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1. DAILY REPORT
23rd
DECEMBER 2014
Y O U R M I N T V I S O R Y Page 1
DAILY SGX REPORT
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2. DAILY REPORT
23rd
DECEMBER 2014
Y O U R M I N T V I S O R Y Page 2
TOP GAINERS & LOSERS
TOP GAINER % Change
Sembcorp Marine Ltd +4.08%
Sembcorp Industries ... +3.23%
Keppel Corp Ltd +3.02%
Thai Beverage PCL +2.94%
ComfortDelGro Corp L... +2.81%
Golden Agri-Resource... +2.30%
Ascendas Real Estate... +2.14%
Wilmar International... +1.89%
CapitaLand Ltd +1.89%
United Overseas Bank... +1.81%
TOP LOSER % Change
Olam International L... -0.47%
Genting Singapore PL... 0.00%
Noble Group Ltd +0.47%
Jardine Cycle & Carr... +0.50%
DBS Group Holdings L... +0.75%
Jardine Strategic Ho... +0.95%
StarHub Ltd +0.99%
Jardine Matheson Hol... +1.20%
Singapore Technologi... +1.21%
Hutchison Port Holdi... +1.49%
Hutchison Port Holdi... -0.70%
Olam International L... -1.23%
ComfortDelGro Corp L... -1.21%
Singapore Press Hold... -0.94%
Straits Times Index (STI)
SMM SCI KEP
THBE
V
CD GGR
AREI
T
WIL CAPL UOB
% Change 4.08% 3.23% 3.02% 2.94% 2.81% 2.30% 2.14% 1.89% 1.89% 1.81%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
TOP GAINERS
OLA
M
GENS NOBL JCNC DBS JS STH JM STE HPHT
%Change -0.47 0.00% 0.47% 0.50% 0.75% 0.95% 0.99% 1.20% 1.21% 1.49%
-1.00%
-0.50%
0.00%
0.50%
1.00%
1.50%
2.00%
TOP LOOSERS
Snapshot for Straits Times Index STI (FSSTI)
Open 3,293.72
Previous Close 3,279.53
Day Range 3,291.49-3,330.96
Year-to- Date +8.44%
1-Year +11.00%
52-Week Range 2,953.01-3,387.84

3. DAILY REPORT
23rd
DECEMBER 2014
Y O U R M I N T V I S O R Y Page 3

 Oil prices rose in Asia on Monday, extending a sharp rebound at the end of last week, with analysts predicting the sector has
bottomed out after plunging almost 50 per cent since June.US benchmark West Texas Intermediate (WTI) for February
delivery gained 79 cents to US$57.92 while Brent crude for February added 91 cents to US$62.29 in afternoon trade."We do
not expect WTI and Brent to test new lows this week," said Daniel Ang, investment analyst at Phillip Futures in Singapore.
 China's Xiaomi is raising over a US$1 billion (S$1.32 billion) from investors including Singapore sovereign wealth fund GIC
that would value the smartphone maker at over US$45 billion, a person familiar with the deal said.The fund raising was first
reported by the Wall Street Journal, which also said this round was led by tech fund All-Stars Investment and included
Russian tech fund DST Global and Yunfeng Capital, a private-equity firm affiliated with Alibaba Group Holding Ltd Executive
Chairman Jack Ma.
 Olam International - Positives priced in-:4QFY6/14 earnings were in line with market expectation. Revenue dropped 11.4%
YoY on lower sales volume, a change in its business mix and lower commodity prices. EBITDA, after adjusting for biological
gains, was flat YoY. Excluding exceptionals, operational profit climbed by 1.5% YoY. Full-year performance benefited from
upstream nut plantations, favourable coffee trading conditions, flour milling, packaged foods and sugar refining, attenuated
by less favourable trading conditions for rice, grains and cotton. FY6/14 EBITDA grew 8%, excluding biological gains.
 Silverlake Axis (SAL) has formed a new 51:49 company, Silverlake HGH, with Andrew Holliday, MD of Finzsoft Solutions, a
New Zealand-based financial technology company. Silverlake HGH will make a full takeover ofFinzsoft (FIN NZ, Not Rated) at
NZD3.00 a share or 48.1% discount to Finzsoft’s last closing price of NZD5.78. Mr Holliday has committed to accepting the
offer for his 65.9% stake in Finzsoft. In its press release, SAL highlights potentially strong synergies and the natural alignment
of its target customers in the Asia Pacific.
 Wilmar International - Better soybean crushing in FY15-:oybean-crushing margins still biggest swing factor. December’s
weakness to be made up by Oct/Nov’s strength, supporting decent 4Q margins. Less speculative trading to benefit real
soybean crushers like Wilmar, long term.
 Biosensor International Group -:IG is currently trading at consensus 2015F and 2016F PE of 14.7x and 12.8x
respectively.Consensus’ target price of S$0.66 represents an upside of 32%. After a slew of bad results and the 43% decline
in the stock price ytd, Biosensors has appointed Mr. Jose Calle Gordo as the group’s new CEO in Sep-14. We met up with the
management recently to understand the vision and transformation plans for the group. The following are the key transitions
we look forward to over the next coming quarters.
MARKET UPDATES & STOCK RECOMMENDATION

4. DAILY REPORT
23rd
DECEMBER 2014
Y O U R M I N T V I S O R Y Page 4
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