SGX Stock Recommendations : Epic Research Singapore

MARKET UPDATES :

• SINGAPORE shares ended lower on Thursday with the Straits Times Index slipping 0.1 point to 3,419.05.Some 1.25 billion shares, valued at S$1.19 billion were traded. Gainers numbered 196 while losers numbered 265.

• DBS is expected to benefit the most among its Singapore banking peers from a lift in short-term funding rates, Nomura said in a report on Thursday. This comes with the surprise move by Singapore’s central bank on Wednesday to ease the appreciation of the Singapore dollar.”One of the by-products of this exchange rate policy is the increase in interest rates,” said Nomura. “This benefits the Singapore banks, in particular DBS, because its assets get reprised faster and in a bigger magnitude than liabilities. “DBS has the lion’s share of Singapore-dollar deposits, of around 25 per cent. Banks make money by pricing their loans higher to reflect higher rates.

• Singapore’s dollar tumbled after the Asian nation unexpectedly eased monetary policy, highlighting the divergence among central-bank strategies before a Federal Reserve meeting that concludes on Wednesday in Washington. Measures of volatility have jumped in currency markets this year as central banks from Canada to Switzerland roiled markets with surprise policy moves. The Monetary Authority of Singapore said it will seek slower appreciation against a basket of currencies, sending the local dollar to the lowest since 2010.

• KEPPEL Corporation, via its financial advisers DBS Bank and Credit Suisse (Singapore), on Thursday announced that    BlackRock Inc, an associate of Keppel Corp, now holds some 48.05 million shares in Keppel Land (KepLand). This represents about 3.1 per cent of the total issued shares in KepLand, a percentage shareholding computed based on a total of 1.5 billion issued shares as at Jan 23, said Keppel Corp.BlackRock is an associate of Keppel Corp by virtue of the fact that it holds 5 per cent or more of Keppel Corp shares. As such, BlackRock is required to disclose its dealings in shares during the offer period.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg