SGX Stock Recommendations : Epic Research Singapore

MARKET UPDATES :

• THE Singapore economy, as a net importer of oil, stands to benefit from lower global oil prices, said Trade and Industry Minister Lim Hng Kiang in Parliament on Monday.A drop in oil prices will translate into lower electricity tariffs and fuel costs, which will directly benefit businesses and consumers, he said in response to queries by several MPs on the impact of the decline in oil prices in Singapore.Global oil prices have fallen sharply in recent months on the back of sluggish global demand and strong supply conditions. Since June 2014, the benchmark Brent oil price has declined from a peak of US$115 per barrel to around US$50 per barrel recently.

• SINGAPOREANS are one step closer to access to universal health coverage as Parliament on Monday tabled the MediShield Life Scheme Bill, which provides for its implementation and administration.The Bill sets out the coverage and benefits, establishment of the MediShield Life Council, access to information, recovery of premiums, and offences and penalties. In terms of coverage and benefits, the Bill allows deduction of Medisave monies for premium payments. For those below the age of 21, the premiums will be paid by their parents or legal guardians, if they do not have sufficient Medisave fund.

• KEPPEL Reit has posted distribution per unit (DPU) of 1.51 Singapore cents for the fourth quarter ended Dec 31, 2014, down from 1.97 cents in the same year-ago period.Net property income eased 8.3 per cent to S$34.25 million – due mainly to the absence of contribution from Prudential Tower.The trust completed the divestment of its 92.8 per cent interest in Prudential Tower in September 2014. It also completed the acquisition of a one-third interest in Marina Bay Financial Centre Tower 3 on Dec 16, 2014.Keppel Reit’s net asset value per unit stood at S$1.41 as at Dec 31, 2014, one cent higher than a year earlier.

• THE Singapore Exchange (SGX) will make a long-awaited change today to cut the size of its minimum trading unit – known as a standard board lot – from 1,000 to 100 shares.

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