MARKET UPDATES & STOCK RECOMMENDATION
The Singapore economy grew 3.7% Y-o-Y in 2013, near the top end of the official forecast of 3.5-4%.
Sembcorp Marine’s subsidiary PPL Shipyard has secured repeat order worth US$211.5 mn to build a jack up rig for Perisai (L) Inc, a unit of Perisai
Petroleum Teknologi Bhd.
Total bank lending in Singapore rose 2.1% in November from October, helped by a rise in loans to the building and construction sectors. Loans and
advances by domestic banking units in the city-state amounted to S$565.8 billion (US$446.4 billion) last month, up from S$554.3 billion in October. From a year earlier, November bank lending rose 17.4%.
MEDICAL oncology & haematology company TalkMed Group plans to list on Catalist to raise capital for expansion. TalkMed will issue new shares, but the number of shares to be offered, their pricing and the timing of the IPO have yet to be set.
BUY HONGKONG LAND ABOVE 5.920 TG 5.970, 6.030, 6.100 SL 5.850
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