Daily SGX Report by www.epicresearch.sg 28th January 2014
Snapshot for Straits Times Index STI (FSSTI)
Open |
3038.99 |
Previous Close
|
3075.99 |
Year To Date |
-3.99% |
1-Year |
-4.01%
|
Day Range |
3025.15-3043.33 |
52-Week Range |
2990.68-3464.79 |
Jurong Aromatics Corporation (JAC) could start trial runs at its US$2.4 billion petrochemical complex in Singapore by April, The project includes 100,000
barrels per day (bpd) condensate splitter and an aromatics complex and it will be mechanically complete in February.
Units of OUE Commercial Real Estate Investment Trust, controlled by property and hotel group OUE, traded just below their IPO price of S$0.80 per unit after the IPO raised S$346 mn (US$270 mn) The Reit traded at S$0.785, with more than 8.8 million units changing hands in the first few minutes of trading
ASL Marine on Monday said it has signed a conditional sale and purchase agreement with Miclyn Express Offshore to acquire the latter’s Batam
shipyard for US$20 million (S$25.6 million).The shipyard operates on the land adjacent to the ASL Marine’s existing shipyard in Batam.
THE Housing & Development Board (HDB) has spent about S$1 billion upgrading the electrical infrastructure in some 2,400 old HDB blocks, and is
poised to upgrade 4,000 more in due course.
JARDINE CYCLE
SELL JARDINE CYCLE BELOW 35.700 TG 35.500, 35.200, 34.800 SL 35.750
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