Snapshot For Straits Times Index STI (FSSTI) Straits Times Index (STI)
Snapshot For Straits Times Index STI (FSSTI) Straits Times Index (STI)
Snapshot For Straits Times Index STI (FSSTI) Straits Times Index (STI)
1.60%
1.40% 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00%
SCI SIE CT KEP GENS CAPL OCBC DBS STE SMM
TOP GAINER Sembcorp Industries ... SIA Engineering Co L... CapitaMall Trust Keppel Corp Ltd Genting Singapore PL... CapitaLand Ltd Oversea-Chinese Bank... DBS Group Holdings L... Singapore Technologi... SembCorp Marine Ltd TOP LOSER Noble Group Ltd Jardine Cycle & Carr... Global Logistic Prop... Golden Agri-Resource... Wilmar International... Singapore Airlines L... Hutchison Port Holdi... CapitaMalls Asia Ltd Singapore Press Hold... Thai Beverage PCL
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% Change +1.35% +1.22% +0.77% +0.76% +0.70% +0.65% +0.59% +0.43% +0.24% +0.22% % Change -1.55% -1.21% -1.05% -0.95% -0.93% -0.68% -0.65% -0.52% -0.24% 0.00%
%Change 1.35% 1.22% 0.77% 0.76% 0.70% 0.65% 0.59% 0.43% 0.24% 0.22%
TOP LOSERS
0.00% -0.20% -0.40% -0.60% -0.80% -1.00% -1.20% -1.40% -1.60% -1.80% NOBL % Change JCNC GLP GGR WIL SIA HPHT CAM SPH THBEV
-1.55
-1.21
-1.05
-0.95
-0.93
-0.68
-0.65
-0.52
-0.24 0.00%
YOUR MINTVISORY
MARKET UPDATES & STOCK RECOMMENDATION Singapore inflation predicted to average 2.8% this year. According to Nomura, inflation was stubbornly high during the 2010-12 period, at an average of 4.2% y-o-y, even as growth slowed from a record high of 14.5% to just 1.3% in 2012. Domestic factors, underpinned by soaring property and private transportation prices, were the key reasons. In response, the MAS introduced a series of successful macro-prudential measures in those areas, which resulted in inflation averaging below 2.0% since April this year. We expect inflation to average 2.8% this year, which is well below the 4.2% high mentioned above. This is mainly because we do not expect the macro-prudential measures to be lifted any time soon. According to CIMB, DBU LDR crossed the 100% mark in Jul, which means that the system is relatively stretched. While there is still excess S$ liquidity (S$ LDR was 79.0% in Aug), the rising S$ LDR means that funding pressure may show up in future if this trend continues. The main cause of this is the falling S$ deposits as investors seek higher returns elsewhere in a low interest rate environment. System loan growth looks set to reach +12-14% by end-2013. JARDINE CYCLE
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