MCI (P) 129/11/2012 Ref No: SGMN2013_0166 1 of 16

Morning Note

Phillip Securities Research Pte Ltd Singapore

30 August 2013

Weekly Market Outlook Webinar

Webinar videos can be accessed via UniPhillip website - http://www.uniphillip.com/ => Education Programs => Phillip Securities Research Webinars

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 CHINA MINZHONG FOOD CORP LTD

FY RMB'000 3,247,773 2,568,839 13.2 755,065 679,581 11.1

2 CFM HOLDINGS LIMITED FY S$'000 42,838 47,416 (9.7) (2,826) (234) N.M.

3 GRAND BANKS YACHTS LIMITED

FY S$’000 35,253 32,759 7.6 (5,215) (11,219) N.M.

4 CHINA YUANBANG PROP HLDGS LTD

FY RMB$’000 867,524 838,015 3.5 96,293 126,160 (23.7)

5 CHINA HONGCHENG HOLDINGS LTD

FY RMB$'000 467,635 484,341 (3.4) (81,920) (68,176) N.M.

6 OKH GLOBAL LTD FY S$’000 24,479 109,124 (77.6) (905) 16,174 N.M.

7 CHINESE GLOBAL INVESTORS GRP

FY S$ 11,789,19

7 13,959,86

1 (15.5)

(1,099,230)

(20,868,831)

N.M.

8 GUOCOLEISURE LIMITED

FY US$'mn 380.3 369.8 2.8 44.0 77.7 (43.4)

9 ZHONGXIN FRUIT AND JUICE LTD

FY RMB'000 139,911 0 N.M. 15,948 (20,764) N.M.

10 GUOCOLAND LIMITED FY S$'000 677,442 678,496 0 40,490 63,191 (36)

11 TAI SIN ELECTRIC LIMITED

FY S$'000 305,328 278,998 9.3 20,027 18,566 7.8

12 HUPSTEEL LTD FY S$’000 147,057 239,577 (39) 1,956 7,080 (72)

13 BRITISH & MALAYAN TRUSTEES LTD

FY S$'000 3,977 3,273 22 546 1,073 (49)

14 YAMADA GREEN RESOURCES LIMITED

FY RMB'000 509,170 553,331 (8.0) 69,190 139,476 (50.4)

15 LUM CHANG HOLDINGS LIMITED

FY S$'000 494,550 282,890 75 21,482 20.997 2

16 OLAM INTERNATIONAL LIMITED

FY S$’000 6,495,015 5,146,026 26.2 56,791 109,501 (48.1)

Source: SGX Masnet

Morning Note 30 August 2013

2 of 15

Company Highlights

OKH Global Ltd. announced that the Company’s wholly-owned subsidiary, OKH Loyang Pte. Ltd. had on 29 August 2013, increased its

issued and paid-up capital from SGD100 to SGD1,000,000 (the “Transaction”). (Closing price: S$ 0.575, -%) Ryobi Kiso Holdings Ltd. announced that the Company’s wholly-owned subsidiary, Ryobi Kiso (S) Pte Ltd (“RK”) is presently engaged in

arbitration proceedings with Lum Chang Building Contractors Pte Ltd (“LCBC”), a wholly-owned subsidiary of Lum Chang Holdings Limited over a dispute relating to the construction and piling works in two zones, i.e. Zone 2 and Zone 6, for Downtown Line Stage 2 located at Upper Bukit Timah / Woodlands Road (“the Sub-Contracts”). (Closing price: S$ 0.116, -%) Further to the announcements made on 19 July 2013, 5 August 2013 and 29 August 2013, Zhongmin Baihui Retail Group Ltd. (the

“Company”) is pleased to announce that the Shareholders’ approval for the Proposed Transfer had been obtained at the Extraord inary General Meeting of the Company held on 29 August 2013. (Closing price: S$ 1.710, -%) Keppel REIT Management Limited (the “Manager”), as the Manager of Keppel REIT, announced that Moody’s Investors Services (“Moody’s”)

has upgraded Keppel REIT’s corporate family rating to Baa2 with a stable outlook. In Moody’s announcement yesterday, they have assigned the improved rating based on Keppel REIT’s enlarged and quality asset portfolio in Singapore and Australia; strong operating performance; as well as proactive capital management, which minimises its refinancing risk for the next 12 to 18 months. Moody’s upgrade also focused on Keppel REIT’s ability to continue pursuing its long-term growth plan while maintaining leverage of between 40% and 45%. The Manager’s proactive capital management, as evidenced by its early refinancing of all debt maturing in 2013 and 60% of borrowings due in 2014, as at end-June 2013, also supported the upgrade. Keppel REIT has also obtained funds at low interest rates, allowing the trust to maintain a high interest coverage ratio of approximately 6.2x as at end-June 2013. (Closing price: S$ 1.190, +0.422%) Source: SGX Masnet, The Business Times

Morning Note 30 August 2013

3 of 15

Morning Commentary

STI: +1.13% to 3038 KLCI: +1.04% to 1703.8 JCI: +1.92% to 4103.6 SET: +1.31% to 1292.5 HSI: +0.84% to 21704 HSCEI: +0.88% to 9850.7 Nikkei: +0.91% to 13459.7 ASX200: +0.10% to 5092.4 Nifty: +2.35% to 5409 S&P500: +0.20% to 1638.2 MARKET OUTLOOK:

For the market outlook for the week, please go to www.uniphillip.com > education programs > Phillip Securities Research webinar. Apart from giving the market strategy, this week’s webinar also gives an update on the Offshore & Marine sector. (PhillipCFDs and ETFs for trading the market outlook can be found in the webinar slides above or the Global Macro report below. PhillipUT Wrap Account offers tactical asset allocation of unit trusts without front loading sales charge.) SECTOR/STRATEGY REPORTS:

- Sector Reports: Offshore & Marine, 26 Aug / Banking, 8 Jul / Telecommunications, 5 June / Commodities, 29 May - Country Strategy: China & HK 5 July / S’pore, 18 Jun / Thai, 17 Jun - Global Macro, Asset Strategy: 8 Jul, Update Source: Phillip Securities Research Pte Ltd

Macro Data

U.S.A.:

- GDP rose at a 2.5 percent annualized rate, up from an initial estimate of 1.7 percent. The median forecast of 79 economists surveyed by Bloomberg projected a 2.2 percent gain. - Bench mark 10-yr yields rose as the economy grew at a 2.5 percent annual pace in the second quarter, more than forecast and up from the previous estimate of 1.7 percent. The reports boosted speculation the Federal Reserve will reduce the pace of bond purchases as soon as next month. The U.S. plans to auction $29 billion of seven-year debt after a sale of five-year notes yesterday drew the least demand in four years. - Jobless claims in the week ended Aug. 24 dropped 6,000 to 331,000 from a revised 337,000 the week before that was higher than initially reported. The median forecast of 50 economists surveyed by Bloomberg called for a drop to 332,000. Eurozone:

Italy’s 10-year yield dropped two basis points, or 0.02 percentage point, to 4.39 percent after climbing to 4.48 percent yesterday, the highest since July 18. The number of Germans out of work increased by 7,000 to 2.95 million. The adjusted jobless rate stayed at 6.8 percent after falling to 6.7 percent in May 2012, the lowest since Bloomberg started to compile the data in 1991. The annual inflation rate fell to 1.6 percent this month from 1.9 percent in July. Japan retail sales unexpectedly fell by 0.3% y-y in July, compared to the market expected 0.1% y-y gain and the 1.6% y-y gain in June. On

m-m basis, retail sales fell by 1.8% y-y, after the 0.2% m-m drop in June. The nation's benchmark 10 year yield fell to the lowest level in more than 3 months, as international fund look for safe haven due to the increased likelihood of US and UK military intervention in Syria. Philippine’s economy expanded 7.5% over a year in Q2 2013, resilient against the regional slowdown and matching China’s second

quarter’s GDP growth. With GDP growth held up above 7% for the fourth consecutive quarter as President Benigno Aquino boosts spending, Philippine remains as one of Asia’s best performers, according to Bloomberg. The Philippines is “likely to surpass its 2013 growth target” of 6% - 7%, said Economic Planning Secretary Arsenio Balisacan. The nation aims to increase infrastructure spending to 25% of its budget, said Finance Secretary Cesar Purisima. After two months, the Indonesian central bank again raised the benchmark interest rates to 7.0% from 6.5%, in an attempt to defend the

plunging rupiah. Source: Phillip Securities Research Pte Ltd

Morning Note 30 August 2013

4 of 15

Source: Bloomberg

STI - Index Members

23

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Morning Note 30 August 2013

5 of 15

82.00 +0.07% 293.79 -0.64%

115.74 +2.21% 2.769 +0.01%

1,407.75 -0.24% 14,840.95 +0.11%

502.68 +1.62% Straits Times Index 3,038.03 +1.13%

21,704.78 +0.84% 13,459.71 0.91%

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

Au

g-1

2

Se

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2

Oct-1

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Nov-1

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2

Jan

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b-1

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r-13

Ap

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3

2,600

2,800

3,000

3,200

3,400

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Nov-1

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12,000

13,000

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r-13

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3

16,000

18,000

20,000

22,000

24,000

26,000

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g-1

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2

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3

6,000

8,000

10,000

12,000

14,000

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b-1

3

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1,100

1,400

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Morning Note 30 August 2013

6 of 15

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 0.560 5.7% -10.7%

WILMAR INTERNATIONAL LTD Nicholas Ong 7-Aug-13 Accumulate 3.61 3.16 0.3% 14.2%

COURTS ASIA LTD Ken Ang 14-Aug-13 Buy 1.03 0.72 -19.1% 43.1%

GENTING SINGAPORE PLC Ken Ang 7-Aug-13 Neutral 1.40 1.31 -1.5% 6.9%

COMBINE WILL INTERNATIONAL H Chan Wai Chee 20-Dec-12 Buy 0.93 0.50 -44.4% 86.0%

CORDLIFE GROUP LTD Change of Analyst 1.24

DBS GROUP HOLDINGS LTD Ken Ang 2-Aug-13 Accumulate 17.50 15.97 -7.4% 9.6%

OVERSEA-CHINESE BANKING CORP Ken Ang 5-Aug-13 Neutral 9.50 9.97 -7.2% -4.7%

UNITED OVERSEAS BANK LTD Ken Ang 2-Aug-13 Accumulate 21.80 20.26 -7.1% 7.6%

SINGAPORE EXCHANGE LTD Ken Ang 4-Jul-13 Buy 8.30 7.17 1.8% 15.8%

AMARA HOLDINGS LTD Lucas Tan 15-Aug-13 Buy 0.74 0.53 -7.9% 41.0%

CAPITALAND LTD Change of Analyst 29-Apr-13 3.01

CAPITAMALLS ASIA LTD Change of Analyst 26-Apr-13 1.83

HO BEE INVESTMENT LTD Lucas Tan 14-Aug-13 Accumulate 2.45 2.03 -5.6% 20.7%

KEPPEL LAND LTD Change of Analyst 19-Apr-13 3.37

OUE LTD Lucas Tan 5-Aug-13 Accumulate 3.24 2.73 -4.5% 18.7%

GLOBAL LOGISTIC PROPERTIES L Roy Chen 15-Aug-13 Neutral 2.80 2.67 -4.6% 4.9%

GLOBAL PREMIUM HOTELS LTD Chan Wai Chee 9-Nov-12 Buy 0.305 0.25 4.2% 22.0%

STAMFORD LAND CORP LTD Chan Wai Chee 20-Dec-12 Buy 0.76 0.55 -4.4% 39.4%

SINGHAIYI GROUP LTD Chan Wai Chee 16-Oct-12 Buy 0.016 0.022 37.5% -27.3%

Perennial China Retail Trust Roy Chen 14-Aug-13 Neutral 0.630 0.52 -6.3% 21.2%

CDL HOSPITALITY TRUSTS Change of Analyst 1.55

PARKWAYLIFE REAL ESTATE Change of Analyst 2.24

SABANA SHARIAH COMP IND REIT Change of Analyst 1.10

SATS LTD Change of Analyst 3.02

SIA ENGINEERING CO LTD Change of Analyst 4.67

SINGAPORE TECH ENGINEERING Change of Analyst 3.99

KEPPEL CORP LTD Nicholas Ong 21-Aug-13 Accumulate 12.25 10.12 -1.7% 21.0%

SEMBCORP INDUSTRIES LTD Change of Analyst 4.83

SEMBCORP MARINE LTD Nicholas Ong 2-Aug-13 Neutral 4.42 4.21 -7.9% 5.0%

HU AN CABLE HOLDINGS LTD Chan Wai Chee 21-Dec-12 Buy 0.164 0.12 7.0% 33.3%

SUNPOWER GROUP LTD Chan Wai Chee 20-Dec-12 Buy 0.250 0.16 -19.0% 54.3%

PAN-UNITED CORP LTD Joshua Tan 16-Aug-13 Accumulate 1.270 0.84 -3.5% 52.1%

BOUSTEAD SINGAPORE LTD Joshua Tan 30-May-13 Buy 1.935 1.30 -2.9% 48.8%

SINGAPORE AIRLINES LTD Change of Analyst 9.51

TIGER AIRWAYS HOLDINGS LTD Change of Analyst 0.53

NEPTUNE ORIENT LINES LTD Change of Analyst 1.06

SMRT CORP LTD Change of Analyst 1.31

COMFORTDELGRO CORP LTD Change of Analyst 1.78

HENGYANG PETROCHEMICAL LOGIS Chan Wai Chee 21-Dec-12 Buy 0.27 0.300 52.3% -10.0%

EZRA HOLDINGS LTD Nicholas Ong 15-Jul-13 Neutral 1.00 0.830 -13.1% 20.5%

EZION HOLDINGS LTD Nicholas Ong 12-Aug-13 Accumulate 2.71 2.260 -5.0% 19.9%

SINGAPORE TELECOMMUNICATIONS Ken Ang 15-Aug-13 Accumulate 3.99 3.50 -8.1% 14.0%

STARHUB LTD Phillip Research Team 7-Aug-13 Accumulate 4.37 4.09 -3.0% 6.8%

M1 LTD Ken Ang 17-Jul-13 Accumulate 3.55 3.22 5.4% 10.2%

Industrials (Capital Goods)

Commodities & Supply Chain Managers

Consumer Goods

Banking & Finance

Property (Developers)

Property (REITS)

Industrials (Transportation)

Technology & Communications

Phillip Securities Research - Singapore Stocks Coverage

Source: Phillip Securities Research Pte Ltd

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

#

Morning Note 30 August 2013

7 of 15

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 41.23 -2.9% 2.8%

GENWORTH FINANCIAL INC-CL A Wong Yong Kai 1-Aug-13 Trading Buy 17.26 11.89 -8.5% 45.2%

ICONIX BRAND GROUP INC Wong Yong Kai 6-Aug-13 Trading Buy 43.19 33.22 -2.6% 30.0%

Phillip Securities Research - US Stocks Coverage

Source: Phillip Securities Research Pte Ltd

Morning Note 30 August 2013

8 of 15

FTSE ST Breakdown (3M % Change)

STI -8.9%

-8.2%

-11.4%

-12.5%

-7.4%-11.7%

-19.8%

-5.0%

-13.5%

-10.9%

28.6%

-10.1%

-6.4%

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 Technology-8.6%

ST Healthcare

Source: Bloomberg

Last % Chg

0.440 60.0

0.520 23.8

0.355 14.5

0.535 13.8

0.009 12.5

Last % Chg

0.008 -11.1

0.220 -10.2

0.100 -7.4

0.555 -6.7

0.340 -5.6

OCEAN SKY INTERNATIONAL LTD

NEXT-GENERATION SATELLITE CO

TREK 2000 INTERNATIONAL LTD

TOP GLOBAL LTD

IEV HOLDINGS LTD

Source: Bloomberg

CIVMEC LTD

OSSIA INTERNATIONAL LTD

THAI BEVERAGE PCL

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

Turnover ('mn shares)

Top Losers (%)

ETIKA INTERNATIONAL HLDGS

UNCHANGED

LI HENG CHEMICAL FIBRE TECH

Source: Bloomberg Source: SGX

3,879

1,312

299

148

509

Turnover (S$'mn)

UP

DOWN

-11.3%

-8.5% 0.4%

ST All Share

ST Fledgling

ST Small Cap

ST Mid Cap

STI

-8.9%

-9.0%

Morning Note 30 August 2013

9 of 15

Source: Bloomberg

World Index

JCI 1.92% 4,103.59

HSI 0.84% 21,704.78

KLCI 1.04% 1,703.78

NIKKEI 0.91% 13,459.71

KOSPI 0.56% 1,918.17

SET 1.31% 1,292.53

SHCOMP -0.19% 2,097.23

SENSEX 2.25% 18,401.04

ASX 0.10% 5,092.41

FTSE 100 0.82% 6,483.05

DOW 0.11% 14,840.95

S&P 500 0.20% 1,638.17

NASDAQ 0.75% 3,620.30 COLOMBO 1.25% 5,825.06

STI 1.13% 3,038.03

Morning Note 30 August 2013

10 of 15

ETF % Change Change Last

CIMB FTSE ASEAN 40 +0.21 +0.02 9.95

DB X-TRACKERS CSI300 UCITS +0.42 +0.03 7.25

DB X-TRACKERS FTSE VIETNAM +0.05 +0.01 22.34

DB X-TRACKERS MSCI EUROPE IN -0.56 -0.30 53.28

DB X-TRACKERS MSCI INDONESIA +7.21 +0.78 11.60

DB X-TRACKERS MSCI JAPAN TRN +0.32 +0.14 43.20

DB X-TRACKERS MSCI TAIWAN +0.66 +0.12 17.94

DB X-TRACKERS CNX NIFTY UCIT +3.67 +2.84 80.19

ISHARES MSCI INDIA INDEX ETF +2.79 +0.13 4.79

LYXOR ETF COMMODITIES CRB-CD -0.36 -0.01 2.74

LYXOR UCITS ETF HANG SENG IN +0.37 +0.01 2.72

LYXOR ETF JAPAN TOPIX -1.30 -0.02 1.14

LYXOR ETF MSCI AC ASIA EX JP +0.91 +0.04 4.42

LYXOR ETF MSCI INDIA -5.49 -0.61 10.50

LYXOR ETF MSCI TAIWAN +2.19 +0.02 0.97

NIKKO AM SINGAPORE STI ETF +0.32 +0.01 3.17

SPDR GOLD SHARES -1.40 -1.93 135.90

SPDR STRAITS TIMES INDEX ETF +0.99 +0.03 3.06

ETF Performance

Source: Bloomberg

Morning Note 30 August 2013

11 of 15

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

8/30/2013 A-SONIC AEROSPACE LTD Interim 0.0017 SGD Annual 9/3/2013 9/17/2013

8/30/2013 TAN CHONG INTERNATIONAL LTD Interim 0.0250 HKD Semi-Anl 9/3/2013 9/12/2013

8/30/2013 LEE METAL GROUP LTD 2nd Interim 0.0050 SGD Quarter 9/3/2013 9/16/2013

8/30/2013 ADVANCED HOLDINGS LTD Interim 0.0030 SGD Semi-Anl 9/3/2013 9/13/2013

9/2/2013 MULTI-CHEM LTD Interim 0.0055 SGD Semi-Anl 9/4/2013 9/20/2013

9/2/2013 OCEAN SKY INTERNATIONAL LTD Interim 0.1300 SGD Irreg 9/4/2013 9/12/2013

9/3/2013 FREIGHT LINKS EXPRESS HLDGS Final 0.0050 SGD Annual 9/5/2013 N.A.

9/3/2013 XMH HOLDINGS LTD Final 0.0100 SGD Annual 9/5/2013 9/16/2013

9/3/2013 XMH HOLDINGS LTD Final 0.0100 SGD Annual 9/5/2013 9/16/2013

9/3/2013 HIAP HOE LTD Interim 0.0120 SGD Semi-Anl 9/5/2013 9/20/2013

9/3/2013 CDW HOLDING LTD Interim 0.0050 USD Semi-Anl 9/5/2013 9/13/2013

9/3/2013 KINGSMEN CREATIVE LTD Interim 0.0150 SGD Semi-Anl 9/5/2013 9/24/2013

Corporate Action: Dividend

Source: Bloomberg

EX Date Company Type Subscription Price Currency Term Record Date

10/9/2013 CHINA ENVIRONMENTAL RESOURCE Open Offer 0.2700 SGD 33 per 10 10/11/2013

Source: Bloomberg

Corporate Action: Rights

Morning Note 30 August 2013

12 of 15

Name Expected Report Date

ITE Electric Co Ltd 8/30/2013

British & Malayan Trustees Ltd 8/30/2013

Grand Banks Yachts Ltd 8/30/2013

Avi-Tech Electronics Ltd 8/30/2013

Cw Group Holdings Ltd 8/30/2013

Greater China Precision Components Ltd 8/30/2013

GLG Corp Ltd 9/2/2013

Cedar Strategic Holdings Ltd 9/3/2013

Micro-Mechanics Holdings Ltd 9/3/2013

Falcon Energy Group Ltd 9/4/2013

OKH Global Ltd 9/4/2013

HupSteel Ltd 9/4/2013

Elite KSB Holdings Ltd 9/4/2013

Mclean Technologies Bhd 9/4/2013

Digiland International Ltd 9/4/2013

Stamford Tyres Corp Ltd 9/5/2013

Popular Holdings Ltd 9/10/2013

ecoWise Holdings Ltd 9/12/2013

Low Keng Huat Singapore Ltd 9/12/2013

Freight Links Express Holdings Ltd 9/13/2013

XMH Holdings Ltd 9/13/2013

Neo Group Ltd 9/13/2013

Ipco International Ltd 9/13/2013

Jacks International Ltd 9/13/2013

Rex International Holdings Ltd 9/13/2013

Photon Kathaas Productions Ltd 9/18/2013

Datapulse Technology Ltd 9/20/2013

Sysma Holdings Ltd 9/20/2013

Sunright Ltd 9/24/2013

AEC Education PLC 9/24/2013

Nova Resources Ltd 9/25/2013

Asian Plantations Ltd 9/26/2013

T T J Holdings Ltd 9/27/2013

Vicplas International Ltd 9/27/2013

LifeBrandz Ltd 9/27/2013

Xpress Holdings Ltd 9/27/2013

Phorm Corp Ltd 9/27/2013

Yujin International Ltd 9/27/2013

GKE Corp Ltd 10/4/2013

Duty Free International Ltd 10/4/2013

Alternative Energy Ltd 10/4/2013

Cheung Woh Technologies Ltd 10/9/2013

Lian Beng Group Ltd 10/10/2013

Transit-Mixed Concrete Ltd 10/10/2013

TEE International Ltd 10/11/2013

GuocoLand Ltd 10/11/2013

Singapore Press Holdings Ltd 10/11/2013

Nico Steel Holdings Ltd 10/11/2013

GuocoLeisure Ltd 10/11/2013

Second Chance Properties Ltd 10/14/2013

M1 Ltd/Singapore 10/14/2013

Earnings Announcement - Singapore

Calendar

Source: Bloomberg

Morning Note 30 August 2013

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Date Statistic For Survey Prior Date Statistic For Survey Prior

8/30/2013 Personal Income Jul 0.20% 0.30% 8/30/2013 Credit Card Bad Debts Jul -- 21.1M

8/30/2013 Personal Spending Jul 0.30% 0.50% 8/30/2013 Credit Card Billings Jul -- 3475.9M

8/30/2013 PCE Deflator MoM Jul 0.20% 0.40% 8/30/2013 Money Supply M1 YoY Jul -- 0.183

8/30/2013 PCE Deflator YoY Jul 1.40% 1.30% 8/30/2013 Money Supply M2 YoY Jul -- 0.091

8/30/2013 PCE Core MoM Jul 0.20% 0.20% 8/30/2013 Bank Loans and Advances YoY Jul -- 17.70%

8/30/2013 PCE Core YoY Jul 1.30% 1.20% 9/3/2013 Electronics Sector Index Aug -- 5030.00%

8/30/2013 ISM Milw aukee Aug 53 52.43 9/3/2013 Purchasing Managers Index Aug -- 5180.00%

8/30/2013 Chicago Purchasing Manager Aug 53 52.3 9/4/2013 Automobile COE Open Bid Cat A 41521 -- 7622300.00%

8/30/2013 Univ. of Michigan Confidence Aug 80.5 80 9/4/2013 Automobile COE Open Bid Cat B 41521 -- 7660700.00%

9/3/2013 Markit US PMI Final Aug -- -- 9/4/2013 Automobile COE Open Bid Cat E 41521 -- 79223

9/3/2013 Construction Spending MoM Jul 0.40% -0.60% 09-13 SEP Foreign Reserves Aug -- $261.10B

9/3/2013 ISM Manufacturing Aug 54 55.4 11-16 SEP Manpow er Survey 4Q -- 15%

9/3/2013 ISM Prices Paid Aug 52.5 49 9/13/2013 Unemployment rate SA 2Q F -- 2.10%

9/3/2013 IBD/TIPP Economic Optimism Sep -- 45.1 9/13/2013 Retail Sales Ex Auto YoY Jul -- 2.60%

9/4/2013 MBA Mortgage Applications 30-Aug -- -2.50% 9/13/2013 Retail Sales YoY Jul -- -4.00%

Source: BloombergSource: Bloomberg

US Singapore

Economic Announcement

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