SGX Stock Recommendations : Epic Research Singapore

MARKET UPDATES :

• THE Singapore economy grew a weaker-than-expected 1.5 per cent year-on-year in Q4 2014, slowing from Q3′s 2.8 per cent expansion as the manufacturing sector shrank in the final quarter.The median forecast of six economists polled by Bloomberg before the Ministry of Trade and Industry (MTI) released advance GDP (gross domestic product) estimates on Friday morning was for Q4 growth of 2.2 per cent.

• ADVANCE estimates from the Ministry of Trade and Industry on Friday morning show that Singapore’s economy grew a poorer-than-expected 1.5 per cent year on year in the final quarter of 2014.This meant 2.8 per cent growth for the whole of 2014, slower than 2013′s 3.9 per cent. Here’s what private-sector economists had to say.

• PRIVATE home prices fell one per cent in the fourth quarter of 2014 over the previous quarter, higher than the 0.7 per cent decline in Q3 2014, based on the Urban Redevelopment Authority’s (URA) flash estimates released on Friday.This marks the fifth consecutive quarter-on-quarter drop in URA’s widely watched private home price index.For the whole of last year, the index eased 4 per cent – contrasting with a 1.1 per cent rise in 2013.

• SINGAPORE shares end higher on Friday. The Straits Times Index gained 5.44 points to 3,370.59.Some 1.07 billion shares, valued at S$556.9 million were traded. Gainers numbered 279 while losers numbered 154.

• A Libyan-registered oil tanker, Aiyarmouk, on Friday collided with a Singapore-registered bulk carrier, Sinar Kapuas, in Singapore waters, the Maritime and Port Authority of Singapore (MPA) said. The collision happened about 11 nautical miles north-east of Pedra Branca. The MPA received the report at 6am, Singapore time.The two vessels involved in the collision are currently anchored and in stable condition. There is no report of injury, and traffic in the port and the Strait of Singapore remains unaffected.

• KEPPEL AmFELS LLC, a US-based subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has won a contract valued at over US$100 million to build one of the world’s largest land drilling rigs for a major operator.Scheduled for delivery in mid-2016, Keppel AmFELS will be undertaking the engineering, procurement and construction of the rig.

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