Sgx Stock Recommendations : Epic Research Singapore

MARKET UPDATES :

• SINGAPORE shares ended 1.2 per cent lower on Tuesday.The Straits Times Index fell by 39.85 points to close at 3,272.62. Some 1.54 billion shares valued at S$1.27 billion changed hands. Losers beat gainers 396 to 87.

• EZION Holdings secured yet another contract to provide a service rig to support a regional national oil company. The US$76 million contract is over a three-year period and comes with extension options.

STOCK RECOMMENDATION :

• BUY CITY DEVELOPMENT LTD ABOVE 9.600 TG 9.680, 9.780, 9.900 SL 9.500

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