15Tth August

Snapshot for Straits Times Index STI (FSSTI)

Open: Previous Close:
3,249.46

Day Range: 52-Week Range:

3,231.56 - 3,251.64

Year To Date: 1-Year:

+4.91% +8.59%

3,244.12

2,931.60 - 3,464.79

SGX UPDATES:

TOP GAINERS & LOSERS

Singapore Exchange (SGX) is pleased to welcome the listing of Soilbuild Business Space REIT Mainboard, under the stock code "SV3U". According to DBS, Nobles revenue posted a decent 5% y o-y and 12% q-o-q growth to US$25.3bn in 2Q13, on higher volume of 57.7mt (+7% y-o-y, +10% q-o-q). However, core profit disappointed at US$77.1m (excl. US $14.3m loss on supply chain asset), down 47% y-o-y, but up 27% from a low base last quarter. Here's more from DBS: The culprit was again the Agriculture segment which reported a US$54m operating loss, a marginal improvement from US$66m in 1Q. This was partially mitigated by stronger performances of the other two segments, Energy and MMO. Sequential recovery expected for Agriculture. Nobles sugar mill operations in Brazil are poised to recover significantly as we enter the peak season in 3Q, aided by higher ethanol production and prices. The recovery in sugar prices plays a critical role. The current price at 16-17 UScents/pound is not sustainable as even the first quartile sugar mills are barely profitable.

TOP GAINER SIA Engineering Co L... Genting Singapore PL... Singapore Airlines L... Olam International L... Golden Agri-Resource... Hutchison Port Holdi... Singapore Press Hold... ComfortDelGro Corp L... United Overseas Bank... DBS Group Holdings L... TOP LOSER Thai Beverage PCL Oversea-Chinese Bank... Global Logistic Prop... Sembcorp Industries ... Singapore Telecommun... City Developments Lt... Jardine Cycle & Carr... CapitaLand Ltd Keppel Corp Ltd CapitaMalls Asia Ltd

% Change +1.05% +0.36% +0.30% 0.00% 0.00% 0.00% -0.25% -0.51% -0.65% -0.70% % Change -2.75% -1.69% -1.46% -1.39% -1.33% -1.31% -1.30% -1.23% -1.14% -1.02%

YOUR MINTVISORY

Page 1

15Tth August

STOCK RECOMMENDATION: BUY DBS GROUP HOLDINGS ABOVE 17.030 TG 17.110, 17.220, 17.350 SL 16.910

Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

Give us a missed call at +6531581402

Visit us @ www.epicresearch.co

YOUR MINTVISORY

Page 2