Job advertising in Singapore declined 21.8% year-over-year in Q2 2013 due to the strengthening dollar, rising cost of living, and companies moving to more cost effective locations. However, retail and sales positions increased 9.1%, reflecting continued growth in consumer spending. While investment banking faces cost challenges, other sectors are growing in Singapore. Overall job advertising numbers were similar to declines seen in 2011 compared to the previous quarter.

1. DAILY REPORT
29th August
Y O U R M I N T V I S O R Y Page 1
Asia Job Index for Q2 2013, general job advertising
numbers fell 21.8% with a year on year comparison as
Singapore’s position as an Asian hub continues to change.
In contrast, job advertising numbers grew by 5.6% on the
previous quarter, during what is traditionally a busier
quarter than Q1.
The fall is due to the strengthening dollar, increasing cost
of living and the rising number of companies re-hubbing
to a more cost-effective locations – resulting in a decline
in advertising volumes.
However, there were marginal changes in open positions
for mid to senior-level professionals from Q2 2012. Job
adverts for positions within retail and sales were up 9.1%,
reflecting a resilient consumer market where new
positions continue to emerge.
Whilst the investment banking sector in Singapore is
seeing some cost challenges, other sectors are growing
and we have been working with a number of companies
who are setting up in Singapore.
The Asia Job Index figures, which include job advertising
across all levels of seniority, are similar to what we
experienced in 2011 with a decrease in comparison to Q2
2012.
TOP GAINERS & LOSERS
TOP GAINER % Change
Singapore Technologi... +0.78%
Wilmar International... +0.32%
Oversea-Chinese Bank... +0.10%
StarHub Ltd 0.00%
Keppel Corp Ltd -0.19%
United Overseas Bank... -0.20%
Singapore Press Hold... -0.25%
Jardine Strategic Ho... -0.34%
Jardine Matheson Hol... -0.40%
DBS Group Holdings L... -0.56%
TOP LOSER % Change
Thai Beverage PCL -5.49%
Hongkong Land Holdin... -2.67%
CapitaLand Ltd -2.33%
Global Logistic Prop... -2.21%
City Developments Lt... -2.10%
Sembcorp Industries ... -2.02%
SIA Engineering Co L... -1.85%
Genting Singapore PL... -1.50%
SembCorp Marine Ltd -1.18%
Golden Agri-Resource... -0.89%
Snapshot for Straits Times Index STI (FSSTI)
Open 3,007.94
Previous Close 3,04.02
Year To Date -2.32
1-Year +2.33
Day Range 2990.68- 3,012.34
52-Week Range 2,931.60- 3,464.79
Straits Times Index (STI)

2. DAILY REPORT
29th August
Y O U R M I N T V I S O R Y Page 2
STOCK RECOMMENDATION
BUY DBS GROUP HOLDING ABOVE 15.900 TG 15.980, 16.080, 16.200 SL 15.800
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