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DAILY REPORT 
28th NOVEMBER 2014 
Y O U R M I N T V I S O R Y 
Page 1 
DAILY SGX REPORT 
EPIC RESEARCH INDIA 
411 Milinda Manor (Suites 409 – 417) 2 RNT Marg Opp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 / 2228 
HNI & NRI SALES CONTACT 
2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 231
DAILY REPORT 
28th NOVEMBER 2014 
Y O U R M I N T V I S O R Y 
Page 2 
TOP GAINERS & LOSERS TOP GAINER % Change Jardine Strategic Ho... +2.52% 
Jardine Cycle & Carr... 
+1.79% Jardine Matheson Hol... +1.47% 
Olam International L... 
+0.95% Singapore Airlines L... +0.29% 
Oversea-Chinese Bank... 
+0.10% Sembcorp Marine Ltd 0.00% 
Singapore Exchange L... 
0.00% DBS Group Holdings L... -0.25% 
United Overseas Bank... 
-0.29% TOP LOSER % Change 
Thai Beverage PCL -4.38% 
Noble Group Ltd 
-1.61% ComfortDelGro Corp L... -1.54% 
Global Logistic Prop... 
-1.12% Hongkong Land Holdin... -0.86% 
Sembcorp Industries ... 
-0.86% Ascendas Real Estate... -0.86% 
CapitaMall Trust 
-0.75% StarHub Ltd -0.48% 
Golden Agri-Resource... 
0.00% Hutchison Port Holdi... -0.70% 
Olam International L... 
-1.23% ComfortDelGro Corp L... -1.21% 
Singapore Press Hold... 
-0.94% Straits Times Index (STI) 
JS 
JCNC 
JM 
OLAM 
SAI 
OCBC 
SMM 
SGX 
DBS 
UOB 
% Change 
2.52% 
1.79% 
1.47% 
0.95% 
0.29% 
0.10% 
0.00% 
0.00% 
-0.25 
-0.29 
-0.50% 
0.00% 
0.50% 
1.00% 
1.50% 
2.00% 
2.50% 
3.00% 
TOP GAINERS 
THBEV 
NOBL 
CD 
GLP 
HKL 
SCI 
AREIT 
CT 
STH 
GGR 
%Change 
-4.38 
-1.61 
-1.54 
-1.12 
-0.86 
-0.86 
-0.86 
-0.75 
-0.48 
0.00% 
-5.00% 
-4.50% 
-4.00% 
-3.50% 
-3.00% 
-2.50% 
-2.00% 
-1.50% 
-1.00% 
-0.50% 
0.00% 
TOP LOOSERSSnapshot for Straits Times Index STI (FSSTI) Open 3,348.64 Previous Close 3,349.66 Day Range 3,340.96-3,355.62 Year-to- Date +8.52% 1-Year +8.63% 52-Week Range 2,953.01-3,387.84
DAILY REPORT 
28th NOVEMBER 2014 
Y O U R M I N T V I S O R Y 
Page 3 
SINGAPORE'S financial markets have remained stable through 2014, but banks will have to be watchful of liquidity and credit risks, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank's Macroeconomic Surveillance Department, Singapore's banking system is sound and remains resilient to external shocks. Asset quality is healthy. The local banks' capital adequacy positions are well above regulatory requirements, and their liquidity positions are sound. NET capital flows to Asia have turned negative, partially reversing the net inflows since 2010, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank's Macroeconomic Surveillance Department, several Asian economies have received substantial financial flows in the past few years as Asian sovereigns and corporates benefited from historically low risk premiums and global volatility. THE balance sheets of Singapore property firms remain healthy despite the moderation in residential property prices and transactions, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank's Macroeconomic Surveillance Department, median return on assets for property firms, excluding S-Reits, fell from 5.5 per cent in the second quarter of 2013 to 3.9 per cent in Q2 2014, even as their debt-to-equity ratio rose from 55 per cent to 65 per cent. IPS is one of Singapore’s leading providers of integrated security solutions. As political instability grows around the region, ongoing disputes in certain countries and increasing national security concerns have led to governments in the region boosting their defence budgets, which puts IPS in an advantageous position to benefit from this situation. Stability is ComfortDelGro’s (CDG) key strength thus far for FY14 and we think its ability to remain so is attractive. CDG’s results for all three quarters in FY14 came in within our expectations and we believe it is on track to meet our forecasted 9.0% YoY growth for FY14’s PATMI. Recall that revenue from Australia saw decline since 1Q14 on loss of bus routes in regions 1 and 3. However, we believe it is more or less stabilized as seen in 3Q14 from its operations in the newly acquired region 4 bus routes. In UK, revenue growth came mainly from the newly secured Metroline West operations. We also expect improvement from bus and rail operations in Singapore to continue on higher ridership and average fares for the rest of FY14. Overall, we are positive on CDG’s ability to meet our FY14 expectations. S-REITS, or Singapore's real estate investment trusts, are better placed to withstand funding shocks today than during the Global Financial Crisis (GFC) period, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank's Macroeconomic Surveillance Department, this is largely due to better debt management. During the GFC, S-Reits experienced refinancing pressure when about one-third of their debt matured within the same year in 2009. They have since taken steps to improve their resilience to counter funding shocks. MARKET UPDATES & STOCK RECOMMENDATION
DAILY REPORT 
28th NOVEMBER 2014 
Y O U R M I N T V I S O R Y 
Page 4 
SMRT CORP SMRT CORP 
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 
OLAM INTER 
BUY OLAM INTER ABOVE 2.130 TGT 2.160 ,2.220 SL 2.070

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Epic research singapore daily sgx singapore report of 28th november 2014

  • 1. DAILY REPORT 28th NOVEMBER 2014 Y O U R M I N T V I S O R Y Page 1 DAILY SGX REPORT EPIC RESEARCH INDIA 411 Milinda Manor (Suites 409 – 417) 2 RNT Marg Opp Central Mall Indore (M.P.) Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 / 2228 HNI & NRI SALES CONTACT 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 231
  • 2. DAILY REPORT 28th NOVEMBER 2014 Y O U R M I N T V I S O R Y Page 2 TOP GAINERS & LOSERS TOP GAINER % Change Jardine Strategic Ho... +2.52% Jardine Cycle & Carr... +1.79% Jardine Matheson Hol... +1.47% Olam International L... +0.95% Singapore Airlines L... +0.29% Oversea-Chinese Bank... +0.10% Sembcorp Marine Ltd 0.00% Singapore Exchange L... 0.00% DBS Group Holdings L... -0.25% United Overseas Bank... -0.29% TOP LOSER % Change Thai Beverage PCL -4.38% Noble Group Ltd -1.61% ComfortDelGro Corp L... -1.54% Global Logistic Prop... -1.12% Hongkong Land Holdin... -0.86% Sembcorp Industries ... -0.86% Ascendas Real Estate... -0.86% CapitaMall Trust -0.75% StarHub Ltd -0.48% Golden Agri-Resource... 0.00% Hutchison Port Holdi... -0.70% Olam International L... -1.23% ComfortDelGro Corp L... -1.21% Singapore Press Hold... -0.94% Straits Times Index (STI) JS JCNC JM OLAM SAI OCBC SMM SGX DBS UOB % Change 2.52% 1.79% 1.47% 0.95% 0.29% 0.10% 0.00% 0.00% -0.25 -0.29 -0.50% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% TOP GAINERS THBEV NOBL CD GLP HKL SCI AREIT CT STH GGR %Change -4.38 -1.61 -1.54 -1.12 -0.86 -0.86 -0.86 -0.75 -0.48 0.00% -5.00% -4.50% -4.00% -3.50% -3.00% -2.50% -2.00% -1.50% -1.00% -0.50% 0.00% TOP LOOSERSSnapshot for Straits Times Index STI (FSSTI) Open 3,348.64 Previous Close 3,349.66 Day Range 3,340.96-3,355.62 Year-to- Date +8.52% 1-Year +8.63% 52-Week Range 2,953.01-3,387.84
  • 3. DAILY REPORT 28th NOVEMBER 2014 Y O U R M I N T V I S O R Y Page 3 SINGAPORE'S financial markets have remained stable through 2014, but banks will have to be watchful of liquidity and credit risks, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank's Macroeconomic Surveillance Department, Singapore's banking system is sound and remains resilient to external shocks. Asset quality is healthy. The local banks' capital adequacy positions are well above regulatory requirements, and their liquidity positions are sound. NET capital flows to Asia have turned negative, partially reversing the net inflows since 2010, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank's Macroeconomic Surveillance Department, several Asian economies have received substantial financial flows in the past few years as Asian sovereigns and corporates benefited from historically low risk premiums and global volatility. THE balance sheets of Singapore property firms remain healthy despite the moderation in residential property prices and transactions, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank's Macroeconomic Surveillance Department, median return on assets for property firms, excluding S-Reits, fell from 5.5 per cent in the second quarter of 2013 to 3.9 per cent in Q2 2014, even as their debt-to-equity ratio rose from 55 per cent to 65 per cent. IPS is one of Singapore’s leading providers of integrated security solutions. As political instability grows around the region, ongoing disputes in certain countries and increasing national security concerns have led to governments in the region boosting their defence budgets, which puts IPS in an advantageous position to benefit from this situation. Stability is ComfortDelGro’s (CDG) key strength thus far for FY14 and we think its ability to remain so is attractive. CDG’s results for all three quarters in FY14 came in within our expectations and we believe it is on track to meet our forecasted 9.0% YoY growth for FY14’s PATMI. Recall that revenue from Australia saw decline since 1Q14 on loss of bus routes in regions 1 and 3. However, we believe it is more or less stabilized as seen in 3Q14 from its operations in the newly acquired region 4 bus routes. In UK, revenue growth came mainly from the newly secured Metroline West operations. We also expect improvement from bus and rail operations in Singapore to continue on higher ridership and average fares for the rest of FY14. Overall, we are positive on CDG’s ability to meet our FY14 expectations. S-REITS, or Singapore's real estate investment trusts, are better placed to withstand funding shocks today than during the Global Financial Crisis (GFC) period, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank's Macroeconomic Surveillance Department, this is largely due to better debt management. During the GFC, S-Reits experienced refinancing pressure when about one-third of their debt matured within the same year in 2009. They have since taken steps to improve their resilience to counter funding shocks. MARKET UPDATES & STOCK RECOMMENDATION
  • 4. DAILY REPORT 28th NOVEMBER 2014 Y O U R M I N T V I S O R Y Page 4 SMRT CORP SMRT CORP 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 OLAM INTER BUY OLAM INTER ABOVE 2.130 TGT 2.160 ,2.220 SL 2.070