DAILY REPORT 14th NOVEMBER
Straits Times Index (STI)
Snapshot for Straits Times Index STI (FSSTI) Open
Year To Date
2,931.60 - 3,464.79 TOP GAINERS & LOSERS TOP GAINERS
4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% -0.50%
GG CM OLA OCB UO SIA DBS R A M C B
THB CD EV
CapitaMalls Asia Ltd
Olam International L...
Singapore Airlines L...
DBS Group Holdings L...
United Overseas Bank...
Sembcorp Industries ...
Thai Beverage PCL
ComfortDelGro Corp L... TOP LOSER
-0.26% % Change
3.00% 2.00% 1.00% 0.00% -1.00% -2.00% -3.00% -4.00%
HPH STH T
NOB HKL L
% Change -3.5 -0.7 0.20 0.53 0.68 0.95 0.97 1.30 2.14 2.35
Hutchison Port Holdi...
SIA Engineering Co L...
Global Logistic Prop...
Noble Group Ltd
Hongkong Land Holdin...
City Developments Lt...
Jardine Strategic Ho...
Jardine Cycle & Carr...
+2.35% Page 1
DAILY REPORT 14th NOVEMBER
MARKET UPDATES & STOCK RECOMMENDATION The rebound on Wall Street overnight could provide some inspiration for the local bourse this morning. After slipping another 0.4% yesterday, the STI could temporary halt its decline today with an improved short-term sentiment. Despite this, The high possibility of the index falling further towards the immediate base at the 3155 minor trough subsequently can be seen, with the next base lying at the 3120 key troughs. On the upside, we still peg the immediate obstacle at the 3200 support-turnedresistance, followed by the next hurdle at the 3230 minor peaks.
Singapore banks showed slight margin pressure for 3Q13 as they boosted liquidity ahead of the expected tapering in quantitative easing in the US, lower fee income due to market volatility and solid asset quality across all key geographies. The management teams guided for margins to remain stable near term and for loans to grow at a slower pace next year. Uncertainty over the timing of the US tapering (Barclays Research now estimates March 2014) may lead the banks to remain focused on funding in case of liquidity tightness in the region.
SELL HONGKONG LAND BELOW 6.160 TG 6.120, 6.070, 6.000 SL 6.220
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Published on Nov 14, 2013
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