COMPANY OVERVIEW: Suntec Real Estate Investment Trust

Suntec Real Estate Investment Trust is a real estate investment fund launched and managed by ARA Trust Management (Suntec) Limited. It invests in the real estate markets of Singapore. The fund invests in real estate and real estate-related assets that are primarily used for retail or office purposes. Suntec Real Estate Investment Trust was formed on November 01, 2004 and is based in Singapore, Singapore.

Price to Earning (PE)	11.64
EARNINGS PER SHARE (SGD)	0.14
SECTOR	Financials
DIVIDEND INDICATED GROSS YIELD	6.13%

  Highlights

• Suntec Real Estate Investment Trust (  has outperformed over the last five plus years. The share price recorded returns of about 152% from 1 Jan 2009 Over the past five financial years, the Real Estate Investment Trust (REIT) has also paid out a total exceeding 50 cents in distributions. By comparison, the capital gain returns of the SPDR STI ETF , a proxy for the Straits Times Indexwas 77% for the same duration.

FINANCIAL VIEW

• The Market Capitalization and positive NAV indicate the overall growth of the company which is increasing year on year.
• Higher PE indicates that the investors are expecting a higher earnings growth.

	FY2012 31/Dec/2012	FY2013 31/Dec/2013	FY2014 31/Dec/2014	LTM Ending 30/Sep/2015
Revenue	308.728	405.76	421.519	413.299
Gross Profit	171.098	280.705	287.476	269.478
Net Income	413.164	364.405	317.4	353.98
Total return after tax	206.728	278.279	269.11	270.507

 Technical Indicators and Recommendation

Technical indicators are supportive for SUNTEC REIT , it has given the breakout of Bollinger middle band with good volume and according to Fibonacci retrenchment tool it has cross 38.2% resistance level so are expecting it will go up to 68.1% i.e. 1.78 for long term. For short term it will go up to higher Bollinger band up to 1.72.

 STOCKS TECHNICAL:

SGX Symbol	T82U	Currency	SGD
Last Done	1.665	Volume(‘000)	5,319
Change	+0.45	% change	0.60%
Day’s Range	1.700-1.720	52 Weeks’ Range	-

COMPANY OVERVIEW: IPS SECUREX HOLDINGS LIMITED

IPS Securex Holdings Limited, provides security products and integrated security solutions and operates through two segments, Security Solutions Business and Maintenance and Leasing Business. It is based in Singapore and operates in Singapore, Vietnam, Brunei, Thailand, Indonesia, and Malaysia and was founded in 1986. This company designs, supplies, installs, tests, commissions, maintains, and leases security products and integrated security solutions to address security requirements, like checkpoint security, law enforcement, and the protection and surveillance of buildings and critical infrastructure, etc. First segment offers homeland security products, including acoustic hailing devices, border security equipment, cargo and personnel scanning systems, CBRNE equipment and solutions, non-lethal countermeasure systems, port security equipment, and vehicle inspection systems, as well as IT solutions, including mobile work-flow systems and avian radar flight safety systems and also provides general security products, such as access control equipment, audio video intercom systems, bio-metric identification systems, electronic car parking systems, CCTV camera solutions, intruder detection systems, PA systems, panic duress systems, and video torchlight equipment and integrated security solutions. 

This segment offers its homeland security products to government bodies and agencies, such as police and other law enforcement agencies; and general security products to commercial entiti es, private consumers, and government bodies and agencies, as well as installed in various buildings, and at critical infrastructure facilities in townships. The second segment provides regular extended and ad-hoc maintenance support services and leasing services for security products and integrated security solutions.

Return on Equity	23.93%
Net Asset Value	SGD 11.675
Market Cap	SGD 137.7 m

	FY2013 31Dec 13	FY2014 31Dec 14	LTM Ending 30 Jun 15
Revenue	9.488	12.446	14.423
Gross Profit	4.025	6.012	7.19
Net Income	1.718	1.114	1.789
EBITDA	1.957	2.73	3.601
Total Assets	4.532	14.102	17.697
Total Liabilities	1.498	5.855	6.022

 FINANCIAL VIEW

• The ratio of asset and liability is increasing as y-o-y figures are considered.
• The net income is continuously increasing, as well as Gross Profit is also increasing.

SGX Symbol	41E	Currency	SGD
Last Done	0.320	Volume(‘000)	1958
Day’s Range	0.280-0.325	52 Weeks’ Range	0.08-0.325

 TECHNICAL INDICATORS:

Daily Chart: If resistance will be broken alongwith increasing volumes above 0.325 in daily chart then it will continue its major uptrend. Also, according to the bollinger band principles, there is a breakout in this counter. RSI is also indicating that its had come in a oversold region and now its time for a rebound. And there will also be a breakout on the O.B.V. Indicator, which has been consolidating from a lot of time.

Weekly Chart: There will be breakout for this counter above 0.325 after a consolidation of 3-4 weeks. Also, if 0.325 will be crossed then there will be a MACD crossover, indicating bullish trend.

S1	S2	R1	R2
0.295	0.270	0.325	0.360

Our VIEW: Overall Trend: Overall trend seems to be positive with some minor corrections, if any.
Short term View: BULLISH above 0.325 with support @ 0.295.

Long term View: BULLISH above 0.360 with support @ 0.325.

Stock Market Singapore: STI Technical Analysis Outlook

STI MARKET REVIEW :

Singapore’s benchmark Straits Times Index (STI) opened 9.95 points or 0.33 per cent lower at 3,042.58 on Wednesday, following a retreat of shares on Wall Street overnight and ended 12.0 points or 0.39% lower to 3040.50. STI came off from its intra-day peak of 3055.81 and low of 3035.76.

Singapore stocks inched lower mid day, as investors awaited a rate-setting decision by the US Federal Reserve. Singapore's dollar will weaken about 2% versus the greenback by the end of the year after the city-state's central bank "slightly" reduced the pace of the currency's gains versus those of its trading partners this month.

LOCAL BOURSE

Singapore is likely to remain "perilously" close to a technical recession in the coming months, citing a slowdown in consumer demand and weak sentiment.
Singapore "narrowly averted" a technical recession in the third quarter, which economists commonly define as two consecutive quarters of decline in gross domestic product.
The revised reading of the third quarter GDP data may even change the scenario to a technical recession.

MARKET FORECAST

STI is expected to consolidate within the range of 3060 - 3025. It has broken its support of 3040 today. It has its next support at 3025 and resistance at 3060. Investors are cautious over the decision to be take in FED meeting to increase the US interest rate this year.

STI COUNTER SPECIFIC NEWS

• Biosensors International Group said on Wednesday it has received an offer from Citic Private Equity Funds Management Co for the proposed amalgamation of the group with its substantial shareholder, CB Medical Holdings.
• Singapore Post has appointed Japan's Shimizu Corporation as the main contractor to undertake the redevelopment and office works at its flagship SingPost Centre for about S$150 million.
• Capitaland Commercial Trust (CCT) on Wednesday reported a 2.4 per cent rise in distribution per unit (DPU) to 2.14 Singapore cents for the third quarter ended Sept 30, 2015, on the back of higher rents.
• OLAM International said on Wednesday it has secured a revolving credit and term-loan facility amounting to US$1 billion, which it will use to refinance debt as well as meet its working capital and general corporate funding needs.

GLOBAL FACTORS AND WORLD INDICES:

• European shares edged higher in early deals on Wednesday, buoyed by a fresh batch of company earnings reports ahead of a Federal Reserve policy decision later in the day.
• Hong Kong shares fell on Wednesday, following mainland China shares lower after a bout of late afternoon profit taking. Hang Seng index ended down 0.8 percent at 22,956.57 points, while the China Enterprises Index lost 1.5 percent to 10,558.47.
• China stocks fell on Wednesday, with a late afternoon bout of profit taking pushing major indexes deep into the red. "The fall today remained propelled by profit-taking after the gains in recent weeks," said Xiao Shijun, an analyst at Guodu Securities in Beijing. "With lots of reforms in the pipeline and official economy-boosting steps taken, the market will remain in a rebounding track in the medium term despite short-term volatility."
• Tokyo stocks ended 0.67 per cent higher on Wednesday as Japan's latest earnings season gets into full swing and investors await the outcome of a Federal Reserve policy meeting.
• South Korean shares edged down on Wednesday as investors adopted a wait-and-see stance ahead of the US Federal Reserve policy decision later in the day. Korea Composite Stock Price Index (KOSPI) ended down 0.1 per cent at 2,042.51 points.
• Australian shares recouped early losses on Wednesday after surprisingly subdued inflation reinforced speculation of more monetary easing and lower bond yields, making stocks a more palatable asset.
• Asian stocks mixed, dollar strengthened against the euro and Australian dollar as traders wait on Federal Reserve commentary.
• Oil prices barely moved in Asia Wednesday as investors waited for a report on US crude inventories and the conclusion of a Federal Reserve policy meeting hoping for an idea about its plans for interest rates.