MCI (P) 129/11/2012 Ref No: SGMN2013_0197 1 of 16

Morning Note

Phillip Securities Research Pte Ltd Singapore

14 October 2013

Weekly Market Outlook Webinar

Register HERE for the Monday webinar if you have not already done so.

Source: Phillip Securities Research Pte Ltd

Company Results

S/N Company Name Q/HY/FY Currency,

Units

Revenue Net Profit

Current Previous Change

(%) Current Previous

Change (%)

1 MEDI-FLEX LTD FY RMB mn 200.8 169.3 19 24.7 10.6 133

2 NICO STEEL HOLDINGS LIMITED

HY USD mn 13.1 19.1 (32) (0.284) 0.241 n.m.

3 SINGAPORE PRESS HLDGS LTD

FY SGD mn 1239.5 1272.9 2.6 431 574.7 (25)

4 CACOLA FURNITURE INTL LIMITED

HY RMB mn 16.6 101.8 (83.7) (25.2) (10.5) (138.7)

Source: SGX Masnet

Morning Note 14 October 2013

2 of 14

Company Highlights

Del Monte Pacific Limited (DMPL) announced today that it has entered into a definitive agreement to acquire, through a new subsidiary, the

consumer food business of Del Monte Foods (DMF), a privately-owned U.S. corporation, for US$1.675 billion (subject to certain adjustments at closing). Under the terms of the purchase agreement, DMPL will purchase the brands and certain assets, and assume certain liabilities related to DMF’s consumer food business in the U.S., as well as equity interests in certain South American subsidiaries from DMF. This transaction offers DMPL greater access to a well-established, attractive and profitable branded consumer food business in the world’s biggest market. The transaction is valued at US$1.675 billion and will be financed through a combination of approximately US$745 million of equity in the Company’s new acquisition subsidiary, as well as long-term debt financing of approximately US$930 million that have been committed by a syndicate of bank lenders. As part of the equity financing, the Company plans to issue common and preferred shares in the market. (Closing price: S$0.905, +11.043%) IEV Holdings Limited, a provider of integrated engineering solutions and clean energy solutions, have been awarded three pile grouting and

two free span correction contracts by three engineering, procurement, installation and commissioning contractors. The work program for the pile grouting service covers seven offshore platforms in Malaysia and Indonesia, while the free span correction service will be performed on four pipelines in Indonesia. The Contracts, with aggregate value of approximately USD2.2 million are expected to be completed in 4Q2013. (Closing price: S$0.36, -1.37%) China Yuanbang Property Holdings Limited wishes to announce that its subsidiary, Guangdong Yuanbang Real Estate Development Co.

Limited has incorporated a wholly-owned subsidiary known as Guangzhou Guangfu Property Development Co. Limited (GGPD) in the People’s Republic of China. The principal activity of GGPD is that of residential property development. The registered and paid-up capital of GGPD is RMB10 million. The investment in GGPD was funded through internal resources and is not expected to have any material impact on the net tangible assets and earnings per share of the Company for the financial year ending 30 June 2014. (Closing price: S$0.21, +5.0%) IPC Corporation Ltd would like to announce that the Company has purchased a business hotel in Osaka City, in Japan. The Osaka Hotel, a

13-storey building, has 302 guest rooms, located in the center of the business and commercial district and convenient for both business travellers and tourists. The purchase is partially funded by bank borrowings. The Osaka Hotel shall be leased to Nest Hotel Japan Corporation and renamed as “nest HOTEL osaka shinsaibashi” in February 2014. “nest” is the Company’s brand. The purchase is in line with the Company’s strategy to acquire more income producing assets with the view of having a sustainable income stream. Including the Osaka Hotel, IPC has a portfolio of 9 business hotels in Japan. (Closing price: S$0.155, 0%) Medi-Flex Limited (Company) and Top Glove Sdn. Bhd.(Offeror) wish to jointly announce a formal proposal to seek the voluntary delisting of

the Company from the Catalist of the Singapore Exchange Securities Trading Limited. Oversea-Chinese Banking Corporation Limited, as the Financial Adviser to the Offeror, will make for and on behalf of the Offeror, a cash offer to purchase all the issued ordinary shares (excluding treasury shares) in the capital of the Company, other than those Shares already held by the Offeror, its related corporations or their respective nominees, on the terms and subject to the conditions set out in the Joint Announcement and the Exit Offer Letter. The Directors have reviewed the Delisting Proposal and have resolved to (i) apply to the SGX-ST for the Delisting; and (ii) convene an extraordinary general meeting of the Company to seek the approval of the shareholders of the Company for the Delisting. The Offeror will make the Exit Offer for each Medi-Flex share at S$0.15 in cash. (Trading Halt) RH Petrogas Limited wishes to announce that the SGX-ST has on 11 October 2013 granted its in-principle approval for the listing and

quotation of the proposed placement Shares of up to 116,000,000 new ordinary shares in the capital of RH Petrogas Limited at a placement price of $0.63 per share. (Closing price: S$0.855, -7.065%) Cordlife Group Limited wishes to announce that the Company has on 11 October 2013 received in-principle approval from the SGX-ST for

the listing of, and dealing in and quotation on the Main Board of the SGX-ST, 26,838,000 Private Placement Shares which are to be issued at the Issue Price of S$1.25 per Placement Share to raise gross proceeds of up to $33,547,500. (Closing price: S$1.21, -1.626%) Source: SGX Masnet, The Business Times

Morning Note 14 October 2013

3 of 14

Morning Commentary

STI: +0.31% to 3179.7 KLCI: +0.55% to 1785.8 JCI: +0.74% to 4519.9 SET: +0.40% to 1457.8 HSI: +1.16% to 23218 HSCEI: +1.15% to 10580 Nifty: +1.25% to 6096.2 ASX200: +1.63% to 5230.9 Nikkei: +1.48% to 14404 S&P500: +0.63% to 1703.2 MARKET OUTLOOK:

Catch the market outlook for the week ahead, and our stock feature of the week – Wilmar – in today’s 11.15am Webinar. Clients can register for the webinar by clicking the link in the “Weekly Market Outlook Webinar” box at the top of this note, or, by going to www.poems.com.sg > Weekly Webinar Market Call by Phillip Research. (PhillipCFDs and ETFs for trading the market outlook can be found in the webinar slides or the Macro Trade report below. Phil lipUT Wrap Account offers tactical asset allocation of unit trusts without front loading sales charge.) SECTOR/STRATEGY REPORTS:

- Sector Reports: Commodities,18 Sep / Banking, 9 Sep / Telecommunications, 9 Sep / Offshore & Marine, 26 Aug - Country Strategy: S’pore, 20 Sep / China & HK 5 July / Thai, 17 Jun - Macro Trader: 9 Sep, Update Source: Phillip Securities Research Pte Ltd

Macro Data

USA: Consumer sentiment in the U.S. fell in October to a nine-month low as the government’s partial shutdown and the debt-ceiling debate

caused outlooks to sour. The consumer sentiment index of decreased to 75.2 this month from 77.5 in September. Economists projected a drop to 75.3, according to the median estimate. Eurozone: German inflation rose 1.4% in September, following 1.5% growth registered the previous month. This result is in line with analysts'

forecasts. On an annual basis German CPI remained unchanged for the second running month in September, as expected. Spain's harmonized CPI plummeted to +0.5% from +1.6%, with a monthly rate of +0.8% (vs +0.2% of August). India’s industrial output growth expanded 0.6% in August from a year earlier, weighed by continued weakness in the manufacturing (down by

0.1% y/y) and mining (down by 0.2% y/y) sectors. The notable weaker pace aggravates government's concern while struggling to reverse a slowdown in the nation. China’s trade surplus narrowed to $15.2 billion in September compared to last month’s $28.6 billion. The diminishing trade surplus was due

to an unexpected drop in exports, as national holiday season fell in September alongside a stronger yuan. Source: Phillip Securities Research Pte Ltd

Morning Note 14 October 2013

4 of 14

Source: Bloomberg

STI - Index Members

2.8

% 2.5

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%

1.3

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1.1

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1.0

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0.7

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0.7

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0.6

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0.5

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Morning Note 14 October 2013

5 of 14

80.33 -0.03% 286.61 -0.27%

110.63 +1.08% 2.687 +0.00%

1,272.18 +0.02% 15,237.11 +0.73%

552.00 +1.07% Straits Times Index 3,179.71 +0.31%

23,218.32 +1.16% 14,404.74 1.48%

Source: Bloomberg

Gold (US$/Oz) DJI

MSCI Asia x-Japan

Hang Seng Index Nikkei 225 Index

Dollar Index ThomReuters/JefferiesCRB

Crude oil, Brent (US$/bbl) US Treasury 10yr Yield

1.201.401.601.802.002.202.402.602.803.00

Oct-1

2

Nov-1

2

Dec-1

2

Jan

-13

Fe

b-1

3

Ma

r-13

Ap

r-13

May-1

3

Jun

-13

Jul-1

3

Au

g-1

3

Se

p-1

3

2,600

2,800

3,000

3,200

3,400

3,600

Oct-1

2

Nov-1

2

Dec-1

2

Jan

-13

Fe

b-1

3

Ma

r-13

Ap

r-13

Ma

y-1

3

Jun

-13

Jul-1

3

Au

g-1

3

Se

p-1

3

12,000

13,000

14,000

15,000

16,000

Oct-1

2

Nov-1

2

Dec-1

2

Jan

-13

Fe

b-1

3

Ma

r-13

Ap

r-13

Ma

y-1

3

Jun

-13

Jul-1

3

Au

g-1

3

Se

p-1

3

16,000

18,000

20,000

22,000

24,000

26,000

Oct-1

2

Nov-1

2

Dec-1

2

Jan

-13

Fe

b-1

3

Ma

r-13

Ap

r-13

Ma

y-1

3

Jun

-13

Jul-1

3

Au

g-1

3

Se

p-1

3

6,000

8,000

10,000

12,000

14,000

16,000

18,000

Oct-1

2

Nov-1

2

Dec-1

2

Jan

-13

Fe

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3

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r-13

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1,100

1,400

1,700

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Oct-1

2

Nov-1

2

Dec-1

2

Jan

-13

Fe

b-1

3

Ma

r-13

Ap

r-13

Ma

y-1

3

Jun

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Au

g-1

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76

78

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82

84

86

Oct-1

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Sep-1

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420

440

460

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520

540

560

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Oct-1

2

Nov-1

2

Dec-1

2

Jan

-13

Feb-1

3

Ma

r-13

Ap

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Jun

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Morning Note 14 October 2013

6 of 14

Company AnalystDate of Last

ReportRating

Target

Price (S$)

Current

Price

Performance since

Last Report

Potential Return

at Current Price

GOLDEN AGRI-RESOURCES LTD Nicholas Ong 5-Aug-13 Neutral 0.50 0.525 -0.9% -4.8%

WILMAR INTERNATIONAL LTD Nicholas Ong 7-Aug-13 Accumulate 3.61 3.26 3.5% 10.7%

COURTS ASIA LTD Ken Ang 14-Aug-13 Buy 1.03 0.79 -11.8% 31.2%

GENTING SINGAPORE PLC Ken Ang 7-Aug-13 Neutral 1.40 1.47 10.1% -4.4%

DBS GROUP HOLDINGS LTD Ken Ang 2-Aug-13 Accumulate 17.50 16.47 -4.5% 6.3%

OVERSEA-CHINESE BANKING CORP Ken Ang 5-Aug-13 Neutral 9.50 10.22 -4.8% -7.0%

UNITED OVERSEAS BANK LTD Ken Ang 2-Aug-13 Accumulate 21.80 20.63 -5.4% 5.7%

SINGAPORE EXCHANGE LTD Ken Ang 4-Oct-13 Buy 7.90 7.28 0.7% 8.5%

AMARA HOLDINGS LTD Lucas Tan 15-Aug-13 Buy 0.74 0.56 -2.6% 33.3%

HO BEE INVESTMENT LTD Lucas Tan 14-Aug-13 Accumulate 2.45 2.00 -7.2% 22.8%

KEPPEL LAND LTD Lucas Tan 19-Apr-13 3.60

OUE LTD Lucas Tan 5-Aug-13 Accumulate 3.24 2.46 -14.0% 31.7%

GLOBAL LOGISTIC PROPERTIES L Phillip Research Team 15-Aug-13 Neutral 2.80 2.95 5.4% -5.1%

SINGHAIYI GROUP LTD Chan Wai Chee 16-Oct-12 Buy 0.016 0.023 43.8% -30.4%

Perennial China Retail Trust Phillip Research Team 14-Aug-13 Neutral 0.630 0.54 -3.6% 17.8%

KEPPEL CORP LTD Nicholas Ong 2-Oct-13 Accumulate 12.25 10.87 4.8% 12.7%

SEMBCORP MARINE LTD Nicholas Ong 2-Aug-13 Neutral 4.42 4.54 -0.7% -2.6%

SIN HENG HEAVY MACHINERY LTD Joshua Tan 16-Sep-13 Trading Buy 0.270 0.22 -2.3% 25.6%

PAN-UNITED CORP LTD Joshua Tan 16-Aug-13 Accumulate 1.270 0.94 8.1% 35.8%

BOUSTEAD SINGAPORE LTD Joshua Tan 30-May-13 Buy 1.935 1.38 2.5% 40.7%

EZRA HOLDINGS LTD Nicholas Ong 15-Jul-13 Neutral 1.00 1.190 24.6% -16.0%

EZION HOLDINGS LTD Nicholas Ong 1-Oct-13 Accumulate 2.71 2.250 2.3% 20.4%

SINGAPORE TELECOMMUNICATIONS Ken Ang 15-Aug-13 Accumulate 3.99 3.73 -2.1% 7.0%

STARHUB LTD Colin Tan 7-Aug-13 Accumulate 4.37 4.35 3.0% 0.5%

M1 LTD Ken Ang 17-Jul-13 Accumulate 3.55 3.41 11.5% 4.1%

Company AnalystDate of Last

ReportRating

Target

Price

(US$)

Current

Price

Performance since

Last Report

Potential Return

at Current Price

GARMIN LTD Wong Yong Kai 1-Aug-13 Trading Sell 40.08 47.61 -18.8% 15.8%

GENWORTH FINANCIAL INC-CL A Wong Yong Kai 20-Sep-13 Trading Buy 18.04 13.13 7.9% 37.4%

ICONIX BRAND GROUP INC Wong Yong Kai 6-Aug-13 Trading Buy 43.19 32.50 -4.7% 32.9%

OIL STATES INTERNATIONAL INC Wong Yong Kai 30-Sep-13 Trading Buy 120.83 107.80 3.7% 12.1%

NATIONAL OILWELL VARCO INC Wong Yong Kai 30-Sep-13 Trading Buy 90.92 79.32 0.3% 14.6%

Property (Developers)

Property (REITS)

Industrials (Transportation)

Technology & Communications

Phillip Securities Research - Singapore Stocks Coverage

Source: Phillip Securities Research Pte Ltd

Source: Phillip Securities Research Pte Ltd

# adjust for pref shares conversion to ord shares. Project valuation remains constant. Conversion $ and interest added to valuation.

Industrials (Capital Goods)

Phillip Securities Research - US Stocks Coverage

Commodities & Supply Chain Managers

Consumer Goods

Banking & Finance

#

Morning Note 14 October 2013

7 of 14

FTSE ST Breakdown (3M % Change)

STI -1.7%

-1.9%

-5.4%

-4.4%

-5.8%-1.1%

-6.0%

1.9%

-3.6%

-2.5%

-38.3%

-1.3%

-2.4%

ST China

ST Real Estate

ST Re Invest Trust

ST Oil & Gas

ST Basic Materials

ST Industrials

ST Consumer Goods

ST Consumer Service

ST Telecommunicate

ST Utilites

ST Financials

ST Technology1.4%

ST Healthcare

Source: Bloomberg

Last % Chg

0.003 50.0

0.120 31.9

0.905 11.0

0.095 9.2

0.255 8.5

Last % Chg

0.146 -25.1

0.004 -20.0

0.154 -16.8

0.205 -14.6

0.171 -14.5

ASIASONS CAPITAL LTD

ICP LTD

XINREN ALUMINUM HOLDINGS LT

BLUMONT GROUP LTD

Source: Bloomberg

SWEE HONG LTD

539

Turnover (S$'mn)

SUNMOON FOOD COMPANY LTD

CHINA DAIRY GROUP LTD

Top Gainers (%)FTSE ST Market Cap. Breakdown (3M % Change)

Turnover ('mn shares)

Top Losers (%)

COURAGE MARINE GROUP LTD

DEL MONTE PACIFIC LTD

UP

DOWN

UNCHANGED

LIONGOLD CORP LTD

Source: Bloomberg Source: SGX

2,951

1,046

256

197

-6.2%

-4.0% 1.7%

ST All Share

ST Fledgling

ST Small Cap

ST Mid Cap

STI

-1.7%

-2.5%

Morning Note 14 October 2013

8 of 14

Source: Bloomberg

World Index

JCI 0.74% 4,519.91

HSI 1.16% 23,218.32

KLCI 0.55% 1,785.75

NIKKEI 1.48% 14,404.74

KOSPI 0.00% 2,024.88

SET 0.40% 1,457.78

SHCOMP 1.70% 2,228.15

SENSEX 1.26% 20,528.59

ASX 1.63% 5,230.87

FTSE 100 0.88% 6,487.19

DOW 0.73% 15,237.11

S&P 500 0.63% 1,703.20

NASDAQ 0.83% 3,791.87 COLOMBO -0.17% 5,947.42

STI 0.31% 3,179.71

Morning Note 14 October 2013

9 of 14

ETF % Change Change Last

CIMB FTSE ASEAN 40 +1.23 +0.13 10.71

DB X-TRACKERS CSI300 UCITS +0.66 +0.05 7.60

DB X-TRACKERS FTSE CHINA 25 +1.40 +0.41 29.75

DB X-TRACKERS FTSE VIETNAM +0.13 +0.03 23.55

DB X-TRACKERS MSCI EUROPE IN +1.97 +1.08 55.78

DB X-TRACKERS MSCI JAPAN TRN +1.91 +0.87 46.44

DB X-TRACKERS MSCI TAIWAN +1.17 +0.23 19.87

DB X-TRACKERS S&P 500 INV DA -1.14 -0.33 28.58

ISHARES MSCI INDIA INDEX ETF +1.22 +0.07 5.83

LYXOR ETF COMMODITIES THOMSO +0.38 +0.01 2.65

LYXOR UCITS ETF ASIA EX JP +1.46 +0.07 4.85

LYXOR ETF MSCI INDIA +2.27 +0.29 13.04

SPDR GOLD SHARES -0.89 -1.12 124.18

SPDR STRAITS TIMES INDEX ETF +0.63 +0.02 3.21

UNITED SSE 50 CHINA ETF +0.62 +0.01 1.62

ETF Performance

Source: Bloomberg

Morning Note 14 October 2013

10 of 14

EX Date Company Type Net Amount Currency Frequency Record Date Payout Date

10/14/2013 UNITED OVERSEAS AUSTRALIA Interim 0.0050 AUD Semi-Anl 10/17/2013 11/4/2013

10/16/2013 GKE CORP LTD Regular Cash 0.0030 SGD Annual 10/18/2013 10/31/2013

10/17/2013 OXLEY HOLDINGS LTD Final 0.0060 SGD Irreg 10/21/2013 10/31/2013

10/18/2013 CHINA MERCHANTS HLDGS PAC LT Interim 0.0275 SGD Semi-Anl 10/22/2013 11/8/2013

10/22/2013 SINOPEC SHANGHAI-SPONS ADR Regular Cash 0.7151 USD Annual 10/24/2013 12/16/2013

10/23/2013 HSBC HOLDINGS PLC-SPONS ADR Regular Cash 0.5000 USD Quarter 10/25/2013 12/11/2013

10/24/2013 CORDLIFE GROUP LTD Final 0.0100 SGD Irreg 10/28/2013 11/15/2013

10/25/2013 ELLIPSIZ LTD Final 0.0020 SGD Annual 10/29/2013 11/14/2013

10/25/2013 ASL MARINE HOLDINGS LTD Regular Cash 0.0200 SGD Annual 10/29/2013 11/8/2013

10/28/2013 TAI SIN ELECTRIC LTD Final 0.0150 SGD Semi-Anl 10/30/2013 11/8/2013

10/29/2013 SIN GHEE HUAT CORP LTD Final 0.0180 SGD Annual 10/31/2013 11/14/2013

10/29/2013 LANTROVISION SINGAPORE LTD Final 0.0200 SGD Irreg 10/31/2013 11/15/2013

Corporate Action: Dividend

Source: Bloomberg

EX Date Company Type Subscription Price Currency Term Record Date

10/14/2013 COMPACT METAL INDUSTRIES LTD Rights Issue 0.0400 SGD 2 per 1 10/17/2013

10/22/2013 CHINA ENVIRONMENTAL RESOURCE Open Offer 0.2700 SGD 33 per 10 10/23/2013

Source: Bloomberg

Corporate Action: Rights

Morning Note 14 October 2013

11 of 14

Name Expected Report Date

M1 Ltd/Singapore 10/14/2013

K-Green Trust 10/14/2013

Keppel REIT 10/14/2013

Keppel Telecommunications & Transportation Ltd 10/16/2013

Ascendas Real Estate Investment Trust 10/16/2013

Keppel Land Ltd 10/16/2013

Photon Kathaas Productions Ltd 10/16/2013

Singapore Exchange Ltd 10/17/2013

Qian Hu Corp Ltd 10/17/2013

Keppel Corp Ltd 10/17/2013

Mapletree Logistics Trust 10/17/2013

CapitaCommercial Trust 10/18/2013

Sabana Shari'ah Compliant Industrial Real Estate Investment Trust 10/18/2013

Nera Telecommunications Ltd 10/18/2013

Berger International Ltd 10/18/2013

Indiabulls Properties Investment Trust 10/18/2013

Frasers Centrepoint Trust 10/21/2013

Mapletree Industrial Trust 10/22/2013

Cache Logistics Trust 10/22/2013

Raffles Medical Group Ltd 10/22/2013

First Ship Lease Trust 10/22/2013

Rickmers Maritime 10/22/2013

CapitaRetail China Trust 10/23/2013

CapitaMall Trust 10/23/2013

Frasers Commercial Trust 10/23/2013

Giken Sakata Singapore Ltd 10/23/2013

OKP Holdings Ltd 10/23/2013

Samudera Shipping Line Ltd 10/23/2013

Aztech Group Ltd 10/23/2013

Mapletree Commercial Trust 10/24/2013

AIMS AMP Capital Industrial REIT 10/24/2013

Triyards holdings Ltd 10/24/2013

Hwa Hong Corp Ltd 10/24/2013

Sheng Siong Group Ltd 10/24/2013

Ezra Holdings Ltd 10/24/2013

EOC Ltd 10/24/2013

Ascott Residence Trust 10/25/2013

Ascendas India Trust 10/25/2013

First Real Estate Investment Trust 10/25/2013

British & Malayan Trustees Ltd 10/25/2013

GMG Global Ltd 10/25/2013

CapitaMalls Asia Ltd 10/25/2013

Suntec Real Estate Investment Trust 10/25/2013

China Merchants Holdings Pacific Ltd 10/25/2013

Micro-Mechanics Holdings Ltd 10/25/2013

STATS ChipPAC Ltd 10/25/2013

Forterra Trust 10/29/2013

Great Eastern Holdings Ltd 10/29/2013

Eu Yan Sang International Ltd 10/29/2013

Top Global Ltd 10/29/2013

Gems TV Holdings Ltd 10/29/2013

Earnings Announcement - Singapore

Calendar

Source: Bloomberg

Morning Note 14 October 2013

12 of 14

Date Statistic For Survey Prior Date Statistic For Survey Prior

10/15/2013 Empire Manufacturing Oct 8 629.00% 10/14/2013 GDP SAAR QoQ 3Q A -4.10% 15.50%

10/15/2013 Construction Spending MoM Aug 0.40% 0.60% 10/14/2013 GDP YoY 3Q A 3.80% 3.80%

10/15/2013 Import Price Index MoM Sep 0.20% 0.00% 10/14/2013 Retail Sales Ex Auto YoY Aug -- 2.50%

10/15/2013 Import Price Index YoY Sep -1.00% -0.40% 10/14/2013 Retail Sales YoY Aug -- -7.80%

10/15/2013 Wholesale Inventories MoM Aug 0.30% 0.10% 10/14/2013 Retail Sales SA MoM Aug -- -5.30%

10/15/2013 Change in Private Payrolls Sep 183K 152K 10/17/2013 Electronic Exports YoY Sep -- -9.20%

10/15/2013 Change in Nonfarm Payrolls Sep 180K 169K 10/17/2013 Non-oil Domestic Exports YoY Sep -- -6.20%

10/15/2013 PPI MoM Sep 0.20% 0.30% 10/17/2013 Non-oil Domestic Exports SA MoM Sep -- -6.00%

10/15/2013 PPI Ex Food and Energy YoY Sep 1.20% 1.10% 10/23/2013 CPI NSA MoM Sep -- 0.80%

10/15/2013 PPI YoY Sep 0.60% 1.40% 10/23/2013 CPI YoY Sep -- 2.00%

10/15/2013 Retail Sales Advance MoM Sep 0.00% 0.20% 10/23/2013 Automobile COE Open Bid Cat A 23-Oct -- 8500000.00%

10/15/2013 Retail Sales Ex Auto and Gas Sep 0.40% 0.10% 10/23/2013 Automobile COE Open Bid Cat B 23-Oct -- 9350000.00%

10/15/2013 Retail Sales Control Group Sep 0.40% 0.20% 10/23/2013 Automobile COE Open Bid Cat E 23-Oct -- 9388900.00%

10/15/2013 Retail Sales Ex Auto MoM Sep 0.40% 0.10% 10/25/2013 Industrial Production SA MoM Sep -- -1.40%

10/15/2013 Factory Orders Aug 0.30% -2.40% 10/25/2013 Industrial Production YoY Sep -- 3.50%

Source: BloombergSource: Bloomberg

US Singapore

Economic Announcement

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