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DAILY REPORT 16th OCTOBER

Snapshot for Straits Times Index STI (FSSTI) Open

3,180.69

Previous Close

3,179.71

Year To Date

+2.887%

1-Year

+7.54%

Day Range

3,155.31 – 3,183.38

52-Week Range

2,931.60 - 3,464.79

Straits Times Index (STI)

TOP GAINERS & LOSERS TOP GAINERS

TOP GAINER

1.20%

% Change

1.00%

Thai Beverage PCL

+0.96%

0.80%

Singapore Press Hold...

+0.73%

0.60%

Oversea-Chinese Bank...

+0.59%

United Overseas Bank...

+0.24%

DBS Group Holdings L...

+0.06%

0.40% 0.20% 0.00% -0.20% -0.40%

THBE V

SPH

OCBC

UOB

DBS

STH

CMA

WIL

SIE

%Change 0.96% 0.73% 0.59% 0.24% 0.06% 0.00% 0.00% 0.00% -0.20

StarHub Ltd

0.00%

CapitaMalls Asia Ltd

0.00%

ST

Wilmar International...

0.00%

-0.27

SIA Engineering Co L...

-0.20%

Singapore Telecommun... TOP LOSER

TOP LOSERS 0.00% -0.20% -0.40% -0.60% -0.80% -1.00%

-0.27% % Change

Genting Singapore PL...

-1.37%

Hongkong Land Holdin...

-1.24%

Noble Group Ltd

-1.02%

Golden Agri-Resource...

-0.95%

CapitaLand Ltd

-0.95%

Sembcorp Industries ...

-0.75%

Hutchison Port Holdi...

-0.64%

Global Logistic Prop...

-0.34%

SembCorp Marine Ltd

-0.22%

Jardine Cycle & Carr...

-0.08%

-1.20% -1.40% -1.60% % Change

GENS

HKL

NOBL

GGR

CAPL

SCI

HPHT

GLP

SMM

JCNC

-1.37

-1.24

-1.02

-0.95

-0.95

-0.75

-0.64

-0.34

-0.22

-0.08

YOUR MINTVISORY

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DAILY REPORT 16th OCTOBER

MARKET UPDATES & STOCK RECOMMENDATION Malaysia's palm oil stocks rose 7% mom to 1.78m tonnes as at end-Sept 13 due to seasonal factors. However, the stock level was 5% below CIMB's and 7 % below consensus forecasts as stronger-than-expected exports and domestic consumption offset the rise in production. Palm oil exports are expected to grow at a slower rate of 6%, but are likely to be supported by the buying ahead of the Deepavali celebrations as well as stronger biodiesel usage. Advance estimates from the MTI, the Singapore economy grew by 5.1% YoY in 3Q13, much better than the street’s expectations of 3.8% growth, and also better than the 4.2% growth seen in 2Q13, but OCBC notes that on a seasonally adjusted, annualized basis, the economy contracted by 1% QoQ, reversing 2Q13’s 16.9 % surge. Manufacturing output fell by 3.4% QoQ, reversing the 33.5% expansion in 2Q13, while construction contracted by 8.8%, compared to 2Q13’s 20.9% growth, mainly due to weaker public sector construction activities. Finally, services expanded by 1.0% after 2Q13’s 12.3% rise; the financial services sector shrank as equity and foreign exchange market activities fell on tapering concerns by the Fed and tensions in Syria,

DBS GROUP HOLDING

SELL DBS GROUP HOLDING BELOW 16.320, 16.220, 16.100 SL 16.500

16.400 TG

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Daily sgx report by epic research singapore 16th oct 2013  

Epic Research is a leading global financial services provider. Headquartered in Indore, India, Epic has offices and representatives in U.S....

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