Thursday, January 22, 2015

SGX Stock Recommendations : Epic Research Singapore


MARKET UPDATES :
  • MALAYSIAN shares ended higher on Wednesday with the Kuala Lumpur Composite Index adding 19.98 points to close at 1,770.09.Some 2.16 billion lots, valued at RM2.45 billion were traded. Gainers numbered 559 while losers numbered 287.
  • CAPITACOMMERCIAL Trust, a real estate investment trust (Reit) holding central business district (CBD) offices, reported on Wednesday morning before trading hours a distribution per unit (DPU) of 2.15 cents for its fourth quarter ended Dec 31, 2014, up 2.9 per cent from 2.09 cents a year ago.This brings the full-year DPU to an estimated 8.46 cents before conversion of convertible bonds, up 3.9 per cent from 8.14 cents a year ago. This gives it a yield of 4.6 per cent on its last traded price of S$1.835.
  • FORTUNE Reit on Wednesday reported an 8.3 per cent increase in income available for distribution to HK$197.2 million (S$33.97 million) for its fourth quarter ended Dec 31, 2014.This translates to a distribution per unit (DPU) of 10.50 Hong Kong cents, 8 per cent higher than the 9.72 Hong Kong cents that it paid out a year ago.Its net property income also rose 6.7 per cent to HK$293.5 million, on the back of an 8.4 per cent increase in total revenue to HK$425.7 million.

  • SINGAPORE Exchange posted a 16 per cent net profit increase in its second fiscal quarter on the back of strong derivatives growth.Earnings attributable to shareholders rose to S$86.6 million, or 8.1 Singapore cents per share, for the quarter ended December. Net profit for the first half slipped 2 per cent to S$164.2 million, or 15.3 Singapore cents per share.The market operator is declaring a dividend of four Singapore cents per share.Income from securities slipped one per cent to S$51.7 million in the quarter. Income from derivatives, however, rose 46 per cent to S$76.4 million.
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