Daily SGX Market News by EPIC RESEARCH 25th February 2014

Open
3,112.43  
Previous Close
3,099.93  
Year To Date
-1.84%  
1-Year
-2.75%  
Day Range
3,097.04 – 3,113.57
52-Week Range
2953.01-3464.79  

Inflation eased slightly to 1.4% in January from 1.5%  in December, reflecting a more moderate increase in  accommodation cost and a larger decline in private  road transport cost. There is expected a 1.5% rise in  the consumer price index in January from a year ago.

Singapore’s Sembcorp Marine Ltd, one of the largest  offshore drilling rig producers in the world, said its net  profit in the fourth quarter rose 9.2 per cent as higher  operating profit offset lower contributions from  associates and joint ventures.

Malaysian shares ended lower on Monday with the  Kuala Lumpur Composite Index slipping 2.06 points to  close at 1,828.68. Some 3.06 billion lots, valued at  RM2.08 billion were traded. Gainers numbered 432  while losers numbered 446.

Super Group posted on Monday a 6 per cent increase  in net profit for its fourth quarter ended December 31,  2013, on the back of higher gross profit margin, forex  gains and gains from a disposal. Net profit for the  three months ended Dec 31, 2013 stood at S$22.6  million, up from S$21.2 million from a year ago.

BUY OLAM INTERNATIONAL ABOVE 1.760 TG 1.800, 1.850, 1.920 SL 1.710
 
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