Singapore shares rose, after Wall Street hit a record close
amid signs of a continued economic recovery in the United
The Straits Times Index was up 1 percent at
3,280.62, matching the rise in MSCI's broadest index of
Asia-Pacific shares outside Japan.
Shares of oil and gas provider Ezion Holdings Ltd
jumped as much as 3.5 percent to a record high of S$2.08 on
OCBC Investment Research said Ezion Holdings had performed
"extremely well" in 2012 and its outperformance had continued
"We expect the group to secure more contracts, solidifying
its earnings base with the deployment of additional assets,"
OCBC said in a report.
The brokerage has an 'overweight' rating on the oil and gas
sector and maintains its preference for companies with earnings
growth or sustainability backed by a strong order book and a
positive outlook for their industry subsegment.
Its stock picks are Ezion, ASL Marine Holdings Ltd
, Keppel Corp Ltd and Sembcorp Marine Ltd
1430 (0630 GMT)