DAILY REPORT 16th OCTOBER
Snapshot for Straits Times Index STI (FSSTI) Open
Year To Date
3,155.31 â€“ 3,183.38
2,931.60 - 3,464.79
Straits Times Index (STI)
TOP GAINERS & LOSERS TOP GAINERS
Thai Beverage PCL
Singapore Press Hold...
United Overseas Bank...
DBS Group Holdings L...
0.40% 0.20% 0.00% -0.20% -0.40%
%Change 0.96% 0.73% 0.59% 0.24% 0.06% 0.00% 0.00% 0.00% -0.20
CapitaMalls Asia Ltd
SIA Engineering Co L...
Singapore Telecommun... TOP LOSER
TOP LOSERS 0.00% -0.20% -0.40% -0.60% -0.80% -1.00%
-0.27% % Change
Genting Singapore PL...
Hongkong Land Holdin...
Noble Group Ltd
Sembcorp Industries ...
Hutchison Port Holdi...
Global Logistic Prop...
SembCorp Marine Ltd
Jardine Cycle & Carr...
-1.20% -1.40% -1.60% % Change
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
Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not acc ept 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 anal ysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no r esponsibility 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 YOUR MINTVISORY
Visit us @ www.epicresearch.sg Page 2
Published on Oct 15, 2013
Epic Research is a leading global financial services provider. Headquartered in Indore, India, Epic has offices and representatives in U.S....