MARKET UPDATES :
- SINGAPORE share prices opened higher on Monday with the Straits Times Index up 5.63 points to 3,228.18.Volume was 63.5 million shares worth S$111.9 million Gainers outnumbered losers 86 to 39.
- ISOTeam intends to acquire four local companies for an aggregate consideration of about S$11.0 million, under a plan to become a complete building and maintenance team, said the repairs, redecoration, addition and alteration specialist on Monday. The four companies are Accom International, Accom Pte Ltd, Industrial Contracts Marketing (ICM) and Rong Shun Landscape & Construction.
- A MAJOR stumbling block to Malaysia’s ambitious multi-billion dollar bank merger between CIMB Group, RHB Capital and Malaysia Building Society Bhd may have been cleared, owing to high-level talks between the leaders of Malaysia and Abu Dhabi.
- A STRONG opening for Europe and expectations of a strong session for Wall Street helped the Straits Times Index (STI) on Tuesday close 21.69 points higher at 3,202.74 after an indifferent session in the morning and most of the afternoon.Turnover amounted to a mediocre 1.1 billion units
- The dim stock market dragged Singapore Exchange’s (SGX) fiscal first quarter down by 16 per cent, but some bright spots could be found in the market operator’s derivatives business and liquidity improvement measures.Net profit for the period ended Sept 30 slid to S$78
- This week should decide the epic October battle between bulls and bears as verdicts on third-quarter economic growth, Federal Reserve policy and corporate earnings all hit the tape.US stocks rallied last week and major indices accumulated their biggest weekly gains in more than a year as
- IT’S an uncomfortable question that’s being asked. With heightened costs and yet unclear benefits, whether Singapore’s economic restructuring policy is working out is an issue that is increasingly coming to the fore.
- The recent weeks have seen preliminary Q3 GDP growth estimates falling short of expectations, the unusual situation of core inflation surpassing headline inflation, and apointed International Monetary Fund (IMF) report flagging the threat to Singapore’s competitiveness. And still, the latest round of economic restructuring, with its stress on lifting productivity and curbing cheap foreign labour, is well into year five without yielding significant countable gains
- THIS week should decide the epic October battle between bulls and bears as verdicts on third-quarter economic growth, Federal Reserve policy and corporate earnings all hit the tape.
STOCK RECOMMENDATION :
- BUY CAPITALAND LTD ABOVE 3.130 TG 3.180, 3.240, 3.320 SL 3.070