DAILY REPORT 22nd OCTOBER

Snapshot for Straits Times Index STI (FSSTI)

Open Previous Close Year To Date 1-Year Day Range 52-Week Range 3,206.01 3,192.90 +3.75% +8.21% 3,193.29 3,208.87 2,931.60 - 3,464.79

Straits Times Index (STI)

TOP GAINERS & LOSERS

TOP GAINERS 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00%
NOBL

TOP GAINER Noble Group Ltd Thai Beverage PCL Olam International L... Genting Singapore PL... Wilmar International... Singapore Exchange L... Sembcorp Industries ...

% Change +4.02% +3.85% +3.09% +2.04% +1.51% +0.81% +0.75% +0.51% +0.51% +0.43% % Change -2.79% -1.29% -0.94% -0.67% -0.43%

THBE OLAM GENS V

WIL

SGX

SCI

CMA

CT

UOB

CapitaMalls Asia Ltd CapitaMall Trust United Overseas Bank... TOP LOSER Jardine Matheson Hol... Hutchison Port Holdi... Hongkong Land Holdin... Oversea-Chinese Bank... SembCorp Marine Ltd Jardine Cycle & Carr... SIA Engineering Co L... ComfortDelGro Corp L...

%Change 4.02% 3.85% 3.09% 2.04% 1.51% 0.81% 0.75% 0.51% 0.51% 0.43%

TOP LOSERS
1.50% 1.00% 0.50% 0.00% -0.50% -1.00% -1.50% -2.00% -2.50% -3.00% JM % Change -2.79 HPHT -1.29 HKL -0.94 OCB -0.67 SMM -0.43 JCNC SIE CD CIT GGR -0.03 0.00% 0.00% 0.10% 0.94%

-0.03% 0.00% 0.00% +0.10% +0.94%

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City Developments Lt... Golden Agri-Resource...

YOUR MINTVISORY

DAILY REPORT 22nd OCTOBER

MARKET UPDATES & STOCK RECOMMENDATION According to DBS, daily average trading volumes have remained high (3Q13: 3.6bn) amid the strong market activity for small cap stocks during the quarter. The value-to-volume ratio has dropped further to S$0.37 compared to S$0.54 the previous quarter. As a result, average trading value for 3QCY13 declined 18% q-o-q to S$1.3bn (2Q13: S$1.6bn). On a positive note, the proportion of capped trades has declined to 35% (2Q13: 41%), providing support to average trading value. Derivatives remain SGXs distinguishing factor. Compared to HKEX and Bursa, SGX generates a higher proportion of its revenue from derivatives - 29% as at 2Q13. This has helped SGX keep revenues strong. Derivative activities for SGX have been picking up strongly over the past 4 quarters. However, a slight softening is expected this quarter as derivative volumes declined by 17% q-o-q, largely from the Nikkei 225 Index Futures. Although open interest rose 3% q-o-q. M1 reported a 19.4% y-y increase in net income to S$39.5m in 3QFY13, with service revenue climbing higher due to better mobile revenue and fixed services revenue. M1's higher revenue came mainly from the growth in its customer base.
CITY DEVELOPMENTS LTD

BUY CITY DEVELOPMENTS LTD ABOVE 10.500 TG 10.560, 10.620, 10.720 SL 10.420
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