss of 3.90%. The report also provides an acquisition announcement by Ascott Residence Trust and earnings reports from BBR Holdings and Noble Group. It includes a stock recommendation to buy Jardine Cycle above 38.700 with target prices up to 40.000.
EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 01 2015
Daily sgx-report-24-feb
1. DAILY REPORT
24th FEBRUARY
Straits Times Index (STI)
Snapshot for Straits Times Index STI (FSSTI)
Open
3,103.30
evious Close
3,086.64
Day Range
3,096.54 – 3,109.80
Year-to- Date
-2.02%
1-Year
-2.92%
52-Week Range
2953.01-3464.79
TOP GAINERS & LOSERS
TOP GAINERS
4.50%
TOP GAINER
4.00%
% Change
3.50%
Jardine Cycle & Carr...
+3.82%
3.00%
Olam International L...
+3.22%
2.50%
Jardine Matheson Hol...
+1.93%
Jardine Strategic Ho...
+1.59%
1.00%
CapitaMall Trust
+1.35%
0.50%
Sembcorp Marine Ltd
+0.99%
United Overseas Bank...
+0.97%
Singapore Exchange L...
+0.87%
Singapore Technologi...
+0.80%
Singapore Press Hold...
TOP LOSER
+0.75%
% Change
2.00%
1.50%
0.00%
JCNC
OLA
M
JM
JS
CMT SMM UOB
SGX
STE
SPH
% Change 3.82% 3.22% 1.93% 1.59% 1.35% 0.99% 0.97% 0.87% 0.80% 0.75%
TOP LOOSERS
0.50%
Noble Group Ltd
-3.90%
-0.50%
Genting Singapore PL...
-2.86%
-1.00%
Global Logistic Prop...
-2.45%
-2.00%
ComfortDelGro Corp L...
-0.26%
-2.50%
Singapore Airlines L...
-0.10%
0.00%
-1.50%
-3.00%
Thai Beverage PCL
-4.50%
NOBL GENS
GLP
CD
SIA
THBE
V
HKL HPHT GGR
SCI
%Change -3.90 -2.86 -2.45 -0.26 -0.10 0.00% 0.00% 0.00% 0.00% 0.18%
YOUR MINTVISORY
0.00%
Hutchison Port Holdi...
0.00%
Golden Agri-Resource...
0.00%
Sembcorp Industries ...
-4.00%
0.00%
Hongkong Land Holdin...
-3.50%
+0.18%
Page 1
2. DAILY REPORT
24th FEBRUARY
MARKET UPDATES & STOCK RECOMMENDATION
ASCOTT Residence Trust has entered into a
conditional agreement with Winner Sight Investments
Ltd to acquire its first serviced residence in Dalian for
571 million yuan (S$118.6 mn). On a pro forma basis,
the accretive acquisition is expected to increase its
FY2013 distribution per unit by 1.5 per cent from 8.40
Singapore cents to 8.53 Singapore cents. Earnings per
unit are also expected to rise after acquisition to 16.3
Singapore cents from 16.2 Singapore cents previously.
JARDINE CYCLE
HIGHER revenue recognized from construction and
engineering projects caused construction group BBR
Holdings to post a net profit of S$21.8 mn for its
financial year ended Dec 31, 2013, 68 per cent higher
than a year ago. Revenue was up 55% to S$426.3 mn.
NOBLE Group's 2013 earnings tumbled 48 per cent to
US$243 million, as losses on supply chain assets and
from associates spiked.
Net profit attributable to shareholders fell to
US$243.5 million, from US$471.3 million a year ago.
This translates to earnings of 3.4 US cents per share,
compared with 7.06 US cents before.
BUY JARDINE CYCLE ABOVE 38.700 TG 39.000, 39.400,
40.000 SL 38.390
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
YOUR MINTVISORY
Visit us @ www.epicresearch.sg
Page 2