Singapore Stocks - STI Technical Review for 24 Feb

Market Review for STI: Share prices opened higher with the Straits Times Index up 6.93 points to 3,428.23. Shares were little changed as investors opted to wait for Federal Reserve head Janet Yellen's testimony before Congress tonight. While markets expect the Fed to raise interest rates this year, concerns are mounting that higher borrowing costs might put the US economy at risk at a time when central banks worldwide are easing policy to fight deflation and sluggish growth.

STI Day Performance
Open	3427.56
High	3437.61
Low	3415.91
Close	3437.61
Change(Points)	+16.31
% Change	+0.48%
Volume	1041.3M
Rise	211
Fall	176
Unch	398

Market forecast for STI: We may expect bullish rally of STI in next trading session.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3400	3380	3363	3450	3480	3500

Technical Indicators: RSI is at 55and CCI is at 87.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
COMFORTDELGRO.SG	3	3.81	GOLDEN AGRI-RES.SG	0.41	-2.38
SINGTEL.SG	4.28	2.88	NOBLE.SG	1.06	-2.3
ST ENGINEERING.SG	3.55	2.6	JMH USD.SG	64.39	-1.69
CAPITAMALL TRUST.SG	2.16	1.89	OLAM INTL.SG	2	-1.48
ASCENDAS REIT.SG	2.48	1.64	SIA ENGINEERING.SG	4.21	-1.41

Important Factor for today:-

• Singapore's budget this year focuses more on long-term measures to boost "the supply-side capacity of the economy" and lacks short-term measures to drive consumption, according to Credit Suisse.
• Lower administrative expenses and increased contributions from associates and joint ventures lifted SIIC Environment Holdings' 4Q2014 earnings to RMB65.9 million ($14.5 million) from RMB31.3 million a year earlier.
• A budget focused on building Singapore's future, was how Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam summed up his close to two-and-a-half-hour.
• Singapore shares remained subdued ahead of Federal Reserve Chair Janet Yellen's congressional testimony tonight.
• Singapore's budget is about strengthening the social safety net to help the silver generation and needy. It continues to attempt to create equal opportunities for Singaporeans.
• Proposed tax could encourage the further development of the reits market in Singapore, the incremental demand for office spaces by any new reit listings will be marginal in light of the large office supply.
• Oil prices dipped on worries about oversupply in North America, with Brent futures testing support around US$60 a barrel and US contracts hovering around US$50.50.

SGX: STI Techinccal Analysis Report 23 Feb

Market Review for STI: Share prices opened higher with the Straits Times Index up 16.94 points to 3,452.60. Shares held on to modest gains as investors awaited more developments in Europe, where Greece has until today to provide its creditors with a list of reform measures to secure financing. Trading activity was also subdued ahead of this afternoon's Singapore Budget announcement.

STI Day Performance
Open	3456.21
High	3458.14
Low	3421.30
Close	3421.30
Change(Points)	-14.36
% Change	-0.42%
Volume	1053.2M
Rise	201
Fall	196
Unch	390

Market forecast for STI: We may expect STI will move in the range of 3390 to 3350.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3385	3365	3340	3450	3480	3505

Technical Indicators: RSI is at 55and CCI is at 87.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
OLAM INTL.SG	2.03	1.5	SINGTEL.SG	4.16	-2.8
NOBLE.SG	1.085	1.4	HONGKONGLAND USD.SG	7.63	-2.3
DBS.SG	19.65	1.03	SIA.SG	12	-2.12
JARDINE C&C.SG	43.15	0.94	JMH USD.SG	65.5	-1.5
SGX.SG	8.31	0.73	THAIBEV.SG	0.7	-1.41

Important Factor for today:-

• The consumer price index in January was expected to fall 0.3 per cent from a year ago, according to the median forecast in a Reuter’s poll of economists. Core CPI was seen likely to rise 1.3 per cent year-on-year.
• Airlines (SIA) dropped a position this year and ranked 19th in Fortune magazine's annual list of the 50 most admired companies in the world.
• SINGAPORE inflation eased to -0.4 per cent in January from -0.1 per cent in December, mainly due to a sharp price declines of oil-related items as well as lower food and services inflation.
• Malaysian state fund 1MDB said on Monday that the refinancing of its debt will involve the finance ministry "as relevant and as required" after media reported that the government may inject up to RM3 billion (S$1.12 billion) into the fund.
• Oil rebounded in Asia on Monday as speculators hunted for bargains following a sharp decline last week, but analysts said prices remain weighed by an oversupply.
• Loan growth for the three Singapore banks is expected to be tepid this year, after having increased 5.8% in 2014 following four years of double-digit expansion.

SGX Singapore : Stock Market Technical Report 18 Feb

Market Review for STI: Share prices opened higher with the Straits Times Index up 19.57 points to 3,435.48.Asian stocks rose after US shares climbed to a record amid speculation Greece will reach a resolution with its creditors.
STI Day Performance
Open: 3428.71
High: 3443.50
Low: 3425.89
Close: 3435.66
Change(Points): +19.75
% Change: +0.58%
Volume: 633.6M
Rise: 210
Fall: 120
Unch: 457
Market forecast for STI: We may expect bullish trend in next trading session.

STRAITS TIME LEVELS
Support 1: 3385
Support 2: 3365
Support 3: 3345
Resistance 1: 3450
Resistance 2: 3480
Resistance 3: 3505
Technical Indicators: RSI is at 58and CCI is at 122.
Top  Losers: GOLDEN AGRI-RES, COMFORTDELGRO, OLAM INTL, WILMAR INTL, GLOBAL LOGISTIC
Top  Gainers: CAPITAMALL TRUST, GENTING SING, NOBLE, JARDINE C&C, ASCENDAS REIT
Important Factor for today:-

• Maybank Kim Eng has cut its 2015 GDP growth forecast for Singapore to 2.5% from 3%, saying the city-state is caught in a "tug of war between tailwinds and headwinds
• Malaysia's consumer price index in January rose 1 per cent from a year earlier, its smallest increase since November 2009, reflecting the drop in global oil prices.
• Oil fell for the first time in four days before US government data forecast to show crude inventories increased further last week from a record level.
• Shares in Neptune Orient Lines (NOL) climbed to a high of S$1.065 in today's early trading on the news that it plans to divest its logistics business and it has asked for a trading halt of its shares on the SGX on Tuesday afternoon.
• Sembcorp Industries' fourth quarter net profit grew 7.5 per cent to S$240.62 million, as the group recorded higher contribution from its utilities business in China and the UK.
• Shares in Noble Group gained 4.5 cents or 4.29 per cent to trade at S$1.095 on today morning after the commodity trading firm defended itself against allegations that it used aggressive accounting to mislead investors.

Stock Market Updates for STI Singapore for 17 Feb

Market Review for STI: Share prices opened lower with the Straits Times Index down 8.32 points to 3,418.84.Singapore shares were still mostly lower as investors stayed on the sidelines after an early selloff. With Greece and its creditors still nowhere near a deal to address its funding needs, and amid a shortened trading week for the local market, investors are likely to lie low for the rest of today's session.

STI Day Performance
Open: 3418.40
High: 3420.16
Low: 3409.03
Close: 3413.01
Change(Points): -14.15
% Change: 0.41%
Volume: 874.8M
Rise: 153
Fall: 212
Unch; 422
Market forecast for STI: Less volume in market because of Chinese New Year we may expect bearish trend in next trading session.
STRAITS TIME LEVELS
Support 1: 3380
Support 2: 3360
Support 3: 3340
Resistance 1: 3465
Resistance 2: 3485
Resistance 3: 3500
Technical Indicators: RSI is at 54 and CCI is at 13
Important Factor for today:-

• SINGAPORE'S overall labour productivity contracted by 1.5 per cent in the last quarter of 2014 - the third consecutive quarter of decline, and a worsening from Q3's 0.9 per cent contraction.
• NON-OIL domestic exports (NODX) grew 4.3 per cent year-on-year in January, the third straight monthly increase. The NODX rose 0.8 per cent in November and 2.3 per cent in December
• GFI Group defeated a Singapore lawsuit by a former broker who sued over a six-month non-compete clause that prevented her from moving immediately to a rival in a similar role.
• THE Singapore economy grew a better-than-expected 2.1 per cent year-on-year in the fourth quarter of 2014, the Ministry of Trade and Industry (MTI) said on Tuesday morning, as the manufacturing sector contracted less than initially anticipated.
• Higher revenue and fair-value gains on investment properties lifted CapitaLand's 4Q2014 earnings to $409.4 million from $142.6 million a year earlier.
• Logistics, commodity and engineering group CWT posted a 5 per cent gain in 2014 net profit as a margin squeeze in commodity marketing offset a jump in revenue.

SGX Singapore- Weekly Technical Analysis Outlook

 
 

Weekly wrap of STI: Starting if the week STI was bearish. Asian markets slipped as a strong US jobs report fuelled expectations the Federal Reserve will bring forward an interest rate rise. But more poor Chinese data lifted Shanghai on hopes of renewed easing measures. Official data released which showed China's exports falling more than 3% and imports declining almost 20% in January. Shares sank on heightened concerns over Greece's standoff with its creditors after talks in Brussels between the country's anti-austerity government and euro zone finance ministers failed to achieve any deal. STI opening and closing was not good. Profitable Trading Signals
STRAIT TIMES WEEKLY WRAP
OPEN: 3425.73
HIGH: 3448.96
LOW: 3409.38
CLOSE: 3426.22
CHANGE (In Points): -5.04
% CHANGE: -0.14%
Market Forecast for week ahead: We may expect bearish trend in next week. If STI crosses the level of 3450 then we may expect bullish trend. Oil prices rebounded more than US$1 towards US$56 a barrel on , after a two-day decline, as a weakened dollar and industry spending cuts offset worries of a supply glut.STI has also affected by oil price. Rebound in the oil price good for STI.
Weekly Technical view on STI
Support 1: 3360
Support 2: 3340
Support 3: 3325
Resistance 1: 3450
Resistance 2: 3475
Resistance 3: 3495
Technical Indicators: RSI and CCI both are indicating bullish trend RSI is at 61 and CCI is at 145.
Macroeconomic factors:

• SINGAPORE ranks 10th globally in the inaugural Sustainable Cities Index from Arcadis, a global natural and built asset design and consultancy firm, faring lower than other Asia-Pacific cities such as Hong Kong and Seoul. However, it proves to be greenest in the region, being the only country in Asia-Pacific to emerge in the top 10 of the Planet sub-index.
• Singapore Exchange Ltd, which has been struggling to attract large initial public offerings (IPOs), said it is expanding further into China and appointed its listings chief to a new position as the head of its China business.
• Iraq and Iran joined Saudi Arabia in cutting their March crude prices for Asia to the lowest level in more than a decade, signaling the battle for a share of OPEC's largest market is intensifying.
• THE Singapore Exchange (SGX) has issued a "trade with caution" note on UOL Group, which saw a substantial 6.4 per cent rise in its share price.
• Singapore billionnaire Peter Lim's Rowsley has teamed up with a developer in Vietnam to build and manage a US$550-million ($748-million) mixed development in Yangon, Myanmar, marking the Mainboard-listed company's first property deal outside Malaysia.
• Retail sales in Singapore rose 2.6 per cent in December compared with the previous year but only because sales of cars and other vehicles jumped 41 per cent in the month.
• Singapore's Sembcorp Marine Ltd its net profit in the fourth quarter fell 4.6 per cent, as revenue from rig building activity dropped and as the year-ago quarter was boosted by a tax write-back.
• MEDICAL devices company Biosensors International posted a 33 per cent fall in net profit to US$7.44 million for the third quarter of its fiscal year 2015.
• Singapore's non-oil domestic exports in January likely grew from a year earlier but at a slower pace than the previous month, as the city-state continued to suffer from a sluggish global economy.

STI & KLCI Technical Analysis Outlook 12 Feb

 

  

Market Review for STI: Share prices opened flat with the Straits Times Index down 1.28 points to 3,443.29.

Singapore shares sank on heightened concerns over Greece's standoff with its creditors after talks in Brussels between the country's anti-austerity government and eurozone finance ministers failed to achieve any deal.
Market forecast for STI: Market was dipped down by 25 points.STI will move in the range of 3400 to 3450.
Technical Indicators: RSI is at 56 and CCI is at 59.
Market Review for KLCI: Bursa Malaysia ended on an easier note today, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) down 9.88 points to 1,789.07 despite the better-than-expected 2014 gross domestic product growth.

Malaysia’s economy grew by six per cent last year after recording a 5.8 per cent growth in the fourth quarter, mainly driven by private sector spending.
The key index fluctuated between 1,780.21 and 1,791 throughout the session mostly dragged down by selling in blue-chips led by TNB. Despite the better-than-expected six per cent gross domestic product growth announced by Bank Negara Malaysia today, the local market was on a downtrend due to selling in bluechips.

Market forecast for KLCI: Immediate resistance for KLCI is 1789 which needs to break to be bullish. On interval chart, it is forming double bottom pattern, which anticipate market to be under buying territory. According to the fundamental market may be gloomy till Chinese New Year.
Technical indicators: RSI stood below the center line at 53.327 with its CCI at 10.497. Difference line of MACD performed at 12.997 above its signal line which performed at 12.511.
Important Factor for today:-

• THE Singapore Exchange (SGX) has issued a "trade with caution" note on UOL Group, which saw a substantial 6.4 per cent rise in its share price.
• Singapore billionnaire Peter Lim's Rowsley has teamed up with a developer in Vietnam to build and manage a US$550-million ($748-million) mixed development in Yangon, Myanmar, marking the Mainboard-listed company's first property deal outside Malaysia.
• DBS Group Holdings will mark Singapore's 50th birthday by giving a $1,000 hongbao to each of its 18,000 employees.
• Internet-based investment platform iFAST's fourth quarter net profit plunged 67 per cent over the same period last year, due in part to listing costs and expenditures to support the company's growth.
• International Finance Corp, the World Bank's private-sector financing arm, is investing in China Everbright Water to back the water-treatment company's expansion and help reduce pollution.
• SEMBCORP Industries is expanding its renewable energy business and branching into solar power for the first time.
• Dufu Technology Corp Bhd, which last month denied claims that it was a takeover target, has received a letter alleging that certain senior management had misappropriated funds totalling RM3.9 million.
• Tanjung Offshore Bhd has lodged a police report against two directors who have been suspended from their executive positions following the findings of the company's Independent Committee.
• Kwasa Land Sdn Bhd, has awarded Project R3-2, an 8.79-acre residential development within Kwasa Damansara, to Impiana Land & Development Sdn Bhd.
• Glove manufacturers will see less downward margin pressure in 2015 due to a weaker ringgit arising from the decline in global oil prices, said Supermax Corp Bhd's CEO.
• Fitch Ratings appears to have made up its mind to downgrade Malaysia's sovereign ratings in late May or early June this year unless there are more convincing fiscal measures being introduced from now till May 2015.
• Hibiscus Petroleum Bhd's wholly owned unit, Carnarvon Hibiscus Pty Ltd (CHPL), will begin drilling an exploration well in VIC/P57 offshore Australia in June 2015.
• Tenaga Nasional Bhd's future prospects remain promising despite the new tariff adjustment and three per cent loss in its shares.
• Power firm Malakoff Bhd is expected to launch a long-delayed RM3.59 billion initial public offering as early as this month as it has offered its shares to indigenous investors. Offering shares to bumiputra investors is a government-mandated prerequisite for most companies seeking IPOs.

SGX Singapore : STI Technical Analysis Outlook 11 Feb

Market Review for STI:
Share prices opened higher with the Straits Times Index up 6.11 points to 3,440.35. Asian markets mostly rose in early trade as hopes grew for a breakthrough from crucial meetings at which Greece will try to convince its European creditors to renegotiate terms of its bailout.

STI Day Performance
Open	3439.49
High	3448.96
Low	3431.08
Close	3444.57
Change(Points)	+10.33
% Change	+0.30%
Volume	1051.7M
Rise	174
Fall	223
Unch	394

Market forecast for STI: We may expect STI will be bullish in next trading session.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3384	3360	3340	3460	3480	3500

Technical Indicators: RSI is at 62 and CCI is at 95.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
GLOBAL LOGISTIC.SG	2.58	3.2	CAPITAMALL TRUST.SG	2.14	-1.38
CITYDEV.SG	10.36	1.67	ASCENDAS REIT.SG	2.45	-0.81
COMFORTDELGRO.SG	3.14	1.62	HPH TRUST USD.SG	0.69	-0.72
KEPPEL CORP.SG	8.72	1.4	THAIBEV.SG	0.725	-0.68
SGX.SG	8.2	0.74	WILMAR INTL.SG	3.25	-0.31

Important Factor for today:-

• Lawrence Wong, head of listings at the Singapore Exchange, has been tasked to lead its China business as the bourse operator seeks to expand its international presence.
• Iraq and Iran joined Saudi Arabia in cutting their March crude prices for Asia to the lowest level in more than a decade, signaling the battle for a share of OPEC's largest market is intensifying.
• Singapore Exchange Ltd, which has been struggling to attract large initial public offerings (IPOs), said it is expanding further into China and appointed its listings chief to a new position as the head of its China business.
• Rents of private condominiums finally eked out a small gain last month as more units were leased out, after a losing streak over 11 successive months.
• Singapore reported its first decline in visitor arrivals since the global financial crisis, as a new Chinese law curbed tourists from the mainland while political turmoil in Thailand and aviation disasters damped travel.
• The worst is over for Singapore's retail sector, as far as the supply of space is concerned, and demand from tenants is expected to be healthy.

Technical Analysis FOr STI Singapore 10th Feb

Market Review for STI: Share prices opened flat with the Straits Times Index up 1.02 points to 3,419.04. Shares edged up in cautious trading as growing concerns over the possibility of Greece exiting the eurozone tempered buyer’s expectations. High of the day was marked 3434 and low was 3417. Profitable Trading Signals

STI Day Performance
Open	3417.47
High	3434.79
Low	3417.45
Close	3434.24
Change(Points)	+16.22
% Change	+0.48%
Volume	897.2M
Rise	187
Fall	189
Unch	415

Market forecast for STI: We may expect bullish trend above 3450.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3384	3360	3340	3450	3470	3490

Technical Indicators:RSI is at 61and CCI is at 76.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
COMFORTDELGRO.SG	3.09	5.1	NOBLE.SG	1.155	-1.28
SIA.SG	12.18	2.87	KEPPEL CORP.SG	8.6	-0.92
JMH USD.SG	66.23	2.05	THAIBEV.SG	0.73	-0.68
CAPITALAND.SG	3.57	2	SEMBCORP MARINE.SG	3.02	-0.66
GENTING SING.SG	1.04	1.46	CAPITAMALL TRUST.SG	2.17	-0.46

Important Factor for today:-

• Valuetronics Holdings' earnings for the quarter ended Dec 31 rose 10.3% y-o-y to HK$39.2 million ($6.8 million) on a foreign-exchange gain and higher revenue
• Frozen fish supplier Pacific Andes Resources Development (PARD) posted, today, a 11.7 per cent fall in net profit to HK$128.2 million (S$22.4 million) for the first quarter ended Dec 28, 2014, down from HK$145.2.
• DBS Group Holdings, Singapore's biggest bank, posted a 4.5 per cent rise in core fourth-quarter net profit and notched up record full-year earnings, but missed analysts' estimates due to higher bad debt provisions and lower trading income.
• Brent crude prices steadied near US$58 a barrel on Monday as falling US oil rig counts and signs of healthy US growth offset concerns over the strength of the Chinese economy.
• A measure of Australian business conditions stayed subdued in January as manufacturers reported tough times, though a falling currency helped nudge confidence higher.
• Oil prices advanced further in Asia on Monday as dealers cheered signs of a dip in North American crude production, leading to rise in Asian trade.

SGX Stocks Technical Analysis Report 9 Feb

Market Review for STI: Share prices opened flat with Straits Times Index down 1.00 points to 3,430.36.Most Asian markets slipped as a strong US jobs report fuelled expectations the Federal Reserve will bring forward an interest rate rise. But more poor Chinese data lifted Shanghai on hopes of renewed easing measures. Official data released yesterday showed China's exports falling more than 3% and imports declining almost 20% in January. Profitable Trading Signals

STI Day Performance

Open: 425.73

High: 3434.48

Low: 3416.26

Close: 3418.02

Change(Points): -13.34

% Change: -0.39%

Volume: 983.4M

Rise: 143

Fall: 250

Unch: 395

Market forecast for STI:

We may expect STI will move in the range of 3390 to 3450

STRAITS TIME LEVELS
Support 1: 3384
Support 2: 3360

Support 3: 3340
Resistance 1: 3434
Resistance 2: 3460
Resistance 3: 3480

Technical Indicators:

RSI is at 58 and CCI is at 72.

Top Gainers: NOBLE.SG, THAIBEV.SG, OCBC BANK.SG, JSH USD.SG, DBS.SG

Top Losers: HPH TRUST, USD.SG, GOLDEN AGRI-RES.SG, KEPPEL CORP.SG, SIA.SG, ASCENDAS REIT.SG

Important Factor for today:-

• HONG Kong has overtaken Singapore to be the fifth largest wealth management centre in the world
• The average price of a gallon of gasoline in the United States rose 13 cents in the past two weeks due to a rise in the price of crude oil.
• Hong Kong and New York offer the lowest returns for offices among the world's major markets even as prices increase because of demand for high-quality properties.
• Energy companies may be slow to cut oil production after a 50 per cent price drop because they need to service debt that has risen fourfold since 2003, according to the Bank for International Settlements.
• SINGAPORE ranks 10th globally in the inaugural Sustainable Cities Index from Arcadis, a global natural and built asset design and consultancy firm, faring lower than other Asia-Pacific cities such as Hong Kong and Seoul. However, it proves to be greenest in the region, being the only country in Asia-Pacific to emerge in the top 10 of the Planet sub-index.

Singapore SGX: Technical Analysis for STI 5th Feb

Market Review for STI:
Share prices opened lower with the Straits Times Index down 6.59 points to 3,410.98.Singapore shares pulled back as oil prices plummeted overnight and worries over debt-laden Greece escalated after the European Central Bank said it would stop accepting Greek bonds as collateral for funds. Trading Tips

STI Day Performance
Open	3414.91
High	3415.14
Low	3394.95
Close	3406.58
Change(Points)	-10.99
% Change	-0.32%
Volume	989.4M
Rise	139
Fall	229
Unch	419

Market forecast for STI:
STI will move in the range of 3385 to 3443 if STI cross the level 3343 we may see bullish trend.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3375	3360	3340	3443	3470	3490

Technical Indicators:
RSI is at 57 and CCI is at 55

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
COMFORTDELGRO.SG	0.05	1.71	SEMBCORP MARINE.SG	-0.08	-2.56
CAPITAMALL TRUST.SG	0.03	1.4	SEMBCORP IND.SG	-0.11	-2.52
CAPITALAND.SG	0.03	0.85	GENTING SING.SG	-0.015	-1.4
JSH USD.SG	0.28	0.81	HPH TRUST USD.SG	-0.01	-1.39
JMH USD.SG	0.36	0.56	NOBLE.SG	-0.015	-1.36

Important Factor for today:-

• Singapore sovereign wealth fund GIC has bought a 5 per cent stake in Nielsen NV, a leading provider of TV audience ratings data, for an undisclosed amount.
• The Singapore dollar will slide about 3 per cent versus the US dollar to the lowest since July 2010 after the Monetary Authority of Singapore (MAS) unexpectedly eased monetary policy.
• FIRST Sponsor Limited's net profit in the fourth quarter more than doubled to S$19.3 million, as revenue rose nine-fold, boosted by its sale of properties.
• Oil prices rebounded in Asia Thursday but gains were capped as the euro was hit by fresh concerns over Greece, further hurting demand in the face of an oversupply,
• GROUNDHANDLER SATS' third quarter net profit jumped 25.2 per cent year on year to S$53.7 million, boosted in part by lower costs.
• MAYBANK Kim Eng has Ezion as its top pick in the offshore and marine sector, and is also advising investors to avoid the rigbuilders who are exposed to capital expenditure cuts, namely Sembcorp Marine and Keppel Corp, in the meantime.