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Snapshot For Straits Times Index STI (FSSTI) Straits Times Index (STI)

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DAILY REPORT 08th OCTOBER

Snapshot for Straits Times Index STI (FSSTI)


Open Previous Close Year To Date 1-Year Day Range 52-Week Range 3,146.05 3,138.08 +1.84% +4.20% 3,132.64 3,147.48 2,931.60 - 3,464.79

Straits Times Index (STI)

TOP GAINERS & LOSERS


TOP GAINERS

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

DAILY REPORT 08th OCTOBER

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

SELL JARDINE CYCLE BELOW 34.000 TG 33.800, 33.550, 33.200 SL 34.250

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YOUR MINTVISORY

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