Singapore Stock Market News

Weekly best/worst performers

StockFanatic
Publish date: Tue, 16 Apr 2013, 10:49 AM
StockFanatic
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Last week, we initiated coverage on Courts Asia, a beneficiary of the housing spurt in Singapore and a proxy for the emerging Indonesian middle class when its megastore in Indonesia opens. Its previous bad debt debacle provides invaluable lessons.

In the offshore marine space, our downgrade of Ezra pre 2Q13 results announcement was proven right. We also highlighted a trading opportunity in STZ OSV given sizeable Brazilian orders as a catalyst. Singapore's GDP probably floored in 1Q13. Lastly, Japan's policy actions to end deflation would weaken the yen. Global Logistics Properties and Parkway Life REIT are beneficiaries.
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