SGX Stock Recommendations

MARKET UPDATES :
Cache Logistics Trust (Cache) has proposed the renewal of the master lease at CWT Commodity Hub from April 2015. This is the first renewal since Cache’s listing in 2010. Reversion of 0.4% is c.6% below our net rental income estimate, but could be 10-15% below consensus.

STOCK RECOMMENDATION :

• SELL SIA ENGINEERING BELOW 4.000 TARGET 3.970 3.930 SL 4.050

Current Market Update

Tokyo (Nikkei Average) dpwm 1% 
Hong Kong (Hang Seng Index) down 1% 
Shanghai (Shanghai Composite Index) down 0.8% (at break) 
Sydney (S&P/ASX 200) down 0.4% 
Seoul (Kospi) down 0.5% 
Mumbai (Sensex) down 0.5% 
Taipei (Taiex) down 0.5%

SGX Singapore Opening Market Update

SINGAPORE share prices opened lower on Monday with the Straits Times Index down 16.7 points to 3,307.43.

Volume was 51.3 million shares worth S$63.3 million.

Losers outnumbered gainers 110 to 33.