DAILY REPORT

24
th
September


Y O U R M I N T V I S O R Y

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DAILY REPORT
24
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TOP GAINERS & LOSERS
TOP GAINER % Change
Genting Singapore PL... +3.60%
DBS Group Holdings L... +1.16%
United Overseas Bank... +0.66%
SIA Engineering Co L... +0.65%
Singapore Telecommun... +0.53%
Singapore Exchange L... +0.28%
Singapore Technologi... +0.27%
City Developments Lt... +0.21%
Singapore Airlines L... +0.10%
Ascendas Real Estate... 0.00%
TOP LOSER % Change

Hongkong Land Holdin... -1.14%
Global Logistic Prop... -1.08%
Jardine Cycle & Carr... -1.01%
Jardine Matheson Hol... -1.00%
Sembcorp Industries ... -0.96%
Jardine Strategic Ho... -0.94%
ComfortDelGro Corp L... -0.81%
Sembcorp Marine Ltd -0.80%
Noble Group Ltd -0.72%
Thai Beverage PCL -0.68%
Hutchison Port Holdi... -0.70%
Olam International L... -1.23%
ComfortDelGro Corp L... -1.21%
Singapore Press Hold... -0.94%
Straits Times Index (STI)


GENS DBS UOB SIE ST SGX STE CIT SIA
AREI
T
% Change 3.60% 1.16% 0.66% 0.65% 0.53% 0.28% 0.27% 0.21% 0.10% 0.00%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
TOP GAINERS

HKL GLP JCNC JM SCI JS CD SMM NOBL
THBE
V
%Change -1.14 -1.08 -1.01 -1.00 -0.96 -0.94 -0.81 -0.80 -0.72 -0.68
-1.20%
-1.00%
-0.80%
-0.60%
-0.40%
-0.20%
0.00%
TOP LOOSERS
Snapshot for Straits Times Index STI (FSSTI)
Open 3,293.36
Previous Close 3,296.57
Day Range 3,291.76-3,306.44
Year-to- Date +6.95%
1-Year +5.81%
52-Week Range 2,953.01-3,387.84


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SINGAPORE shares end 0.05 per cent higher on Tuesday. The Straits Times Index closed up 1.52 points at
3,298.09. Some 1.38 billion shares valued at S$931.9 million changed hands. Losers beat gainers 186 to 246.
CONSUMER price inflation eased more than expected to 0.9 per cent in August from 1.2 per cent in July, again
because of lower private road transport costs. The median forecast of 20 economists polled by Bloomberg
before the Department of Statistics released the data on Tuesday was for a 1.1 per cent year-on-year rise in
the consumer price index (CPI) Private road transport costs fell by 2.9 per cent, largely due to lower certificate
of entitlement (COE) premiums in the month before. This followed July's drop of 1.6 per cent.
Singapore billionaire businessman Peter Lim, who once courted Liverpool, is set to take a 50 per cent stake in
Salford City FC. Papers have been submitted to the Football Association to formalise the acquisition of the
shares of the club owned by the five former Manchester United players known as the ‘Class of ‘92’. Gary and
Phil Neville, Ryan Giggs, Paul Scholes and Nicky Butt will each retain a 10 per cent stake in the Evo-Stik Division
One North clubLim has long been linked with owning an English club and in 2010 withdrew a bid to buy
Liverpool.
the International Atomic Energy Agency's (IAEA) Convention on the Physical Protection of Nuclear Material
(CPPNM) and the instrument of acceptance to its 2005 AmendmentSingapore will become a party to the
CPPNM 30 days after the instrument of accession is deposited with the IAEA, said the Ministry of the
Environment and Water Resources (MEWR) in a statement. According to IAEA, the amended Convention
makes it legally binding for states to protect nuclear facilities and material in peaceful domestic use, storage
and transport. It also provides for expanded cooperation among states on rapid measures to locate and
recover stolen or smuggled nuclear material, mitigate any radiological consequences of sabotage, and prevent
and combat related offences.
SINGAPORE Airlines (SIA) and Air New Zealand's strategic alliance will take off from Jan 6 next year, which will
add capacity between the two countries as well as offer passengers codeshare connectivity to both carriers'
networks. Under the alliance, which was first announced at the beginning of this year, the two Star Alliance
carriers will operate one return service daily between Singapore and Auckland, while SIA will operate a daily
return service between Singapore and Christchurch. n addition, passengers will gain access to 40 destinations
in Air NZ's network via codeshare flights, while Air NZ will codeshare on 50 other destinations in SIA and
SilkAir's network.
CIMB Research has raised its recommendation and target price for Far East Hospitality Trust (FEHT), after the
trust announced its joint venture with Far East Organization Centre to develop a new S$443.8 million hotel in
Sentosa, Singapore. Given that FEHT's contribution to the proposed JV will be fully funded via debt, we view it
positively as no equity dilution is expected consequently," said CIMB, which upgraded the stock to "hold" from
"reduce". It also upped the target price to S$0.83 from S$0.80. Shares of FEHT gained on Tuesday, trading at
S$0.815, up half a cent.
A SURVEY commissioned by Principal Global Investors on Tuesday showed investors are becoming more
cautious, and are looking to mitigate unrewarded risk. The survey showed retail investors are accepting lower
yield, while high net worth individuals have shifted from a blanket focus on alpha - a common measure of
performance that takes risk adjustments into account - to focus on risk mitigation, the survey said. The
emphasis on real estate investment is particularly stark for the latter group: investor interest shot to 61 per
cent this year, up from 37 per cent in 2012. Principal Global Investors is the institutional asset management
arm of the Principal Financial Group. It managed US$328.2 billion of assets as at June 30, 2014.

MARKET UPDATES & STOCK RECOMMENDATION

DAILY REPORT
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September


Y O U R M I N T V I S O R Y

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DBS GROUP




BUY DBS GROUP HOLDING ABOVE 18.390 TG 18.520, 18.650, 18.800 SL 18.250