Daily-sgx-report by Epic Research Singapore 17 Feb 2014
|
Open |
3,046.12 |
|
Previous Close |
3,039.90
|
|
Year To Date |
-4.01% |
|
1-Year |
-4.98% |
|
Day Range
|
3,029.90 – 3,051.48 |
|
52-Week Range |
2953.01-3464.79 |
OCBC Bank reported a net profit after tax of S$715 million for the fourth quarter of 2013 (“4Q13”), 8% higher than S$663 million a year ago (“4Q12”). This was underpinned by a 22% year-on-year increase in net profit after tax from banking operations that included record quarterly earnings from Malaysian and Indonesian banking subsidiaries which grew 37% and 17% respectively in local currency terms.
Singapore Airshow 2014 wrapped up the trade segment of the six-day event with deals announced worth US$32 billion, surpassing the value of deals announced in 2012. Major announcements include contracts for Airbus, Embraer, Boeing and Rolls-Royce. This reinforces Singapore Airshow’s standing as one of the most important aerospace and defence exhibitions in the world.
Retail sales declined 5.5% in December 2013, mainly due
to lower motor vehicles sales. Excluding motor vehicles,
retail sales went up 0.3%. After seasonal adjustment,
retailers of motor vehicles and medical goods & toiletries
reported sales increases of 17.4% and 7.5% respectively
in December 2013 over November 2013.
BUY OLAM INTERNATIONAL ABOVE 1.580 TG 1.630, 1.670, 1.720 SL 1.530
Epic Research is a leading global financial services provider. Headquartered in Indore, India, Epic has offices and representatives in U.S.A., Singapore, Australia and Middle East. With its full fledged research operations, Epic Research has proven itself as Investment Advisory Company that produces and delivers high accuracy tips and recommendations for the Singapore market –
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SGX Equities
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SGX Derivatives – Futures and Options
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Global Commodities – Bullion, Energy and Agri
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Global Forex – Major currency pairs
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