DAILY REPORT 07th FEBRUARY
Straits Times Index (STI)
Snapshot for Straits Times Index STI (FSSTI) Open
2,972.40 â€“ 2,994.48
2953.01-3464.79 TOP GAINERS & LOSERS
TOP GAINERS 6.00%
Thai Beverage PCL
Noble Group Ltd
Hutchison Port Holdi...
Sembcorp Marine Ltd
ComfortDelGro Corp L...
Jardine Matheson Hol...
THBE NOBL HPHT SMM CAPL OCBC WIL V
% Change 4.95% 3.23% 3.08% 2.81% 1.82% 1.76% 1.60% 1.05% 0.67% 0.45%
Jardine Strategic Ho... TOP LOSER
TOP LOOSERS 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% -0.20% -0.40% -0.60% -0.80% -1.00% -1.20%
+0.45% % Change
Sembcorp Industries ...
Olam International L...
Hongkong Land Holdin...
SIA Engineering Co L...
CapitaMalls Asia Ltd
Genting Singapore PL...
%Change -0.95 -0.69 -0.66 -0.63 -0.29 0.00% 0.10% 0.15% 0.55% 0.73%
Keppel Corp Ltd
Singapore Exchange L...
Global Logistic Prop...
+0.73% Page 1
DAILY REPORT 07th FEBRUARY
MARKET UPDATES & STOCK RECOMMENDATION January PMIs surprised on the upside. Overall manufacturing PMI reverted back to expansion (50.5) after a brief dip into contraction territory (49.7) in the previous month. In addition, electronics PMI staged a strong showing, posting a reading of 52.0, up from 50.1 previously. The increase in the inventory index also suggests some degree of restocking in anticipation of higher demand. This is further reinforced by the fact that stocks of finished goods are declining as manufacturers have been running down on existing stockpile.
CITY DEVELOPMENT LTD
Mencast Holdings (MCAST) has acquired S&W and S&W Process Equipment, which are companies that manufacture and repair heat exchanges.The acquisitions are seen to deliver clear synergies for the company, particularly with its offshore engineering and energy divisions, according to OSK-DMG and leading the research firm to raise its earnings estimates for FY14/15F. BUY CITY DEVELOPMENT LTD ABOVE 9.030 TG 9.100, 9.180, 9.280 SL 8.930
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