Singapore Stock Market News

UOB Kay Hian - Market Outlook & Strategy

StockFanatic
Publish date: Tue, 02 Sep 2014, 04:51 PM
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REVIEW:
August ended on a weak note (-1.39% mom) after a stellar performance in July. Geopolitical risks in Iraq and Ukraine continued to be a drag, offsetting the strong set of 2Q14 results by US corporates. Closer to home, Singapore's 2Q14 corporate reports ended with limited upside surprise as 55% of the companies under our coverage reported in-line results (1Q14: 51%). Only 14% of the results exceeded expectations (1Q14: 16%), one of the lowest since 2Q12.
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