MARKET UPDATES :
THE Straits Trading Company Limited (Straits Trading) has agreed to sell the Straits Trading Building to the Sun Venture Group for S$450 million. Straits Trading is expected to realise an estimated capital gain of S$39 million on the sale, based on the building’s latest book value as at June 30, 2014. Based on historical cost, the gain to the company will be S$373 million,
STOCK RECOMMENDATION :
BUY OVERSEA CHINESE BANKING ABOVE 9.760 TG 9.860, 9.980, 10.200 SL 9.640
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THE Straits Trading Company Limited (Straits Trading) has agreed to sell the Straits Trading Building to the Sun Venture Group for S$450 million. Straits Trading is expected to realise an estimated capital gain of S$39 million on the sale, based on the building’s latest book value as at June 30, 2014. Based on historical cost, the gain to the company will be S$373 million,
STOCK RECOMMENDATION :
BUY OVERSEA CHINESE BANKING ABOVE 9.760 TG 9.860, 9.980, 10.200 SL 9.640
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