Sgx Stock Recommendations : Epic Research Singapore

MARKET UPDATES :

• THE Monetary Authority of Singapore (MAS) on Wednesday outlined proposed measures to define a systemically important bank (SIB) in Singapore. The proposed indicators will be based on the following four factors: size; interconnectedness; substitutability and complexity.

• KEPPEL Land and its fund management arm, Alpha Investment Partners, have on Wednesday signed a sale and purchase agreement to sell Equity Plaza in Raffles Place for S$550 million to a consortium led by mainboard-listed GSH Corporation, controlled by Sam Goi.

STOCK RECOMMENDATION :

• BUY SINGAPORE TELECOMMUNICATION ABOVE 3.880 TG 3.930, 3.980, 4.060 SL 3.820

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