SGX UPDATE Of 11AUG'2016 BY EPIC RESEARCH

The Straits Times Index (STI) ended 4.79 points or 0.17% higher to 2875.57, taking the year-to-date performance to -

0.25%.

The top active stocks today were DBS, which declined 0.40%, Singtel, which gained closed unchanged, OCBC Bank, which

declined0.12%, UOB, which declined 0.06% and Ascendas REIT, which closed unchanged.

The FTSE ST Mid Cap Index gained 0.57%, while the FTSE ST Small Cap Index rose 0.19%.

The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.09%. The two biggest

stocks of the Index - Silverlake Axis and CSE Global- ended 2.61% higher and 2.20% higher respectively.

The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 0.54%. Keppel Corp shares and Sembcorp

Industries remained unchanged.

The three most active Exchange Traded Funds (ETFs) by value today were:

DBXT MSCI Thailand TRN ETF (+1.59%) ,SPDR Gold Shares (+1.61%) ,STI ETF (+0.35%)

The three most active Real Estate Investment Trusts (REITs) by value were:

Ascendas REIT (unchanged) ,CapitaLand Mall Trust (-0.91%) ,CapitaLand Commercial Trust (+0.64%)

The most active index warrants by value today were:

HSI22800VTeCW160929 (-4.55%) ,HSI23800UBeCW161229 (-7.38%) ,HSI23000MBeCW160929 (-6.32%)

The most active stock warrants by value today were:

DBS MB eCW170201 (unchanged) ,UOB VT eCW161212 (-7.27%) ,DBS VT eCW161212 (-8.62%)

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SGX UPDATE 10th AUG'2016 BY EPIC RESEARCH

The Straits Times Index (STI) ended 42.61 points or 1.51% higher to 2870.78, taking the year-to-date performance to -

0.41%.

The top active stocks today were Singtel, which gaine

d 3.19%, DBS, which gained 1.42%, UOB, which gained 0.73%, OCBC

Bank, which gained 2.17% and ComfortDelGro, with a 2.87% advance.

The FTSE ST Mid Cap Index gained 0.02%, while the FTSE ST Small Cap Index rose 0.06%.

The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 2.80%. The

two biggest stocks of the Index - Singtel and StarHub – ended 3.19% higher and 1.27% lower respectively.

The underperforming sector was the FTSE ST Health Care Index, which slipped 1.17%. Raffles Medical Group shares

declined 1.30%and Riverstone Holdings declined 1.12%.

The three most active Exchange Traded Funds (ETFs) by value today were:

DBXT MSCI Indonesia ETF (+1.83%) ,SPDR Gold Shares (-2.27%) ,IS MSCI India (+1.79%)

The three most active Real Estate Investment Trusts (REITs) by value were:

CapitaLand Mall Trust (+2.80%) ,Ascendas REIT (-0.81%) ,CapitaLand Commercial Trust (+1.96%)

The most active index warrants by value today were:

HSI23800UBeCW161229 (+16.19%) ,HSI22400UBeCW161028 (+24.55%) ,HSI23000MBeCW160929 (+25.00%)

The most active stock warrants by value today were:

DBS MB ePW161201 (-8.22%) ,UOB MB eCW161031 (+6.00%) ,UOB MB ePW161201 (-5.00%)

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‎Singaporesharesend‬ higher as ‪#‎STI‬ gains 1.5% in line with Wall St, DBS's results

Wall Street's jump to a new all-time high on Friday and DBS's better-than-expected second quarter profit helped propel the Straits Times Index up 42.61 points or 1.5 per cent to 2,870.78, albeit in mediocre, pre-holiday volume of 938 million units worth S$1.03 billion.

Singtel led the way with a S$0.13 surge to S$4.20 on volume of 29 million, a rise that added 12 points to the index. Gains in the three banks added another 15 points while the Jardine group's contribution via rises in Hongkong Land and Jardine Cycle & Carriage was about five points. Excluding warrants, the broad market's advance-decline score was a much more mixed 226-186 than the index's rise would indicate.

Before trading opened at 9am DBS released its latest figures - a 6 per cent drop in net profit for the quarter ended June 30 to S$1.05 billion largely because of a one-off provision of S$150 million because of the bankruptcy of offshore and marine (O&M) company Swiber Holdings.

"Asset quality continued to be sound. While the non-performing rate rose to 1.1 per cent, allowance coverage was comfortable at 113 per cent and at 226 per cent if collateral was considered," said DBS. "Excluding the allowances for Swiber, total allowances were 58 per cent higher than a year ago and 27 per cent higher than the previous quarter."

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Last week’s Volume Jumpers led by ‪‎Delfi‬, ‪‎JardineStrategic‬ & ‪NobleGroup‬

Last week’s Volume Jumpers led by ‪#‎Delfi‬, ‪#‎JardineStrategic‬ & ‪#‎NobleGroup‬
Of the active SGX-listed stocks, Delfi saw the biggest volume leap last week, with weekly volume three ti

Jardine Strategic Holdings bought back a total of 1,245,356 shares on Thursday & Friday which brought its weekly volume to twice its recent average. Noble Group traded weekly volume at 1.8 times its recent average, with higher intraday volatility and its share price declining 4.9% on the week.

Two REITs were amongst the 10 active stocks with the biggest leap in last week’s volume. They were SPH REIT and Mapletree Commercial Trust. The duo averaged a 0.9% total return last week which was twice the return of the SGX S-REIT 20 Index.

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DBS results to kick off a difficult week for stocks

ALTHOUGH Wall Street's Friday rebound will help shore up sagging sentiment, it will be DBS's second quarter earnings announcement on Monday - one of the most closely watched events in local market history - that will set the early tone.

Traders need no reminding why - apart from wanting

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SINGAPORE COMEX UPDATE BY EPIC RESEARCH ON 08th AUG'2016

Nickel futures were trading higher during the evening trade in the domestic market on Friday as participants widened

their bets amid a pick up in demand from alloy-makers at the domestic spot market.Further a rise in domestic demand

from alloy-makers at the domestic spot markets buoyed the up trend in nickel prices at the futures trade.

 Oil prices eased in early trading on Friday, but remained well above this week's lows as traders covered short positions

after profiting from sharp declines since June.U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at

$41.81 per barrel at 0029 GMT, down 12 cents from their last close but still up over 6 percent from their low fo the

week on Tuesday.

 Gold prices rose to four-week highs on Friday, as the Bank of England’s decision to lower interest rates continued to

support and as investors eyed the release of key U.S. employment data due later in the day.On the Comex division of

the New York Mercantile Exchange, gold futures for December delivery were up 0.23% at $1,370.55.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

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Stocks to watch: DBS, Eu Yan Sang, China Sky Chemical Fibre, International Healthway

DBS Group: DBS reported on Monday that its net profit for the second quarter of 2016 was S$1.05 billion, down 6 per cent from a year ago due to a net allowance charge of S$150 million for DBS' exposure to the Swiber group.

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Eu Yan Sang: Eu Yan Sang on Monday warned that the offeror is not entitled to 

compulsorily exercise shares still held by minority shareholders, and shareholders who have not accepted the offer are likewise not entitled to exercise any rights to require the offeror to acquire their shares. All acceptances of the offer must be received no later than 5:30pm on Aug 15, 2016.

With the public float of its shares having fallen below the minimum free float requirements of 10 per cent, the Singapore Exchange may suspend the trading of the shares after the close of the offer, it said.

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China Sky Chemical Fibre: The firm on Monday requested a trading halt with immediate effect. In a filing to the Singapore Exchange (SGX), under "reasons for trading halt", the chemical fibres manufacturer said: "Pending company's response to SGX's queries on whether there are any unannounced lawsuits. The board of directors of the company is in the process of ascertaining the state of affairs of the company and whether the company is able to operate as a going concern.

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Singapore stocks trade higher on Monday

SINGAPORE'S stock markets opened higher on Monday with the benchmark Straits Times Index up 23.15 points or 0.82 per cent at 2,851.32 by 9.04am. This followed gains from the US on Friday and Tokyo markets on Monday.

Tokyo stocks opened sharply higher on Monday following another record on Wall Street after traders welcomed strong US jobs data. The benchmark Nikkei 225 index rallied 1.28 per cent, or 207.84 points, to 16,462.29 in opening deals, while the broader Topix index of all first-section shares soared 1.23 per cent, or 15.71 points, to 1,295.61.

On Singapore's bourse, some 79.9 million shares worth S$81.9 million had changed hands by 9.04am, with gainers outnumbering losers 109 to 51.

The three local banks were among the highest value traded counters, with UOB up seven cents to S$18.00, DBS up seven cents to S$14.90, and OCBC up nine cents to S$8.40.
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ETF Holdings on SGX rose 18% in the last six months

ETF holdings on SGX rose US$507 million, or 18%, in the six months ended 31 July 2016. Sixty-four of the 78 ETFs listed on SGX registered an increase in assets under management (AUM). The biggest increases in AUM were seen in ABF Singapore Bond Fund, SPDR® Gold Shares ETF, SPDR® Straits Times Index ETF, iShares MSCI India ETF and Nikko AM Singapore STI ETF. Singapore’s five most active ETFs in the month of July were: SPDR® Gold Shares ETF, iShares MSCI India Index ETF, SPDR® Straits Times Index ETF, db x-trackers MSCI AC Asia Ex Japan Index UCITS ETF, and db x-trackers MSCI Indonesia Index UCITS ETF. These five ETFs offer exposure to a wide range of markets and span two asset classes. These five most active ETFs averaged a total return of 4.8% for the month of July and 9.4% for the year-to-date.

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Singapore shares close mixed as pressure eases on O&M sector

Street's avoidance of an eighth straight loss on Wednesday helped bring some stability here on Thursday via short-covering that lifted the Straits Times Index 4.38 points to 2,831.96. Bounces in Singtel, SGX and SPH contributed to this gain, on a day when the advance-decline score excluding warrants was 219-175, indicating a more mixed session than the index's reading would suggest.

There was little indication in the futures market as to how Wall Street would trade on Thursday, with the Dow futures edging slightly higher but the S&P 500 futures falling marginally. Europe's positive opening in the late afternoon shed little additional light as most of the markets there had also come under selling pressure in recent days.

Noble Group topped the actives list when it rebounded from several days of selling, gaining S$0.013 or almost 10 per cent at S$0.145 on volume of about 400 million.

Offshore and marine (O&M) stocks enjoyed some respite after oil inched higher in overnight trading, its price rising above S$40 per barrel after falling to S$39 a day earlier. SembCorp Marine rose S$0.01 to S$1.335 on volume of 3.4 million but parent SembCorp Industries (SCI) fell S$0.02 to S$2.72 with a heavy 13.9 million traded.


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SINGAPORE I-FOREX UPDATE BY EPIC RESEARCH

EUR/USD is currently trading with a bullish bias. Yesterday, the pair traded perfectly long as

previously forecasted but is yet to reach our set target resistance level at 1.1239. The daily

candle is still pretty much bullish and will likely push the price further to the upper side.

Thus, during this intraday, we expect a possible bullish price rally towards 1.1239 or even

higher to 1.1264. This pair should be traded alongside EUR/JPY, AUD/USD, NZD/USD and

GBP/USD. These pairs have a strong positive correlation of up to +0.96 and will have a similar

price action during this intraday.




The pound slipped lower against the U.S. dollar on Wednesday, after data showed that

U.K. service sector activity contracted for the first time in more than three years and as investors

eyed the Bank of England’s policy meeting on Thursday.GBP/USD hit 1.3287 during

European morning trade, the session low; the pair subsequently consolidated at 1.3334,

edging down 0.17%.Cable was likely to find support at 1.3169, the low of August 2 and resistance

at 1.3480, the high of July 15.Research group Markit said its U.K. services purchasing

managers’ index dropped to 47.4 last month from a reading of 52.3 in June. It was

the lowest level since December 2012.The weak data added to expectations for a rate cut



by the BoE at its policy meeting on Thursday.
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Asian markets edge up, but Nikkei reverses early gains Concerns over monetary easing weigh on Japan

Shares in Asia were broadly higher Thursday on an overnight rebound in oil prices, though Japan’s Nikkei reversed early gains amid uncertainties over monetary easing.

Oil price weakness had weighed on the region’s stocks in recent days, but prices moved back above the $40 a barrel mark late Wednesday following a larger-than-expected decline in gasoline inventories.

Among major commodity-reliant markets, Australia’s S&P/ASX 200   was up 0.3% at 5483.50, while the FTSE Bursa Malaysia Index   gained 0.3% and Singapore’s Straits Times Index   was up 0.1%. Brent crude prices were last up 0.7% in Asian trade at $43.39 a barrel.

Companies linked to the oil and gas sector were the key outperformers early Thursday, and in Singapore, shares of major oil rig builders Keppel Corp.   and Sembcorp  gained 0.6% and 0.8%, respectively.

Still, overall gains for the rest of the region were capped, with the Korean Kospi   up 0.2%, and Hong Kong’s Hang Seng Index   rising 0.4%. Meanwhile in China, the Shanghai Composite Index   was down 0.4%.

“Concerns around Japanese stimulus are still disappointing the market,” said Alex Wijaya, a senior sales trader at CMC Markets.

An apparent lack of commitment to more easing by Bank of Japan Deputy Governor Kikuo Iwata on Thursday offset oil-related support for local stocks, sending the Nikkei Stock Average   down 0.6% and reversing from slight gains at the session’s open.

“I believe the BOJ will continue its accommodative monetary policy and its role as a buyer in the bond market,” said Yoshihiro Okumura, general manager of research at Chibagin Asset Management.

“But there is wide ranging speculation about what might be tweaked now. It’s going to be volatile for the markets,” he said.

Shares of many Japanese firms reacted to their earnings results, with carmaker Suzuki Motor Corp  rising 4.4% to ¥3202, after the company posted solid profit growth in the April-June quarter, helped by sales expansion in India and Europe. Meanwhile, optics product maker Olympus Corp.   tumbled 5.9% to ¥3,200 after the company cuts its sales and profit forecasts for the year ending in March 2017, citing the yen’s rapid rise.

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China promises more monetary easing to spur growth

China’s top economic planner pledged to reduce companies’ financing costs by cutting interest rates as downward pressure on economic growth increases.

Decision makers will lower benchmark interest rates and banks’ reserve requirement ratio at appropriate times, the research department of the National Development and Reform Commission said in a statement on its website Wednesday.

The government will work at easing financing difficulties faced by private firms by setting up government-led guarantee firms, the NDRC said.

The planning agency also said the government will offer more incentives for home buyers, such as subsidies, in some cities to help sell new homes.

An official gauge of the country’s factory activity showed a contraction for the first time in five months. China’s official manufacturing purchasing managers index edged down to 49.9 in July from June’s 50, a mark that separates expansion from contraction, official data showed Monday.

The central bank last lowered banks’ reserve requirement ratio, or the portion of deposits it asks banks to set aside as reserves, in March and cut benchmark interest rates October last year.
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Sgx Stock Recommendations : Epic Research Singapore

MARKET UPDATES :

• THE Monetary Authority of Singapore (MAS) on Wednesday outlined proposed measures to define a systemically important bank (SIB) in Singapore. The proposed indicators will be based on the following four factors: size; interconnectedness; substitutability and complexity.

• KEPPEL Land and its fund management arm, Alpha Investment Partners, have on Wednesday signed a sale and purchase agreement to sell Equity Plaza in Raffles Place for S$550 million to a consortium led by mainboard-listed GSH Corporation, controlled by Sam Goi.

STOCK RECOMMENDATION :

• BUY SINGAPORE TELECOMMUNICATION ABOVE 3.880 TG 3.930, 3.980, 4.060 SL 3.820

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