Singapore remains one of the best exchanges to be buying. Regardless of events in Japan Singapore still offers great value and good prospects.

Shayne Heffernan’s best buys are:

Sim Lian Group Ltd has been Upgraded by Shayne Heffernan to a Strong Buy. In a note to traders today Shayne Heffernan said Sim Lian Group Ltd Upgraded is very undervalued and could go over $1SGD in the coming year.

Sim Lian Group Limited is a Singapore-based investment holding company. The Company operates in five business segments: building construction, property development, property investment, investment holding and others.

The building construction segment includes general builders and construction contractors, general engineering, and sale of construction materials.

The property development segment includes the development of residential and commercial projects. The property investment segment includes leasing of a warehouse and industrial building and a shop unit for rental income.

CWT Ltd is a strong buy in Singapore Monday with a price target of $2.50SGD according to Shayne Heffernan.CWT was set up in 1970 as a private arm of the Port of Singapore Authority (PSA) to provide warehousing and container trucking services in support of the onset of container terminal operations.

One of the earliest logistics and trucking companies in Singapore, they diversified into other logistics and related services including the provision of warehouse management services for the storage and handling of soft and hard commodities, freight forwarding services and engineering services.

CWT was listed on the Singapore Exchange in 1993 and we continued to firmly establish our presence in the region.

Singapore listed Hongkong Land Holdings has been upgraded to a Strong Buy by Shayne Heffernan with a 2012 price target of SGD$11.

Hongkong Land Holdings Limited (Hongkong Land) is a Bermuda-based company. The Company is engaged in property investment, management and development.

The Company owns and manages five million square feet of commercial space in Hong Kong. It also develops residential properties.

In Singapore Monday The Straits Times Index fell 12.63 points, or 0.4 per cent, to end at 3,030.86.

Dealers said although Singapore shares were weaker, they managed to erase most of their early losses, as companies response to the Japan quake will be rather muted due to only minimal exposure to Japan.

Volume totalled some 977 million shares valued at S$904 million, with losers leading gainers 313 to 120.

Global Logistic Properties lost 2 cents to S$.188. The company estimated damage to its Japanese properties to be about US$38.8 million, less than one per cent of its total Japanese portfolio valuation.

CapitaLand fell 3 cents to S$3.26, while CapitaMalls dropped 2 cents to S$1.79.

Singapore Airlines finished unchanged at S$13.64, SingTel eased 1 cent to S$2.95, and DBS Group gained 10 cents to S$14.46.

Chutinush Taksinapinunt (ANISTA)

Business Development Director

Heffernan Capital Management

Suite 53 Athenee Tower 63 Wireless Road, Lumpini, Pathumwan, Bangkok 10330 THAILAND

Tel: +66 2 126 8045

Fax: +66 2 126 8080

Mobile: +66 8 5997 0635

Email : info@heffcap.com

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Posted by Shayne Heffernan on Mar 14th, 2011and filed underAsia, Equities, Latest News, Markets, News & Events.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site