Daily SGX Report by www.epicresearch.sg 26th December 2013

The Straits Times Index (SGX: ^STI) has moved up 0.4% to 3,127 points and extended its Christmas cheer from yesterday’s 0.7% gain.

ListFree.org (Press Release) - Thursday, December 26th, 2013

MARKET UPDATES & STOCK RECOMMENDATION

The Straits Times Index (SGX: ^STI) has moved up 0.4% to 3,127 points and extended its Christmas cheer from yesterday’s 0.7% gain. Out of the index’s 30 constituents, there were 23 shares that managed to end the day with gains while five others weren’t so fortunate and clocked some losses.

GP Batteries (SGX: G08) dropped 11% to S$0.685. The battery manufacturer had announced a proposal yesterday to issue 54.94m renounceable non-
underwritten rights at an issue price of S$0.486 for each rights share. The company has 109.87m shares outstanding as of 23 Dec 2013 and the rights-issue is done on the basis of one rights share for every outstanding share. Assuming 54.94m rights shares are issued, the proceeds from the exercise is estimated to be around S$26m.

GP Batteries is of the opinion that the rights issue “will enable [it] to strengthen its financial position and enhance its capital base. It will also facilitate [its] investment in automation, brand building and distribution network in the near term.”

CITY DEVELOPMENT LTD.
BUY CITY DEVELOPMENTS LTD ABOVE 9.640 TG 9.710, 9.800, 9.900 SL 9.540

Epic Research is a leading global financial services provider. Headquartered in Indore, India, Epic has offices and representatives in U.S.A., Singapore, Australia and Middle East. With its full fledged research operations, Epic Research has proven itself as Investment Advisory Company that produces and delivers high accuracy tips and recommendations for the Singapore market –

SGX Equities
SGX Derivatives – Futures and Options
Global Commodities – Bullion, Energy and Agri
Global Forex – Major currency pairs

Our research is based around these services:

Forex Signals

SGX Stock

GET FREE TRIAL +6531581402
Or mail us here: info@epicresearch.sg or visit our site that is http://www.epicresearch.sg/
Or
http://www.epicresearch.sg/upload/report/daily-sgx-report.pdf ###

ListFree.org: Embedded data.

Bookmark and Share Subscribe

 

Contact us at :
Issued By:Epic Research
Email:epicresearchsingapore@gmail.com
Town:Singapore
Country:Singapore
Phone:+6531581402
WebSite:http://www.epicresearch.sg/
Categories:Business
Tags:, , , , , , , , , , , , , , , ,

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.