Sgx Singapore News Update : Epic Research Singapore

In its latest Singapore strategy report, Macquarie Research said it still sees opportunities in cyclical sectors that have lagged as well as in the domestic Land Transport sector, which is benefitting from major policy changes.

Top picks are Noble, Keppel, UOB, GLP and ComfortDelgro and SMRT, with strong catalysts over the next 6-12 months according to the report entitled "Cures for the summertime blues''.

Noble's broad based exposure allows it to benefit from economic recovery outside of Asia, and we think the value accretion from its agri business stake sale in 3Q/4Q14 is underappreciated by the market.
Target price for Noble is at S$1.65 a share.

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