SINGAPORE Jan 28 Singapore shares inched up on
Tuesday after three days of losses despite pressures from
turmoil in emerging markets and concerns about China's economic
The benchmark Straits Times Index edged up 0.2
percent at 3,048.52 by 0411 GMT, while the MSCI's broadest index
of Asia-Pacific shares outside Japan was little
Top performers on the index included Jardine Strategic
Holdings and Jardine Matheson Holdings Ltd,
gaining 2.5 percent at S$32.79 and 1.9 percent at S$54.07
Osim International Ltd fell for a second straight
session, shrugging off its positive financial results for 2013.
Its shares fell as much as 2.1 percent to S$2.34, trading at 1.5
times the average 30-day full-day volume, despite net profit
surging 16.9 percent to S$101.6 million ($79.65 million) from a
"With multiple growth engines in place and a very strong
balance sheet, we believe OSIM will be better able to weather
potential turbulence in its growth path," Maybank Kim Eng said
in a research note.
The brokerage maintained its "buy" rating and target price
of S$2.78 on the stock.
CIMB said in a report investors were generally "overweight"
on Singapore, with performance coming from stocks that have
clear growth stories. The brokerage favours banks, commodities
and capital goods companies, and also emphasises on non-index
CIMB's large-cap picks include DBS Group Holdings Ltd
, First Resources Ltd, Global Logistic
Properties Ltd, Keppel Corporation Ltd and
Wilmar International Ltd.