20th August

Snapshot for Straits Times Index STI (FSSTI)

Open: Previous Close:
3,192.26

Day Range: 52-Week Range:

3,168.28 - 3,202.10

Year To Date: 1-Year:

+2.68% +6.81%

3,197.53

2,931.60 - 3,464.79

SGX UPDATES:

TOP GAINERS & LOSERS TOP GAINER Golden Agri-Resource... Thai Beverage PCL City Developments Lt... Singapore Telecommun... Genting Singapore PL... StarHub Ltd CapitaMalls Asia Ltd United Overseas Bank... Wilmar International... ComfortDelGro Corp L... TOP LOSER Jardine Strategic Ho... Jardine Matheson Hol... Jardine Cycle & Carr... Noble Group Ltd Global Logistic Prop... CapitaMall Trust DBS Group Holdings L... SIA Engineering Co L... Singapore Airlines L... Oversea-Chinese Bank...
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The DBS Asian Insights Conference 2013 brought together many of the regions top government and business leaders whose policies and decisions shape and move Asia. On last Friday evening, CACHE announced the incorporation of four wholly-owned subsidiaries, including a 100% stake in Cache Polar Logistics Warehouse (Shanghai) Co., Ltd. While no further details were given regarding the purpose of these entities except they are either investment holding or warehousing and logistics service companies, we are of the view that CACHE may be looking to acquire a warehouse facility in Shanghai, China from a third party vendor, possibly logistics solutions provider Polar Logistics Group. King Wans (KWAN) 1QFY14 was above expectations with revenue at SGD25.1m. Its net profit of SGD2.6m is equivalent to half of the core 1.5- cent dividend. We note that the companys new development property, Skywoods, should be launched in 2QFY14. KWAN also issued an update on the status of the KTIS IPO, which should go live within six months. The source told the paper that Hong Kong-listed Tencent had opened an office in Singapore to deal with the listing, which it had originally planned to hold in Hong Kong.
YOUR MINTVISORY

% Change +2.94% +1.89% +1.14% +0.81% +0.36% +0.24% 0.00% -0.23% -0.32% -1.03% % Change -5.59% -4.42% -2.88% -2.30% -2.21% -1.75% -1.35% -1.04% -0.80% -0.57%

20th August

STOCK RECOMMENDATION: SELL JARDINE CYCLE AND CARRIAGE BELOW 38.410 TG 38.210, 38.000, 37.700 SL 38.600.

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YOUR MINTVISORY

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