Investment & Trading

STI Day Performance
Open	3220.13
High	3232.64
Low	3200.63
Close	3227.23
Change(Points)	+12.14
% Change	+0.38%
Volume	1208.5M
Rise	174
Fall	192
Unch	829

STI LEVELS
S 1	S 2	S 3	R 1	R 2	R 3
3210	3200	3190	3240	3250	3260

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
SEMBCORP MARINE.SG	3.16	9.34	GOLDEN AGRI-RES.SG	0.425	-4.49
KEPPEL CORP.SG	8.22	3.01	SIA.SG	11.31	-2.42
SGX.SG	7.54	2.03	CAPITALAND.SG	3.1	-1.27
OLAM INTL.SG	1.98	1.54	SIA ENGINEERING.SG	3.92	-1.01
SEMBCORP IND.SG	4.16	1.46	WILMAR INTL.SG	3.11	-0.64

• Singapore's non-oil domestic exports (NODX) grew 1.6 per cent in November from a year earlier, as a jump in pharmaceuticals exports outweighed the fall in electronic shipments, figures by trade agency IE Singapore showed on Wednesday.
• Market cap of 23 Offshore Marine firms falls 15.7% in a month amid oil rout .Offshore support services firms listed in Singapore have seen their returns decline by more than one-tenth over the year, in line with falling oil prices, with some of the larger companies among these losing more than half of their returns during the same period.
• Buoyed perhaps by their year-end bonuses and the holiday season, Singapore consumers ended 2014 slightly more optimistic about their finances and the economy
• Asian markets edged up on Wednesday on bargain-hunting, although gains were limited following more losses on Wall Street, while investors await the outcome of a Federal Reserve policy meeting.
• Supplies of western-origin fuel oil into Asia in January could hit its highest in nine months, as multi-year low crude prices fuel higher production of oil products in Europe and the America.
• The Competition Commission of Singapore (CCS) is seeking feedback on the proposed joint venture between the Boeing Company and SIA Engineering Company in Singapore.

STI Day Performance
Open	3278.08
High	3282.86
Low	3272.23
Close	3279.64
Change(Points)	-0.53
% Change	-0.02
Volume	2007.8M
Rise	235
Fall	161
Unch	385

Market forecast for STI:
STI formed a green candle for the day and the index closed lower than the previous day close .The index is in uptrend but still the minor movements may be in downtrend. It is expected to move in a downtrend 3260-3280.
Technical indicators:
RSI is above the centre line @55.37, where CCI @31.29
Important Factor for today:-

• CAPITALAND hold more than 90% of the issued shares of CapitaMalls Asia .CMA shares will not be traded anymore on stock exchange .The application has been submitted by CapitaLand for the delisting of CMA.
• SGX seeks a proposal to ease a secondary listing for the companies to make it easier. It will no longer impose additional continuing listing obligations.
• There has been no material development in STATS ChipPAC since May 16, its announcement date. The interest is shown by the other parties to acquire all the shares in the company.

Top Gainers			Top Loosers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Olam Intl	2.33	1.75	CapitaMall Trust	1.99	-2.45
ComfortDelGro	2.42	0.83	HongkongLand USD	6.83	-2.43
SIA Engineering	5.01	0.81	JMH 400 USD	59.88	-2.41
HPH Trust USD	0.74	0.68	JSH 500 USD	35.6	-1.77
OCBC Bank	9.75	0.52	Golden Agri-Res	0.56	-1.75

KLCI Day Performance
Open	1869.98
High	1870.6
Low	1863.11
Close	1869
Change(Points)	+3.800
% Change	+0.20
Volume	1494.2M
Rise	380
Fall	361
Unch	875

Market forecast for KLCI:
The KLCI is performing average and is moving in a price range of 1860-1880 .It is expected that it will be in a same range.
Technical indicators:
RSI is just below the centre line@50.75 where the CCI is performing at -53.96.

Top Gainers			Top Loosers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
MISC	6.1	1.5	GENTING	9.83	-1.7
ASTRO	3.46	0.29	IOICORP	5.11	-1.54
PETGAS	24.06	0.25	YTL	1.61	-1.23
KLK	24.24	0.17	TENAGA	11.98	-1.16
RHBCAP	8.38	-0.12	IOIPG	2.5	-0.79

STI Day Performance
Open	3304.06
High	3304.19
Low	3292.03
Close	3296.4
Change(Points)	-5.840
% Change	-0.18%
Volume	1377.1M
Rise	179
Fall	219
Unch	385

Market forecast for STI:
STI formed a red candle for the day with a real body and a long lower shadow . This is a stick pattern .The overall trend of the market is uptrend so it is expected that STI is will move in trend .Though today it performed low but is expected to move with the major trend which is up.
Technical indicators:
CCI is @125.89 and RSI is @62.16

STI LEVELS
Support 1	3285
Support 2	3275
Support 3	3260
Resistance 1	3305
Resistance 2	3315
Resistance 3	3330

Important Factor for today:-

• The board of directors from Oxley Holding proposed to split every two ordinary shares into three shares .This split will increase the market liquidity of the shares and broaden its shareholder base.The company has 2.98 billion issued shares, if proposal accepted then will have 4.42 billion shares .
• YuuZoo, a Singapore e-commerce firm , plans to go public through a S$490.9 million reverse takeover of W corporation ltd.
• The Singapore Minister for Trade and Industry Lim Hng Kiang said ,the infrastructure need to enhance the financing ecosystem's ability to match projects with available capital .
• China's factory sector performed best due to the improvement in export orders ,it may be a sign of economic stability.

Top Gainers			Top Loosers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
ComfortDelGro	2.4	3	Sembcorp Ind	5.38	-1.28
Noble	1.425	1.79	Wilmar Intl	3.2	-1.24
SPH	4.19	0.48	CapitaMall Trust	2.04	-0.97
DBS	16.98	0.35	ThaiBev	0.635	-0.78
CapitaLand	3.2	0.31	CityDev	10.35	-0.77

KLCI Day Performance
Open	1866.37
High	1872.55
Low	1866.37
Close	1872.55
Change(Points)	+8.3
% Change	+0.44
Volume	1470.8M
Rise	176
Fall	232
Unch	375

Market forecast for KLCI:
The KLCI formed a green candle for the day with no shadows and only a real body.The price movement for the next day may be expected to be in a price range of 1860-1890.

KLCI LEVELS
Support 1	1865
Support 2	1855
Support 3	1845
Resistance 1	1880
Resistance 2	1890
Resistance 3	1900

Technical indicators:
The CCI is marked @-15.575 and RSI is @53.153

Top Gainers			Top Loosers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
IOICORP	5.19	4.43	MISC	6.01	-2.12
HLFG	15.82	1.93	SKPETRO	4.07	-1.45
ASTRO	3.45	1.47	PBBANK	21.06	-0.38
AXIATA	6.9	1.47	IHH	4.16	-0.24
GENTING	10	1.01	UMW	10.78	-0.19

COMMODITY	S1	S2	R1	R2
GOLD	1285	1275	1300	1314
SILVER	19.20	18.50	19.80	20.50
CRUDE	99.20	98.50	100.70	101.50

• As China is the biggest economy for the Industrial Production so Chinese data can have a broad impact on the currency markets due to China's influence on the global economy and investor sentiment.
• Australia is about to release the Annual Budget that will be including expected spending and income levels, borrowing levels, financial objectives, and planned investments.
• European Union foreign ministers indicated any disruption of elections in Ukraine on May 25 could trigger new economic sanctions against Russia.

Time	Currency	Particular	Impact	Actual	Forecast	Previous
4:15am	NZD	FPI m/m		0.60%		-0.30%
4:31am	GBP	BRC Retail Sales Monitor y/y		4.20%		-1.70%
5:20am	JPY	M2 Money Stock y/y		3.40%	3.40%	3.60%
7:00am	AUD	HPI q/q		1.70%	3.00%	3.80%
	AUD	Home Loans m/m		-0.90%	-0.10%	2.30%
9:15am	JPY	30-y Bond Auction		1.71|4.6		1.70|2.9
11:00am	CNY	Industrial Production y/y	HIGH		8.90%	8.80%
	CNY	Fixed Asset Investment ytd/y			17.70%	17.60%
	CNY	Retail Sales y/y			12.20%	12.20%
11:30am	EUR	German WPI m/m			0.10%	0.00%
1:40pm	GBP	MPC Member Cunliffe Speaks
2:30pm	EUR	German ZEW Economic Sentiment	HIGH		41.3	43.2
	EUR	ZEW Economic Sentiment			63.5	61.2
Tentative	AUD	Annual Budget Release	HIGH
5:00pm	USD	NFIB Small Business Index			94.6	93.4
6:00pm	USD	Core Retail Sales m/m	HIGH		0.60%	0.70%
	USD	Retail Sales m/m	HIGH		0.50%	1.20%
	USD	Import Prices m/m			0.40%	0.60%
7:30pm	USD	Business Inventories m/m			0.40%	0.40%
8:00pm	CAD	BOC Review

Market Review for STI:

STI Day Performance
Open	3249.35
High	3267.83
Low	3248.62
Close	3264.71
Change(Points)	26.97
% Change	0.83
Volume	1651.6M
Rise	190
Fall	198
Unch	688

STI LEVELS
Support 1	3255
Support 2	3244
Support 3	3230
Resistance 1	3275
Resistance 2	3288
Resistance 3	3299

• Important Factor for today:-
• New housing loan applications down by 45% on YOY basis.
• Mapletree will acquire 49% stake in Oakwood Asia Pacific in a joint venture to target and acquire service apartment business in Asia.
• Data for unemployment published for 1Q2014 with a rise of 2.1 % in unemployment rate where it was 1.8% in Dec2013.
• Bank lending in Singapore grew a bit faster by 0.6% in march as total loans grew to S$ 587.7 billion in March.
• 11% of gain posted by Yangzijiang Shipbuilding for 1Q2014 whereas net profit attributable to shareholder rose to 799.2million Yuan, as revenue grew 24% to 3.6 billion Yuan.

Top Gainers			Top Loosers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Noble	1.285	3.21	CityDev	10.83	-2.17
UOB	21.76	2.74	JSH 500 USD	35.7	-1.11
Global Logistic	2.85	2.52	SIA Engineering	4.79	-0.83
OCBC Bank	9.65	1.9	ST Engineering	3.82	-0.78
Golden Agri-Res	0.61	1.67	Sembcorp Ind	5.37	-0.56

KLCI Day Performance
Open	1859.32
High	1871.52
Low	1857.07
Close	1871.52
Change(Points)	12.18
% Change	0.66
Volume	1506.8M
Rise	362
Fall	419
Unch	1380

KLCI LEVELS
Support 1	1850
Support 2	1835
Support 3	1880
Resistance 1	1890
Resistance 2	1905
Resistance 3	1850

Top Gainers			Top Loosers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
ASTRO	3.33	4.06	PCHEM	6.73	-1.03
DIGI	5.54	2.78	SKPETRO	4.31	-0.46
TM	6.2	2.48	IOIPG	2.68	-0.37
IOICORP	5	2.46	UMW	10.76	-0.37
MAYBANK	9.9	1.85	GENTING	9.8	-0.3

S 1	S 2	S 3	R 1	R 2	R 3
3250	3230	3200	3280	3300	3330

• Singapore consumer price or inflation rose by 1.2% in March, where food inflation rose by 2.9% & health care inflation by 3.4%
• A fall of 22% reported in net profit of Singapore Exchange a net profit of S$ 75.8 million was reported
• Gerard Ee elected as a President of Institute of Singapore Chartered Accountants.
• CapitaMall Asia made a jump of 2.8% to S$75.3 million in Net Profit for 1Q 2014.
• RH Perto Gas Investments proposed sale of 49% Stake in RHP for US $ 2.79Million
• Shares in Catalist listed SHC Capital Asia surged on Monday that it is discussing a sale of its core insurance business

STRAIT TIMES WEEKLY WRAP
OPEN	3260.78
HIGH	3284.70
LOW	3250.09
CLOSE	3267.57
CHANGE (In Points)	13.77
% CHANGE	0.42 %

S 1	S 2	S 3	R 1	R 2	R 3
1845	1825	1800	1875	1890	1915

KLCI WEEKLY WRAP
OPEN	1851.61
HIGH	1870.89
LOW	1849.68
CLOSE	1860.98
CHANGE (In Points)	8.29
% CHANGE	0.44 %

STI Day Performance				Open	3258.56
High	3277.53	% Change	0.67%	Close	3277.53
Low	3255.64	Volume	2063.7M	Fall	122
Change(Points)	21.70	Rise	296	Unch	654

STRAITS TIME LEVELS
Support 1	3267
Support 2	3255
Support 3	3240
Resistance 1	3288
Resistance 2	3307
Resistance 3	3320

Technical indicators:
RSI is above the centre line @75.36 is about to move in overbought level. Where CCI is @ 149.49.
Important Factor for today:-

• Mapletree Logistics Trust posted 1.89 Sg Cents for its Q4DPU
• Ascendas Reit posted 3.5 Sg Cents for its Q4 DPU where the distributable income was 85.3 Million
• Gerard Ee elected as a President of Institute of Singapore Chartered Accountants.

Market Review for KLCI:
A short green candle was formed for the day where KLCI opened at 1862.90 and made a high of 1866.42 and gave the same closing with a low of 1816.90

KLCI Day Performance				Open	1862.90
High	1866.42	% Change	0.19%	Close	1866.42
Low	1861.90	Volume	2609 M	Fall	404
Change(Points)	3.49	Rise	455	Unch	1289

Market forecast for KLCI:
After taking a long up move yesterday KLCI maintain itself above the support level of 1850 and now is in an uptrend as a green candle with a little lower shadow was formed for the day. By observing the last three trading session KLCI is now in an uptrend and buyers are more interested now.
Technical indicators:
RSI is above the centre line @64.26 else CCI is @175.54