DAILY REPORT 10th DECEMBER

Snapshot for Straits Times Index STI (FSSTI)

Open Previous Close Day Range Year-to- Date 1-Year 52-Week Range 3,122.14 3,114.17 3,108.18 3,126.01 +1.22% +3.37% 2,990.68 - 3,464.79

Straits Times Index (STI)

TOP GAINERS
2.50% 2.00% 1.50% 1.00% 0.50% 0.00%

TOP GAINERS & LOSERS TOP GAINER Hongkong Land Holdin... Golden Agri-Resource... Noble Group Ltd SIA Engineering Co L... Keppel Corp Ltd Jardine Matheson Hol... United Overseas Bank... % Change +2.02% +1.83% +1.46% +1.46% +1.19% +0.43% +0.34% +0.28% +0.23% 0.00% % Change -3.06% -1.53% -1.29% -0.99% -0.94% -0.77% -0.77% -0.69% -0.67% -0.57%
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HKL

GGR NOBL

SIE

KEP

JM

UOB

SGX

JCNC

CT

% Change 2.02% 1.83% 1.46% 1.46% 1.19% 0.43% 0.34% 0.28% 0.23% 0.00%

Singapore Exchange L... Jardine Cycle & Carr... CapitaMall Trust TOP LOSER Thai Beverage PCL ComfortDelGro Corp L... CapitaMalls Asia Ltd CapitaLand Ltd Sembcorp Industries ... Hutchison Port Holdi... Singapore Technologi... Sembcorp Marine Ltd

TOP LOOSERS
0.00% -0.50% -1.00% -1.50% -2.00% -2.50% -3.00% -3.50%
THBE V

CD

CMA CAPL

SCI

HPHT

STE

SMM GENS

WIL

Genting Singapore PL... Wilmar International...

%Change -3.06 -1.53 -1.29 -0.99 -0.94 -0.77 -0.77 -0.69 -0.67 -0.57

YOUR MINTVISORY

DAILY REPORT 10th DECEMBER

MARKET UPDATES & STOCK RECOMMENDATION China's export easily beats forecast in November by a rise of 12.7% y-o-y against a median forecast of 7.1% adding to a recent proof of stabilization in the world's second largest economy. Taiwan's external trade data for November will be released today. Export growth will remain negative, and the rate of decline will be close to Octobers -1.5% YoY.

HONGKONG LAND

Although mortgages are likely to soften in 2H14 (mortgages comprised 30% of total loans as of Sep 13), domestic business loans and trade finance loans (largely US$) may continue to thrive given strong GDP growth prospects and improved external environment. Stronger than expected business loans could provide a boost to overall loan growth in 2014. Every 1ppt increase in loan growth would lift earnings by 0.8%. NIM uplift would give greater ammunition to earnings.

BUY HONGKONG LAND ABOVE 6.070 TG 6.120, 6.180, 6.250 SL 6.000 Disclaimer
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