SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Gold prices seesawed between gains and losses in early Asia on Friday in the wake of the European Central Bank’s quantitative easing with the focus now on a gauge of China manufacturing activity.Ahead is the the HSBC China flash manufacturing PMI, which is closely tracked by the market, could be a key event for risk sentiment.This is due at 0945 local time (0145 GMT). There’s not much chance of a significant improvement in the headline reading over December’s fall to a seven-month low of 49.6.

TRADING STRATEGY :
BUY GOLD ABOVE 1307 TARGET 1312 1318 SL 1301
SELL GOLD BELOW 1293 TARGET 1288 1282 SL 1299

SGX IForex Recommendations

TRADING TIPS :

GBP/USDhit 1.5173 during European morning trade, the session high; the pair subsequently consolidated at 1.5169, adding 0.17%.Investors were waiting to see if the ECB would embark on a large scale quantitative easing program later in the day.Earlier Thursday, the Office for National Statistics said that U.K. public sector net borrowing rose to £12.47 billion last month from a revised £11.73 billion in November, whose figure was revised from a previously estimated £13.41 billion.Analysts had expected public sector net borrowing to decline to £9.7 billion in December. The pound had weakened on Wednesday after the minutes of the Bank of England’s January policy meeting showed that members voted unanimously to keep the asset puschase facility program on hold.

INTRADAY OUTLOOK

Support: 1.5120

Resistance: 1.5201

RECOMMENDATION:

1. Buy GBP/USD Above 1.5203-TG: 1.5223/1.5253 SL 1.5173

2. Sell GBP/USD Below 1.5118-TG: 1.5098/1.5068 SL 1.5148

INTRADAY OUTLOOK

Immediate Support: 1.1614

Immediate Resistance: 1.1678

RECOMMENDATION:

1. Buy EUR/USD Above -1.1680 TG: 1.1700/1.1730 SL 1.1650

2. Sell EUR/USD Below -1.1612 TG:1.1592/1.1562 SL 1.1642

SGX Stock Recommendations

MARKET UPDATES :

• SINGAPORE shares end higher on Thursday.The Straits Times Index gained 15.83 points to 3,370.29.Some 1.65 billion shares, valued at S$1.29 billion were traded. Gainers numbered 295 while losers numbered 146.

• Singapore Exchange Ltd, Southeast Asia’s biggest bourse, plans to start trading Chinese equity-index options as investors seek ways to hedge risks in the world’s most volatile stock market.SGX is in talks with the China Securities Regulatory Commission on when the Singapore bourse can introduce options on the FTSE China A50 Index, with approval likely to come after such products are introduced on the mainland, President Muthukrishnan Ramaswami said in an interview. Volume on China A50 futures traded in Singapore surged 183 per cent in the three months ended Dec. 31.

• Singapore companies have continued to feature among the 100 most sustainable corporations of the world.Keppel Land, StarHub, City Developments (CDL) and CapitaLand are on the Global 100 Most Sustainable Corporations list announced at the World Economic Forum in Davos, Switzerland on Thursday.The list is recognised as the top standard in corporate sustainability. Keppel Land raced up the rankings, moving from 17th position last year to fourth this year, making it Asia’s most sustainable firm and the top-ranked real estate company globally.

• Keppel Corporation posted on Thursday a 6.1 per cent increase in fourth-quarter net profit to S$725.9 million on the back of revenue that climbed 9.1 per cent to S$3.93 billion.Keppel also declared a final cash dividend of 36 Singapore cents per share, up from a final dividend of 30 cents per share in 2013.For the full year, Keppel’s net profit was up 2.1 per cent to S$1.88 billion. Revenue for the same period rose 7.3 per cent to S$13.28 billion.Net profit from the offshore and marine business – which accounts for 55 per cent of the group’s bottom line – stood at S$1.04 billion, 10 per cent higher than in the previous year, buoyed by better operating results and higher interest income.

• JTC Corporation on Thursday released revised industrial property price and rental indices when it announced its fourth-quarter industrial statistics. These new indices come with an expanded coverage and improved methodology. For instance, more sub-indices will be made available to show price and rental movements based on property attributes such as property type, planning region, land-use zoning and remaining tenure.The indices will also expand their coverage to include single-user factories and business parks which they didn’t use to before. They will also cover transactions island-wide, as opposed to only tracking those in the central region formerly.

• FRASERS Commercial Trust on Thursday reported a 22 per cent increase in distributable income from a year ago to S$16.7 million for the financial quarter ended Dec 31, 2014, as it reaped the first full quarter of contribution from Alexandra Technopark following the expiry of the master lease last August.This translated to a 20 per cent year-on- year growth in distribution per unit (DPU) to 2.46 Singapore cents for the commercial real estate investment trust (Reit).