SGstocksandshares (SGSAS): UOBKH: Singapore Daily: Monday, September 28, 2015 [SG Offshore & Marine]

28 September 2015

UOBKH: Singapore Daily: Monday, September 28, 2015 [SG Offshore & Marine]

The Straits Times index fell 0.31% or 8.83pts to 2836.91 (day range: 2841.89 - 2816.76) on Friday. The index is below its 20d MA (@ 2885) and below its 50d MA (@ 3062). 27% of the index constituents are above their 20D MA (vs 30% the previous session) and 10% of the shares are above their 50D MA (vs 10%). Technically, the index keeps approaching the first downside target at 2800 while being capped by the descending 20-day MA. Meanwhile the daily RSI remains in the selling area between 50 and 30 and is capped by a declining trend line. The ST outlook continues to be bearish. Once breaking below 2800, the index is expected to decline further to 2700.

KEY HIGHLIGHTS

Sector

Offshore & Marine

A long march.

At A Glance
Corporate

Frasers Hospitality: Goes global on hotel residences.

HLH Group: Bringing HDB-style homes to Cambodia.

Rickmers Maritime: New CEO aims to get Rickmers Maritime ship-shape.

Sector

Property: Weak A$ drawing more S'pore interest in hotel assets Down Under.

Property: High-end home sales get boost as buyers find reasons to bite.

Property: GCB site in Cluny Hill area sold for S$21.52m.

Telecommunications: MyRepublic secures S$23m capital funding.

Economics

Economy: August fall in manufacturing output stokes recession fears.

Click on the link for details.

https://research.uobkayhian.com/content_download.jsp?id=30439&h=eb3c354696f801f7b263d6175fb8b7b6

This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.