22nd August

Y O U R M I N T V I S O R Y

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Trades in Singaporean equities and other securities such as

warrants and trusts must be a minimum of 1,000 units, with

any outstanding volume traded on a specially-designated ‘unit

share market’ that trades orders between one and 999 units.

SGX plans to reduce the minimum first to 100 units, then to one

unit. According to the consultation, published yesterday, the

need to trade in minimum increments, or ‘board lots’, of 1,000

shares can exclude retail investors from participating in certain

stocks, such as blue chips.

U.S. bond yields retreat from 2-year peaks; Wall Street

recovers.

Indonesia near year-low; Thai stocks drop 2% . SEMBCORP MARINE LTD: The National Shipping Company of Saudi Arabia (Bahri) has signed a memorandum of understanding with Saudi Aramco and Singapore's Sembcorp Marine to conduct a feasibility study for a maritime yard project in the kingdom of Saudi Arabia. EZION HOLDINGS LTD: Oilfield service firm Ezion Holdings has issued S$60 million of notes due 2018 with an annual interest rate of 4.60 percent, under its S$500 million multicurrency debt program. The proceeds will be used for general corporate purposes.

TOP GAINERS & LOSERS

TOP GAINER % Change

Global Logistic Prop... +1.88%

Jardine Cycle & Carr... +1.25%

Jardine Strategic Ho... +1.09%

Jardine Matheson Hol... +0.75%

Hutchison Port Holdi... +0.68%

SIA Engineering Co L... +0.43%

Sembcorp Industries ... +0.41%

Hongkong Land Holdin... +0.15%

Singapore Airlines L... 0.00%

Golden Agri-Resource... -0.96%

TOP LOSER % Change

Thai Beverage PCL -5.66%

ComfortDelGro Corp L... -3.18%

Noble Group Ltd -2.98%

Olam International L... -1.84%

CapitaMalls Asia Ltd -1.54%

Genting Singapore PL... -1.46%

Oversea-Chinese Bank... -1.45%

Singapore Telecommun... -1.08%

CapitaMall Trust -1.03%

Singapore Technologi... -0.99%

Snapshot for Straits Times Index STI (FSSTI)

Open 3,158.42

Previous Close 3,173.33

Year To Date

1-Year

Day Range

52-Week Range 2,931.60 - 3,464.79

Straits Times Index (STI)

22nd August

Y O U R M I N T V I S O R Y

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STOCK RECOMMENDATION

BUY JARDINE MATHESON ABOVE 54.200 TG 54.500, 54.900, 55.400 SL 53.850.

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