1. SGX UPDATES:
According to CIMB, assuming drug manufacturing or transport
engineering does not fall over the cliff, it believes
manufacturing can expand by about 5% in 2H13 (1H13: -3.2%)
to support 4% GDP growth in 2H13 or 3% for the full year. - See
more at:
Citing an improving macroeconomic backdrop, the government
raised its 2013 GDP outlook even though it lowered its trade
and NODX today due to the poor 1H13 trade performance.
Total trade (1H13: -5.5% yoy) and NODX (1H13: -8.8% YoY) was
cut to 2-3% yoy and 0-1% yoy, respectively, from 3-5% and 2-
4% previously. On a positive note, leading indicators such as
PMIs suggest improving global demand in the seasonally busier
half of the year.
With the help of an undemanding year-ago base (2H12 GDP
slowed to o.8% YoY due to euro zone and US fiscal cliff
worries), we expect the export drag to reduce in the coming
months.
TOP GAINERS & LOSERS
TOP GAINER % Change
CapitaLand Ltd +2.19%
Keppel Corp Ltd +1.44%
CapitaMall Trust +1.00%
Singapore Telecommun... +0.79%
ComfortDelGro Corp L... +0.77%
DBS Group Holdings L... +0.70%
City Developments Lt... +0.66%
CapitaMalls Asia Ltd +0.51%
Olam International L... +0.30%
TOP LOSER % Change
Golden Agri-Resource... -2.88%
Noble Group Ltd -2.22%
Thai Beverage PCL -1.75%
StarHub Ltd -0.69%
United Overseas Bank... -0.68%
Singapore Exchange L... -0.65%
Sembcorp Industries ... -0.39%
Singapore Airlines L... +0.20%
Singapore Technologi... +0.23%
Snapshot for Straits Times Index STI (FSSTI)
Open: 3,240.24 Day Range: 3,236.41 - 3,247.86 Year To Date: +4.58%
Previous Close: 3,232,24 52-Week Range: 2,931.60 - 3,464.79 1-Year: +9.07%
14
TH
AUG. 2013
2. STOCK RECOMMENDATION:
BUY JARDINE MATHESON HOLDINGS ABOVE 55.000 TG 55.150, 55.350 SL 54.840
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