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Market Watch 25 Jun 2013 Inbox | | | | | STI 3,074 -50 -1.61%
DOW 14,660 -139 -0.94%
S&P 1,573 -19 -1.22%
FTSE 6,029 -87 -1.43%
DAX 7,692 -97 -1.25%
GOLD 1,283 +6 +0.46%
OIL 94.75 -0.43 -0.45%
PRE-HK OPEN -96pts CREDIT SUISSE GLOBAL RISK APPETITE (EQUITY): -2.12 ( 21 Jun 2013)
CREDIT SUISSE GLOBAL RISK APPETITE : 1.22 (21 Jun 2013)
25 Jun 2013 08:36 DJ MARKET TALK: Macquarie Tips Four Themes For Singapore Stocks 0036 GMT [Dow Jones] Macquarie tips four key themes in Singapore's equity space: 1) earnings quality with an overseas bias; 2) China domestic demand; 3) visitor arrivals to Singapore; 4) stock-specific stories. For the first, it likes SembCorp Marine (S51.SG) as it is well-positioned for an expected order surge in 2H and has a healthy order book, Vard (MS7.SG) with its improving order outlook and asset enhancement investments, and Genting Hong Kong (S21.SG) given its valuations and improving asset performance. For the second, it likes CapitaMalls Asia (JS8.SG) as Singapore's best play on Asian retail and consumption, Global Logistics Properties (MC0.SG) as China's 12th five-year plan highlighted the logistics sector as a pillar industry, and China Minzhong Food (K2N.SG) as its large-scale vegetables origination and processing business in China is well poised to grow given a burgeoning population and urbanization trend. On the third, it likes Genting Singapore (G13.SG) as it runs a high-traffic casino in Singapore's protected two-player market, which has 25-year concession visibility. On the fourth, it likes Hongkong Land (H78.SG) as it provides the greatest leverage to a recovery in the Hong Kong Central office market, Neptune Orient Lines (N03.SG) on expectations for a rebound in net profit, and ARA Asset Management (D1R.SG) given its track record of growing assets under management and its scalable business model. Macquarie has Outperform ratings on all of these top picks.
25 Jun 2013 08:23 DJ MARKET COMMENT: Singapore Shares Seen Lower; 3050 Support 0023 GMT [Dow Jones] Singapore shares are likely to open lower tracking overnight weakness on Wall Street and in the absence of positive trading cues. The Straits Times Index may continue to see selling pressure in property and commodities, which have been in negative territory over the past few weeks. Traders and analysts say China's credit crunch is likely to weigh on banking stocks. "The muted reaction on Wall Street overnight is unlikely to provide any inspiration to the local bourse this morning," SIAS Research says in a note to clients; says it expects the STI to trend downward with support at 3050 | |
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