21 April 2016

Rex and Ezra

Oil shot up to US$44 last night after positive oil inventories, and positive US home sales. Thus Dow and SnP came to an approximate high of 18,100 and 2100 respectively.

For short term trades:

Watch for oil related counters for the next 3 days.

Rex
Ezra.


Lastl, I will be on leave tml and back on Monday.





KEY HIGHLIGHTS

Results        

CapitaLand (CAPL SP/BUY/S$$3.21/Target: S$4.08)


1Q16: China momentum cushions Singapore slowdown.

At A Glance
Corporate

Manulife: Reit's IPO in Singapore back on track.

SGX: 3QFY16 profit inches up to S$89.2m; revenue up 3%.

SMRT: SMRT, Dutch firm to showcase automated vehicle in Singapore.


Sector

Property: Shops and shophouses overtake residential units in auctions.

Transportation: Four global shipping giants form alliance.

Transportation: COE premiums for passenger cars go up.

Economics

Economy: Singapore dollar rallies, interest rates fall on US dollar weakness.


Click on the link for details.

https://research.uobkayhian.com/content_download.jsp?id=33611&h=a776d3cf1b33e6e4a43d00a11c2fa783



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