SGX Stock Recommendations

MARKET UPDATES :
Singapore REITs – Better prepared for volatility ahead 4102 ‏‬has been a relatively solid  year for the S-REITs sector. The FTSE ST REITs Index (FSTREI) has shown an appreciation of 7.8% YTD, outperforming the STI’s 2.4% increase during the same period. Operationally, we note that most REITs under OIR’s coverage have managed to report decent financial results for 9MCY14. Overall NPI, distributable income and DPU growth came in at 7.6%, 6.5% and 2.2%, respectively. From a regulatory standpoint, MAS released a consultation paper in Oct with proposals aimed at fostering stronger corporate governance practices, better aligning the interests of REIT managers and unitholders, as well as to provide REITs with more operational flexibility.

STOCK RECOMMENDATION :
BUY NOBLE GROUP ABOVE 1.080 TARGET 1.120 1.280 SL 1.040

Asian Market Update

Asian markets rose in thin trade Monday ahead of the festive season, tracking cues from Wall Street where stocks surged in a Federal Reserve-fuelled "Santa Claus rally" last week.

Sydney surged 1.49 per cent, Hong Kong gained 1.18 per cent, Shanghai climbed 1.26 per cent and Seoul added 0.28 per cent.

Tokyo was flat by the break after the Bank of Japan gave a more upbeat view of the world's number three economy on Friday, saying exports were showing signs of picking up while factory output has started to "bottom out".

Trading is expected to be thin this week at the start of the holiday season, with many traders away for Christmas and New Year celebrations.

SGX Singapore Opening Market Update

SINGAPORE share prices opened higher on Monday with the Straits Times Index up 19.37 points to 3,298.90.

Volume was 36.0 million shares worth S$33.0 million.

Gainers outnumbered losers 73 to 32.