The Business Times
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Brokers' take

Published Mon, Jun 6, 2016 · 09:50 PM

    Straits Times Index DBS Group Research, June 6

    The STI's gradual rise from 2,700 to 2,800 over the past three weeks is in line with our expectation for a 2,700 to 2,835 range.

    STI's rise will likely stay guarded pending the June 15 Federal Open Market Committee meeting and June 23 Brexit referendum outcomes.

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    Sats has signed a pact with KLN Logistics to advance temperature-controlled and time-critical shipments.

    Stocks to watch: Sats, Yangzijiang Shipbuilding, SBS Transit, GuocoLand

    The Treasury market has ballooned to about US$32 trillion from around US$4.5 trillion since 2007, pushing the federal debt to more than 100% of US GDP.

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