1. 20th
August
Y O U R M I N T V I S O R Y Page 1
SGX UPDATES:
The DBS Asian Insights Conference 2013 brought together
many of the region’s top government and business leaders
whose policies and decisions shape and move Asia.
On last Friday evening, CACHE announced the incorporation of
four wholly-owned subsidiaries, including a 100% stake in
Cache Polar Logistics Warehouse (Shanghai) Co., Ltd. While no
further details were given regarding the purpose of these
entities except they are either investment holding or
warehousing and logistics service companies, we are of the
view that CACHE may be looking to acquire a warehouse
facility in Shanghai, China from a third party vendor, possibly
logistics solutions provider Polar Logistics Group.
King Wan’s (KWAN) 1QFY14 was above expectations with
revenue at SGD25.1m. Its net profit of SGD2.6m is equivalent
to half of the core 1.5- cent dividend. We note that the
company’s new development property, Skywoods, should be
launched in 2QFY14. KWAN also issued an update on the status
of the KTIS IPO, which should go live within six months.
The source told the paper that Hong Kong-listed Tencent had
opened an office in Singapore to deal with the listing, which it
had originally planned to hold in Hong Kong.
TOP GAINERS & LOSERS
TOP GAINER % Change
Golden Agri-Resource... +2.94%
Thai Beverage PCL +1.89%
City Developments Lt... +1.14%
Singapore Telecommun... +0.81%
Genting Singapore PL... +0.36%
StarHub Ltd +0.24%
CapitaMalls Asia Ltd 0.00%
United Overseas Bank... -0.23%
Wilmar International... -0.32%
ComfortDelGro Corp L... -1.03%
TOP LOSER % Change
Jardine Strategic Ho... -5.59%
Jardine Matheson Hol... -4.42%
Jardine Cycle & Carr... -2.88%
Noble Group Ltd -2.30%
Global Logistic Prop... -2.21%
CapitaMall Trust -1.75%
DBS Group Holdings L... -1.35%
SIA Engineering Co L... -1.04%
Singapore Airlines L... -0.80%
Oversea-Chinese Bank... -0.57%
Snapshot for Straits Times Index STI (FSSTI)
Open: 3,192.26 Day Range: 3,168.28 - 3,202.10 Year To Date: +2.68%
Previous Close: 3,197.53 52-Week Range: 2,931.60 - 3,464.79 1-Year: +6.81%
2. 20th
August
Y O U R M I N T V I S O R Y Page 2
STOCK RECOMMENDATION:
SELL JARDINE CYCLE AND CARRIAGE BELOW 38.410 TG 38.210, 38.000, 37.700 SL 38.600.
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any
responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up
on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not provide individually
tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies,
and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted
based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all
estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks
recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views
expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of
the information is the acceptance of this disclaimer. All Rights Reserved.
Investment in equity & bullion market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any
financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to
buy or sell any financial instrument. Our
Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information
Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
Give us a missed call at +6531581402 Visit us @ www.epicresearch.co