DAILY REPORT 22nd NOVEMBER
Snapshot for Straits Times Index STI (FSSTI) Open
Year To Date
3,158.40 - 3,176.76
2,953.89 - 3,464.79
Straits Times Index (STI)
TOP GAINERS & LOSERS TOP GAINERS
1.50% 1.00% 0.50% 0.00% -0.50% -1.00% -1.50%
THB OCB NO CA ST GLP KEP DBS EV C BL M
GG WIL R -0.
Thai Beverage PCL
Global Logistic Prop...
Noble Group Ltd
Keppel Corp Ltd
DBS Group Holdings L...
CapitaMalls Asia Ltd
Wilmar International... TOP LOSER
-1.14% % Change
Hutchison Port Holdi...
Genting Singapore PL...
SIA Engineering Co L...
Sembcorp Industries ...
Sembcorp Marine Ltd
Jardine Matheson Hol...
Jardine Strategic Ho...
TOP LOSERS 0.00%
HPH GEN SIE T S
% Change -4.2 -1.7 -1.2 -1.1 -0.9 -0.9 -0.8 -0.7 -0.5 -0.3
DAILY REPORT 22nd NOVEMBER
MARKET UPDATES & STOCK RECOMMENDATION Singapore GDP growth pegged at 3.8%. Construction grew by 5.3% YoY, also higher than the advance estimate of 3.6%. A healthy pipeline of projects will continue to underpin growth momentum in this sector despite problem of margin compression, mainly due to higher operating costs. Most importantly, key services sector also put up a stronger showing. It recorded growth of 6.3% YoY in the quarter, as compared to the advance estimate of 5.7%. Strong improvement in regional growth outlook has drove expansion in the trade related, tourism and financial services sectors. Expect the growth momentum in this sector to pick up in the coming quarters against the backdrop of the stronger external growth outlook.
CIMB, Oversea-Chinese Banking Corp and Standard Chartered Plc were hired to manage OUE Commercial REIT's initial public offering of about S$600 million ($482.4 million), IFR reported on Wednesday. Other banks will likely be added to the group handling the IPO, set to take place early in 2014, said IFR, a Thomson Reuters publication. CapitaMalls Asia Ltd is acquiring a new shopping mall in Guangzhou, China â€“ its first in the city. The acquisition is subject to the approval of the Chinese government.
SELL HONGKONG LAND BELOW 6.050 TG 6.000, 5.940, 5.860 SL 6.120
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Published on Nov 22, 2013
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