Singapore Stock Market News

Singapore Strategy - 3Q round-up

StockFanatic
Publish date: Wed, 19 Nov 2014, 10:12 AM
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■ Consumer & oil & gas mostly missed earnings expectations. Headwinds emerging for oil & gas. Nam Cheong and POSH removed from top BUY list.

■ Banks, especially DBS, beat for third quarter in a row. UOB added as top BUY.

Still NEUTRAL on market with 2015 FSSTI target of 3,440, at 14x 2015E EPS. Top picks: DBS, UOB, FR & SingTel.
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