morning note phillip securities research pte...
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MCI (P) 129/11/2012 Ref No: SGMN2013_0163 1 of 16
Morning Note
Phillip Securities Research Pte Ltd Singapore
27 August 2013
Weekly Market Outlook Webinar
Webinar videos can be accessed via UniPhillip website - http://www.uniphillip.com/ => Education Programs => Phillip Securities Research Webinars
Source: Phillip Securities Research Pte Ltd
Company Results
S/N Company Name Q/HY/FY Currency,
Units
Revenue Net Profit
Current Previous Change
(%) Current Previous
Change (%)
1 HAI LECK HOLDINGS LIMITED
FY S$'000 143,074 88,258 62.1 13,993 3,873 261.3
2 CORDLIFE GROUP LIMITED
FY S$'000 34,702 30,275 14.6 13,484 6,926 94.7
3 LOGISTICS HOLDINGS LIMITED
FY S$'000 103,410 64,082 61.4 5,238 5,117 2.4
4 ONGCHEER HOLDINGS LIMITED
FY RMB’000 3,945,945 2,329,385 69 59,638 (94,793) N.M.
5 RYOBI KISO HOLDINGS LTD.
FY S$'000 155,214 153,319 1.2 1,227 3,229 (62.0)
6 SILVERLAKE AXIS LTD
FY RM 398,575,2
55 400,016,8
87 (0)
196,419,877
165,760,722
18
7 KOON HOLDINGS LIMITED
FY S$'000 126,352 89,546 41.1 (10,991) 651 N.M.
8 SPINDEX INDUSTRIES LIMITED
FY S$'000 92,573 87,995 5.2 7,022 7,166 (2)
9 CIVMEC LIMITED FY S$’000 79,449 113,564 (30.0) (3,883) 8,032 N.M.
10 F J BENJAMIN HOLDINGS LTD
FY S$'000 373,403 393,237 (5) 4,447 13,898 (68)
11 TIONG WOON CORP HOLDING LTD
FY S$'000 200,528 147,979 36 17,611 (4,847) N.M.
Source: SGX Masnet
Morning Note 27 August 2013
2 of 15
Company Highlights
Japan Foods Holding Ltd. announced that the Company has today subscribed for an additional 100,000 new ordinary shares in the capital
of its wholly-owned subsidiary, Bachmann Japanese Restaurant Pte Ltd (“BJR”), for a total consideration of S$100,000 (“Subscription”). The Subscription increased the paid-up share capital of BJR from S$500,000 to S$600,000. The Subscription is funded through internal resources and is not expected to have any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of the Company and its subsidiaries for the current financial year ending 31 March 2014. (Closing price: S$ 0.790, +1.282%) Jaya Holdings announced it has signed a contract to charter its new build DP2 Platform Supply Vessel (PSV) “Jaya Vigilant” for a long term
operation in the Indian Ocean, offshore Mozambique. The two year contract, which includes charterer’s options has a value of more than US$20 million. Jaya Vigilant, designed as a large PSV, is now being upgraded with additional equipment required for the charter’s work scope prior to delivery from Jaya’s own yard in Batam, Indonesia at the end of September 2013. (Closing price: S$ 0.610, -%) Miyoshi Precision Limited announced that its 53.16% owned subsidiary, Giken Sakata (S) Limited (“Giken”), had today announced a
proposed placement of up to 55,234,000 new ordinary shares in the capital of Giken (“New Giken Shares”) pursuant to a placement agreement with DMG & Partners Securities Pte Ltd (“Proposed Placement”) and 76,275,000 New Giken Shares pursuant to a subscription agreement with Roots Capital Asia Limited (“Proposed Subscription”) dated 23 August 2013. (Closing price: S$ 0.056, -3.448%) Source: SGX Masnet, The Business Times
Morning Note 27 August 2013
3 of 15
Morning Commentary
STI: -0.14% to 3084.4 KLCI: +0.08% to 1722.5 JCI: -1.18% to 4120.7 SET: -0.67% to 1329.2 HSI: +0.65% to 22005 HSCEI: +1.44% to 10075.1 Nikkei: -0.18% to 13636 ASX200: +0.24% to 5135.4 Nifty: +0.09% to 5476.5 S&P500: -0.40% to 1656.8 MARKET OUTLOOK:
Two forward looking indicators have declined in the US – first new home sales, then non-defense capital goods excluding aircraft. 3q13 GDP is not off to a good start which now raises concern for our thesis of a stronger 2H13 recovery. The S&P500 reacted negatively to this data point so continue to stay cautious as this selloff is still working itself out. For the market outlook for the week, please go to www.uniphillip.com > education programs > Phillip Securities Research webinar. This week’s webinar also gives an update on the Offshore & Marine sector. (PhillipCFDs and ETFs for trading the market outlook can be found in the webinar slides above or the Global Macro report below. PhillipUT Wrap Account offers tactical asset allocation of unit trusts without front loading sales charge.) SECTOR/STRATEGY REPORTS:
- Sector Reports: Banking, 8 Jul / Telecommunications, 5 June / Commodities, 29 May / Offshore & Marine, 26 Aug - Country Strategy: China & HK 5 July / S’pore, 18 Jun / Thai, 17 Jun - Global Macro, Asset Strategy: 8 Jul, Update Source: Phillip Securities Research Pte Ltd
Macro Data
Singapore’s manufacturing output increased 2.7% y/y in July 2013. In contrast, on a seasonally adjusted month-on-month basis, output
contracted 1.9%. According to Economic Development Board, manufacturers produced more electronics and transport engineering companies increased output in July 2013 as compared to a year ago. Electronics output rose 3.5% y/y, buoyed by higher export demand in the other electronic modules & components, computer peripherals and semiconductors segments. On the other hand, transport engineering cluster increased 13.9% y/y, due to the higher contributions from rig building and ship conversion projects, as well as more repair and maintenance jobs from commercial airlines. Thailand’s trade deficit widened to $2.28 billion in July from $1.91 billion in the previous month, the Ministry of Commerce said. Exports
contracted 1.48% from a year earlier while imports swelled by 1.08%. The Ministry of Commerce has acknowledged that Thailand’s exports continue to be affected by slow global growth and that Commerce Minister Niwatthumrong Boonsongpaisan will hold a meeting with Thai trade representatives early next month to discuss measures against the falling trade. "Although many agencies predict lower-than-target export growth this year, the ministry has not yet lowered its target of 7-7.5 per cent in order to encourage all involved sectors to keep trying hard," Ministry Permanent Secretary Vatchari Vimooktayon said at media briefing. She said the ministry would encourage exporters to emphasise emerging markets and Asean. US Durable goods orders dropped 7.3 percent, from an increase of 3.9 percent in June, as demand for goods ranging from aircraft to
computers and defense equipment fell. That was the biggest decline since last August and snapped three consecutive months of gains. Economists expected durable goods orders to fall 4.0 percent. Source: Phillip Securities Research Pte Ltd
Morning Note 27 August 2013
4 of 15
Source: Bloomberg
STI - Index Members
7.6
%
3.6
%
1.7
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1.0
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0.8
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0.8
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0.7
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0.5
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0.4
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0.4
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0.3
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0.0
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0.0
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-0.3
%
-0.3
%
-0.3
%
-0.4
%
-0.5
%
-1.0
%
-1.0
%
-1.3
%
-1.3
%
-1.3
%
-1.4
%
-1.5
%
-1.6
%
-2.1
%
-2.4
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-2.4
%
-4%
-2%
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6%
8%
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Morning Note 27 August 2013
5 of 15
81.35 -0.07% 292.87 +0.72%
110.59 +0.61% 2.791 +0.01%
1,404.70 -0.09% 14,946.46 -0.43%
506.12 +0.44% Straits Times Index 3,084.41 -0.14%
22,005.32 +0.65% 13,636.28 -0.18%
Source: Bloomberg
Gold (US$/Oz) DJI
MSCI Asia x-Japan
Hang Seng Index Nikkei 225 Index
Dollar Index ThomReuters/JefferiesCRB
Crude oil, Brent (US$/bbl) US Treasury 10yr Yield
1.201.401.601.802.002.202.402.602.803.00
Au
g-1
2
Se
p-1
2
Oct-1
2
Nov-1
2
Dec-1
2
Jan
-13
Fe
b-1
3
Ma
r-13
Ap
r-13
Ma
y-1
3
Jun
-13
Jul-1
3
Au
g-1
3
2,600
2,800
3,000
3,200
3,400
3,600
Au
g-1
2
Se
p-1
2
Oct-1
2
Nov-1
2
Dec-1
2
Jan
-13
Fe
b-1
3
Ma
r-13
Ap
r-13
Ma
y-1
3
Jun
-13
Jul-1
3
12,000
13,000
14,000
15,000
16,000
Au
g-1
2
Se
p-1
2
Oct-1
2
Nov-1
2
Dec-1
2
Jan
-13
Fe
b-1
3
Ma
r-13
Ap
r-13
Ma
y-1
3
Jun
-13
Jul-1
3
16,000
18,000
20,000
22,000
24,000
26,000
Au
g-1
2
Se
p-1
2
Oct-1
2
Nov-1
2
Dec-1
2
Jan
-13
Fe
b-1
3
Ma
r-13
Ap
r-13
Ma
y-1
3
Jun
-13
Jul-1
3
6,000
8,000
10,000
12,000
14,000
16,000
18,000
Au
g-1
2
Se
p-1
2
Oct-1
2
Nov-1
2
Dec-1
2
Jan
-13
Fe
b-1
3
Ma
r-13
Ap
r-13
Ma
y-1
3
Jun
-13
Jul-1
3
1,100
1,400
1,700
2,000
Au
g-1
2
Se
p-1
2
Oct-1
2
Nov-1
2
Dec-1
2
Jan
-13
Fe
b-1
3
Ma
r-13
Ap
r-13
Ma
y-1
3
Jun
-13
Jul-1
3
Au
g-1
3
76
78
80
82
84
86
Au
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Se
p-1
2
Oct-1
2
No
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De
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Ja
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Mar-1
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Ju
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Au
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260
280
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320
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Ap
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80
90
100
110
120
130
Aug-1
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Feb
-13
Ma
r-13
Apr-1
3
Ma
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n-1
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Ju
l-13
420
440
460
480
500
520
540
560
580
Au
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2
Se
p-1
2
Oct-1
2
Nov-1
2
Dec-1
2
Jan
-13
Fe
b-1
3
Ma
r-13
Ap
r-13
Ma
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3
Jun
-13
Jul-1
3
Morning Note 27 August 2013
6 of 15
Company AnalystDate of Last
ReportRating
Target
Price (S$)
Current
Price
Performance since
Last Report
Potential Return
at Current Price
GOLDEN AGRI-RESOURCES LTD Nicholas Ong 5-Aug-13 Neutral 0.50 0.525 -0.9% -4.8%
WILMAR INTERNATIONAL LTD Nicholas Ong 7-Aug-13 Accumulate 3.61 3.05 -3.2% 18.4%
COURTS ASIA LTD Ken Ang 14-Aug-13 Buy 1.03 0.77 -13.5% 33.8%
GENTING SINGAPORE PLC Ken Ang 7-Aug-13 Neutral 1.40 1.35 1.5% 3.7%
COMBINE WILL INTERNATIONAL H Chan Wai Chee 20-Dec-12 Buy 0.93 0.50 -44.4% 86.0%
CORDLIFE GROUP LTD Change of Analyst 1.09
DBS GROUP HOLDINGS LTD Ken Ang 2-Aug-13 Accumulate 17.50 16.16 -6.3% 8.3%
OVERSEA-CHINESE BANKING CORP Ken Ang 5-Aug-13 Neutral 9.50 10.03 -6.6% -5.3%
UNITED OVERSEAS BANK LTD Ken Ang 2-Aug-13 Accumulate 21.80 20.88 -4.2% 4.4%
SINGAPORE EXCHANGE LTD Ken Ang 4-Jul-13 Buy 8.30 7.30 3.7% 13.7%
AMARA HOLDINGS LTD Lucas Tan 15-Aug-13 Buy 0.74 0.55 -4.4% 35.8%
CAPITALAND LTD Change of Analyst 29-Apr-13 3.09
CAPITAMALLS ASIA LTD Change of Analyst 26-Apr-13 1.84
HO BEE INVESTMENT LTD Lucas Tan 14-Aug-13 Accumulate 2.45 2.08 -3.3% 17.8%
KEPPEL LAND LTD Change of Analyst 19-Apr-13 3.46
OUE LTD Lucas Tan 5-Aug-13 Accumulate 3.24 2.76 -3.5% 17.4%
GLOBAL LOGISTIC PROPERTIES L Roy Chen 15-Aug-13 Neutral 2.80 2.70 -3.6% 3.7%
GLOBAL PREMIUM HOTELS LTD Chan Wai Chee 9-Nov-12 Buy 0.305 0.26 6.3% 19.6%
STAMFORD LAND CORP LTD Chan Wai Chee 20-Dec-12 Buy 0.76 0.55 -3.5% 38.2%
SINGHAIYI GROUP LTD Chan Wai Chee 16-Oct-12 Buy 0.016 0.022 37.5% -27.3%
Perennial China Retail Trust Roy Chen 14-Aug-13 Neutral 0.630 0.53 -5.4% 20.0%
CDL HOSPITALITY TRUSTS Change of Analyst 1.56
PARKWAYLIFE REAL ESTATE Change of Analyst 2.29
SABANA SHARIAH COMP IND REIT Change of Analyst 1.14
SATS LTD Change of Analyst 3.20
SIA ENGINEERING CO LTD Change of Analyst 4.84
SINGAPORE TECH ENGINEERING Change of Analyst 3.92
KEPPEL CORP LTD Nicholas Ong 21-Aug-13 Accumulate 12.25 10.21 -0.9% 20.0%
SEMBCORP INDUSTRIES LTD Change of Analyst 4.97
SEMBCORP MARINE LTD Nicholas Ong 2-Aug-13 Neutral 4.42 4.35 -4.8% 1.6%
HU AN CABLE HOLDINGS LTD Chan Wai Chee 21-Dec-12 Buy 0.164 0.12 6.1% 34.4%
SUNPOWER GROUP LTD Chan Wai Chee 20-Dec-12 Buy 0.250 0.17 -15.0% 47.1%
PAN-UNITED CORP LTD Joshua Tan 16-Aug-13 Accumulate 1.270 0.86 -0.6% 47.7%
BOUSTEAD SINGAPORE LTD Joshua Tan 30-May-13 Buy 1.935 1.33 -1.1% 46.0%
SINGAPORE AIRLINES LTD Change of Analyst 9.75
TIGER AIRWAYS HOLDINGS LTD Change of Analyst 0.55
NEPTUNE ORIENT LINES LTD Change of Analyst 1.09
SMRT CORP LTD Change of Analyst 1.37
COMFORTDELGRO CORP LTD Change of Analyst 1.83
HENGYANG PETROCHEMICAL LOGIS Chan Wai Chee 21-Dec-12 Buy 0.27 0.300 52.3% -10.0%
EZRA HOLDINGS LTD Nicholas Ong 15-Jul-13 Neutral 1.00 0.830 -13.1% 20.5%
EZION HOLDINGS LTD Nicholas Ong 12-Aug-13 Accumulate 2.71 2.380 0.0% 13.9%
SINGAPORE TELECOMMUNICATIONS Ken Ang 15-Aug-13 Accumulate 3.99 3.57 -6.3% 11.8%
STARHUB LTD Phillip Research Team 7-Aug-13 Accumulate 4.37 4.17 -1.2% 4.8%
M1 LTD Ken Ang 17-Jul-13 Accumulate 3.55 3.19 4.4% 11.3%
Property (Developers)
Property (REITS)
Industrials (Transportation)
Technology & Communications
Phillip Securities Research - Singapore Stocks Coverage
Source: Phillip Securities Research Pte Ltd
# adjust for pref shares conversion to ord shares. Project valuation remains constant. Conversion $ and interest added to valuation.
Industrials (Capital Goods)
Commodities & Supply Chain Managers
Consumer Goods
Banking & Finance
#
Morning Note 27 August 2013
7 of 15
Company AnalystDate of Last
ReportRating
Target
Price
(US$)
Current
Price
Performance since
Last Report
Potential Return
at Current Price
GARMIN LTD Wong Yong Kai 1-Aug-13 Trading Sell 40.08 40.60 -1.3% 1.3%
GENWORTH FINANCIAL INC-CL A Wong Yong Kai 1-Aug-13 Trading Buy 17.26 12.28 -5.5% 40.6%
ICONIX BRAND GROUP INC Wong Yong Kai 6-Aug-13 Trading Buy 43.19 33.23 -2.5% 30.0%
Source: Phillip Securities Research Pte Ltd
Phillip Securities Research - US Stocks Coverage
Morning Note 27 August 2013
8 of 15
FTSE ST Breakdown (3M % Change)
STI -9.0%
-9.7%
-14.1%
-9.8%
-3.8%-9.4%
-19.8%
-3.6%
-16.6%
-13.2%
30.1%
-9.9%
-8.7%
ST China
ST Real Estate
ST Re Invest Trust
ST Oil & Gas
ST Basic Materials
ST Industrials
ST Consumer Goods
ST Consumer Service
ST Telecommunicate
ST Utilites
ST Financials
ST Technology-9.7%
ST Healthcare
Source: Bloomberg
Last % Chg
0.275 25.0
0.048 23.1
1.280 18.0
0.075 10.3
0.150 10.3
Last % Chg
0.530 -47.8
0.265 -18.5
0.055 -9.8
0.122 -9.6
0.019 -9.5
Source: Bloomberg Source: SGX
3,966
1,473
199
248
504
Turnover (S$'mn)
UP
DOWN
OCEAN SKY INTERNATIONAL LTD
ALBEDO LTD
Top Gainers (%)FTSE ST Market Cap. Breakdown (3M % Change)
Turnover ('mn shares)
Top Losers (%)
SIIC ENVIRONMENT HOLDINGS LT
UNCHANGED
WE HOLDINGS LTD
CORDLIFE GROUP LTD
CHINA MINZHONG FOOD CORP LTD
SYSMA HOLDINGS LTD
CHINA YUANBANG PROPERTY HOLD
S I2I LTD
Source: Bloomberg
BH GLOBAL CORP LTD
-10.4%
-10.2% 2.4%
ST All Share
ST Fledgling
ST Small Cap
ST Mid Cap
STI
-9.0%
-9.3%
Morning Note 27 August 2013
9 of 15
Source: Bloomberg
World Index
JCI -1.18% 4,120.67
HSI 0.65% 22,005.32
KLCI 0.08% 1,722.49
NIKKEI -0.18% 13,636.28
KOSPI -0.07% 1,886.51
SET -0.67% 1,329.18
SHCOMP 1.90% 2,096.47
SENSEX 0.21% 18,558.13
ASX 0.24% 5,135.40
FTSE 100 0.70% 6,492.10
DOW -0.43% 14,946.46
S&P 500 -0.40% 1,656.78
NASDAQ -0.01% 3,657.57 COLOMBO -0.94% 5,895.65
STI -0.14% 3,084.41
Morning Note 27 August 2013
10 of 15
ETF % Change Change Last
ABF SINGAPORE BOND INDX FUND +0.44 +0.01 1.15
CIMB FTSE ASEAN 40 +0.91 +0.09 9.95
DB X-TRACKERS CSI300 UCITS +2.26 +0.16 7.25
DB X-TRACKERS FTSE VIETNAM -1.50 -0.34 22.34
DB X-TRACKERS MSCI EUROPE IN -0.56 -0.30 53.58
DB X-TRACKERS MSCI INDONESIA -1.82 -0.22 11.85
DB X-TRACKERS MSCI WORLD TRN +0.51 +0.02 3.91
DB X-TRACKERS S&P 500 INV DA -0.24 -0.07 29.30
DB X-TRACKERS CNX NIFTY UCIT +5.26 +4.35 87.10
ISHARES MSCI INDIA INDEX ETF +3.00 +0.15 5.15
LYXOR UCITS ETF CHINA ENTER -0.59 -0.08 13.57
LYXOR ETF COMMODITIES CRB-CD +0.74 +0.02 2.72
LYXOR UCITS ETF HANG SENG IN +2.21 +0.06 2.77
LYXOR ETF JAPAN TOPIX +0.53 +0.01 1.14
LYXOR ETF MSCI AC ASIA EX JP -1.75 -0.08 4.48
LYXOR ETF MSCI INDIA +0.46 +0.05 11.02
SPDR GOLD SHARES +1.28 +1.70 134.59
SPDR STRAITS TIMES INDEX ETF -0.32 -0.01 3.11
UNITED SSE 50 CHINA ETF +1.94 +0.03 1.58
ETF Performance
Source: Bloomberg
Morning Note 27 August 2013
11 of 15
EX Date Company Type Net Amount Currency Frequency Record Date Payout Date
8/27/2013 CHINA ANIMAL HEALTHCARE LTD Return of Capital 0.3000 SGD Annual N.A. N.A.
8/27/2013 FALCON ENERGY GROUP LTD Final 0.0050 SGD Irreg 8/29/2013 9/18/2013
8/27/2013 JARDINE CYCLE & CARRIAGE LTD Interim 0.1800 USD Semi-Anl 8/29/2013 10/8/2013
8/27/2013 QAF LTD Interim 0.0100 SGD Semi-Anl 8/29/2013 9/13/2013
8/27/2013 HAW PAR CORP LTD Interim 0.0600 SGD Semi-Anl 8/29/2013 9/12/2013
8/28/2013 TAT SENG PACKAGING GROUP LTD Regular Cash 0.0100 SGD Annual 8/30/2013 9/16/2013
8/28/2013 CAPITAMALLS ASIA LTD Regular Cash 0.0175 SGD Semi-Anl 8/30/2013 9/12/2013
8/28/2013 ABR HOLDINGS LTD Interim 0.0100 SGD Semi-Anl 8/30/2013 9/18/2013
8/28/2013 SINWA LTD Interim 0.0200 SGD Irreg 8/30/2013 9/6/2013
8/29/2013 FIRST RESOURCES LTD Interim 0.0125 SGD Semi-Anl 9/2/2013 9/18/2013
8/29/2013 SAIZEN REIT Distribution 0.0063 SGD Semi-Anl 9/2/2013 9/24/2013
8/30/2013 A-SONIC AEROSPACE LTD Interim 0.0017 SGD Annual 9/3/2013 9/17/2013
Corporate Action: Dividend
Source: Bloomberg
EX Date Company Type Subscription Price Currency Term Record Date
8/29/2013 ASIATIC GROUP HOLDINGS LTD Rights Issue 0.0350 SGD 1 per 1 9/2/2013
Source: Bloomberg
Corporate Action: Rights
Morning Note 27 August 2013
12 of 15
Name Expected Report Date
Karin Technology Holdings Ltd 8/27/2013
Cedar Strategic Holdings Ltd 8/27/2013
Teho International Inc Ltd 8/27/2013
Goodpack Ltd 8/27/2013
Viz Branz Ltd 8/27/2013
Loyz Energy Ltd 8/27/2013
Micro-Mechanics Holdings Ltd 8/27/2013
Spindex Industries Ltd 8/27/2013
Hai Leck Holdings Ltd 8/27/2013
Noel Gifts International Ltd 8/27/2013
Avago Technologies Ltd 8/27/2013
ASL Marine Holdings Ltd 8/28/2013
Zingmobile Group Ltd 8/28/2013
Falcon Energy Group Ltd 8/28/2013
OKH Global Ltd 8/28/2013
Wing Tai Holdings Ltd 8/28/2013
FJ Benjamin Holdings Ltd 8/28/2013
HupSteel Ltd 8/28/2013
Sim Lian Group Ltd 8/28/2013
KTL Global Ltd 8/28/2013
Elite KSB Holdings Ltd 8/28/2013
Eu Yan Sang International Ltd 8/28/2013
Santak Holdings Ltd 8/28/2013
Sin Heng Heavy Machinery Ltd 8/28/2013
TMC Education Corp Ltd 8/28/2013
Mclean Technologies Bhd 8/28/2013
Memstar Technology Ltd 8/28/2013
Digiland International Ltd 8/28/2013
Equation Corp Ltd 8/28/2013
Magnus Energy Group Ltd 8/28/2013
Olam International Ltd 8/29/2013
Cordlife Group Ltd 8/29/2013
Swee Hong Ltd 8/29/2013
ICP Ltd 8/29/2013
Gems TV Holdings Ltd 8/29/2013
Ryobi Kiso Holdings Ltd 8/29/2013
Metax Engineering Corp Ltd 8/29/2013
Ausgroup Ltd 8/29/2013
Lum Chang Holdings Ltd 8/29/2013
GuocoLand Ltd 8/29/2013
LC Development Ltd 8/29/2013
Tai Sin Electric Ltd 8/29/2013
Health Management International Ltd 8/29/2013
Asia-Pacific Strategic Inv Ltd 8/29/2013
Chinese Global Investors Group Ltd 8/29/2013
Aussino Group Ltd 8/29/2013
CFM Holdings Ltd 8/29/2013
Epicentre Holdings Ltd 8/29/2013
Metech International Ltd 8/29/2013
GuocoLeisure Ltd 8/29/2013
Koda Ltd 8/29/2013
Earnings Announcement - Singapore
Calendar
Source: Bloomberg
Morning Note 27 August 2013
13 of 15
Date Statistic For Survey Prior Date Statistic For Survey Prior
8/27/2013 S&P/CS 20 City MoM SA Jun 0.01 0.0105 8/30/2013 Credit Card Bad Debts Jul -- 21.1M
8/27/2013 S&P/CS Composite-20 YoY Jun 0.121 0.1217 8/30/2013 Credit Card Billings Jul -- 3475.9M
8/27/2013
S&P/CaseShiller Home Price Index
NSA Jun 159.4 15614.00% 8/30/2013 Money Supply M1 YoY Jul -- 0.183
8/27/2013 S&P/Case-Shiller US HPI YoY 2Q -- 10.17% 8/30/2013 Money Supply M2 YoY Jul -- 0.091
8/27/2013 S&P/Case-Shiller US HPI NSA 2Q -- 136.7 8/30/2013 Bank Loans and Advances YoY Jul -- 17.70%
8/27/2013 Richmond Fed Manufact. Index Aug 0 -11 9/3/2013 Electronics Sector Index Aug -- 5030.00%
8/27/2013 Consumer Confidence Index Aug 79 80.3 9/3/2013 Purchasing Managers Index Aug -- 5180.00%
8/28/2013 MBA Mortgage Applications 41509 -- -0.046 9/4/2013 Automobile COE Open Bid Cat A 41521 -- 7622300.00%
8/28/2013 Pending Home Sales MoM Jul 0 -0.004 9/4/2013 Automobile COE Open Bid Cat B 41521 -- 7660700.00%
8/28/2013 Pending Home Sales YoY Jul -- 0.091 9/4/2013 Automobile COE Open Bid Cat E 41521 -- 79223
8/29/2013 Initial Jobless Claims 24-Aug 330K 336K 09-13 SEP Foreign Reserves Aug -- $261.10B
8/29/2013 Continuing Claims 41503 2990K 2999K 11-16 SEP Manpow er Survey 4Q -- 15%
8/29/2013 GDP Annualized QoQ 2Q S 0.022 0.017 9/13/2013 Unemployment rate SA 2Q F -- 2.10%
8/29/2013 Personal Consumption 2Q S 0.018 1.80% 9/13/2013 Retail Sales Ex Auto YoY Jul -- 2.60%
8/29/2013 GDP Price Index 2Q S 0.007 0.007 9/13/2013 Retail Sales YoY Jul -- -4.00%
US Singapore
Economic Announcement
Source: BloombergSource: Bloomberg
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