Monthly Archives: April 2018

30Apr

Singapore stocks: STI resumes Monday evening at 3,617.06, up 1.1%

SINGAPORE stocks continued exchanging on Monday evening in positive region, with the Straits Times Index ascending by 39.85 focuses or 1.1 for every penny, up on the day to 3,617.06 as at 1pm.

Gainers dwarfed washouts 188 to 148.

Around 1.29 billion offers worth S$931.5 million altogether changed hands.

The most effectively exchanged counter was Magnus Energy, which was level at S$0.001 with 70.7 million offers evolving hands. Different actives included Ezion and Thomson Medical.

Dynamic list stocks included DBS Bank at S$30.84, up by S$0.84 or 2.8 for each penny, and OCBC Bank at S$13.86, up by S$0.21 or 1.54 for every penny.

Effective Sentosa relaunches are the best impetus for profoundly marked down Ho Bee

Phillip Securities is remaining positive with Ho Bee Land given the property aggregate is wanting to relaunch its Sentosa properties with an aggregate 151 unsold units at the Turqoise and Seascape anticipated that would be put on special this year.

The examination house notes there was an expansion in auxiliary executed volumes of Sentosa apartment suites in 1Q18 of 17 units, the most noteworthy since 2012 despite the fact that executed costs are as yet moping around $1,600 psf.

In a Monday report, examiner Tan Dehong is expecting a traditionalist $1,500 psf esteem for these properties in his RNAV estimate.

“Fruitful relaunches and monetisation for the Sentosa properties over our accepted $1,500 psf capital esteem will be impetuses for a narrowing of the markdown and overhaul in RNAV,” says Tan.

What’s more, Ho Bee’s Metropolis office towers at North Buona Vista Drive stay 100% rented with 30% are expected for expiries this year.

Administration anticipates that Metropolis will accomplish insignificantly level to somewhat positive rental inversions albeit Tan anticipates that level will low single-digit inversions with normal rents falling inside the $7.50-$8 territory.

Right now, Metropolis contributes 55% of aggregate rental pay by Phillips’ assessments.

Ho Bee has likewise secured a foothold into Continental Europe with its speculation into a property finance.

The aggregate EUR 90 million ($144 million) venture will be into a Credit Suisse European property subsidize and a business working in Munich.

The store’s focused on net IRR could hit “twofold digit”, administration has guided.

In spite of the positives, Ho Bee hasn’t added new option to arrive bank stock as administration has received a preservationist technique in its offering, says Tan.

Tan notes that the gathering has been to a great extent missing from the different GLS offers in the course of recent years, with just the main offer coming in the Punggol EC arrive site which came in 27% lower than CityDev’s triumphant offered of $583 psf.

By and by, Tan says Ho Bee’s FY17 intermittent rental wage is adequate to cover 2.8 times FY17 customary profit of 8 pennies for each offer.

“Viewpoint for the repeating salary portfolio is steady. We keep on staying positive for its stable repeating wage and underestimated top of the line property portfolio,” says Tan.

At its present offer cost of $2.56, Ho Bee is exchanging at a lofty 45% rebate to NAV, beneath its post GFC normal P/NAV of 0.63 and one of the steepest rebates among privately recorded designers.

Phillip is looking after its “aggregate” with unaltered RNAV-inferred target cost of $2.98.

27Apr
nzd-usd

NZD/USD : Forex Technical Analysis

NZD/USD Technical Strategy: FLAT

* NZ Dollar on the cusp of the most exceedingly awful losing streak in almost 3 years

* Day by day, 4-hour diagram imply a remedial bob might be underway

* Searching for recuperation to yield an opening to enter short position

The New Zealand Dollar is on the cusp of the most exceedingly terrible losing streak in almost three years however a remedial bob may go before encourage shortcoming. Costs have succumbed to eight sequential to meet help at 0.7049, the half Fibonacci development. An every day close beneath that uncovered the 61.8% level at 0.6957.

27-4-1
A rearranged Hammer candle over this boundary cautions of uncertainty and a gander at shorter-term situating strengthens the case for a bob. The four-hour outline uncovers positive RSI dissimilarity as costs float underneath the 0.71 figure, indicating at ebbing drawback force that may go before a remedial rise.

27-4-2
Considering that, selecting to sit tight for a ricochet to search for offering openings appears to be judicious. Back on the day by day outline, the primary layer of noteworthy protection comes in at 0.7140 (38.2% Fib, channel floor), trailed by the 23.6% extension at 0.7254.

27Apr

Singapore stocks: STI continues flat level on Friday evening at 3,570.29

SINGAPORE stocks continued exchanging level on Friday evening, with the Straits Times Index crawling up 0.27 point to 3,570.29 as at 1.01pm.

The field was generally equally coordinated with 176 gainers to 166 failures, after around 1.63 billion offers worth S$661.1 million changed hands.

The most effectively exchanged counter by volume was Ezion, which fell 5.5 for each penny, or 0.7 Singapore penny to 12.1 Singapore pennies, with 112 million offers exchanged.

Other dynamic list stocks included Singtel which was up 0.9 for each penny, or three Singapore pennies to S$3.47; and Venture Corp which was down 0.5 for each penny, or 12 Singapore pennies to S$22.10.

 

Singapore economy to develop consistently regardless of dangers from worldwide exchange strains: MAS

SINGAPORE: The economy is required to stay on its extension way for 2018, regardless of drawback dangers achieved in terms of professional career pressures between two of the world’s greatest economies, United States and China.

The Monetary Authority of Singapore (MAS) said in its half-yearly Macroeconomic Review on Friday (Apr 27) that development will to a great extent originate from exchange related areas, for example, hardware, as the nation keeps on utilizing on supported request in the worldwide gadgets industry.

In any case, while worldwide tech development is anticipated to stay firm, it is required to proceed at a more controlled pace as the worldwide monetary cycle develops.

In any case, development energy is required to stay solid as an enhancing work showcase and expanded customer spending will probably prompt positive overflow impacts for Singapore.

MAS additionally advised that worldwide exchange strains between the US and China have represented some drawback dangers to Singapore’s economy.

Because of solid modern connections amongst Singapore and China, the burden of US duties on Chinese items would affect Singapore’s total national output (GDP).

23Apr

Singapore shares shut everything up by 0.17% on Monday

SINGAPORE shares saw an uneventful session on Monday, with the Straits Times Index edging up by 6.16 focuses, or 0.17 for every penny, to 3,579.54.

Turnover on the bourse was 1.57 billion offers, worth S$1.14 billion taking all things together, as washouts beat gainers 215 to 156.

Keppel Corporation, which is in talks for ventures in the Tortue gas field, included S$0.08, or 0.97 for every penny, to S$8.29.

Wander Corporation quit for the day S$0.28, or 1.11 for every penny, at S$25.57, in the wake of dropping by more than 12 for every penny at the past close.

Off the list, Ezion Holdings beat the actives list on 65.95 million offers.

It finished around 0.3 Singapore penny, or 1.73 for every penny, to S$0.17.

 

Singapore expansion facilitates to 0.2% in March 2018

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Singapore’s feature swelling rate facilitated to 0.2 for every penny in March from 0.5 for every penny in February, for the most part because of a littler increment in the costs of administrations and a fall in private street transport cost.

Center expansion – which bars the expenses of convenience and private street transport – facilitated to 1.5 for each penny in March from 1.7 for every penny the earlier month, reflecting lower administrations swelling.

Information discharged by the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) on Monday (Apr 23) demonstrated that the cost of private street transport fell by 0.6 for each penny in March, turning around the 0.6 for each penny increment the earlier month. This came as auto costs fell after a decrease in Certificate of Entitlement (COE) premiums, MAS and MTI said in a discharge.

Administrations expansion eased back to 1.4 for each penny in March from 1.9 for every penny in the earlier month, basically reflecting littler year-prior increments in air admissions and occasion costs.

Nourishment expansion plunged to 1.4 for every penny in March from 1.5 for each penny a month sooner because of a littler increment in the costs of non-cooked sustenance things and arranged suppers.

The cost of convenience fell by 3.4 for every penny in March, directing somewhat from the 3.6 for every penny decrease in the previous month, as the fall in lodging rentals facilitated.

Market analysts surveyed by Reuters had anticipated that feature expansion would increment 0.5 for every penny and for center swelling to rise 1.7 for each penny in March.

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20Apr

Singapore shares open lower on Friday; STI down 0.5%

Singapore stocks opened 0.5 for every penny bring down on Friday, with the Straits Times Index dropping 19.57 focuses to 3,579.16 as at 9.05 am.

Around 75.3 million offers worth S$172.6 million altogether changed hands, which worked out to a normal unit cost of S$2.29 per share.

The most effectively exchanged counter is exchanging debutante SLB Development, which was level at S$0.25 with 17.99 million offers evolving hands. Different actives included Asian Healthcare Specialists, likewise influencing its exchanging to make a big appearance level at S$0.335 an offer and LifeBrandz, with 4.66 million offers exchanged at S$0.013 each.

Failures dwarfed gainers 96 to 49.

Overnight, Wall Street stocks withdrew on Thursday following blended corporate profit reports as a bounce in Treasury security yields restored stresses over higher loan costs.

Tokyo stocks likewise opened lower on Friday morning following the plunge on Wall Street

SGX

Fragrance  costs S$125m, 6.125% settled rate notes due 2021

Fragrance Group declared the evaluating of S$125 million, 6.125 for each penny settled rate notes due 2021, which will be issued under the organization’s S$1 billion multicurrency obligation issuance program.

To be issued in categories of S$250,000, the notes are required to be issued on Apr 26, 2018, and develop on Apr 26, 2021.

The organization said that net continues from the issue will go towards general corporate purposes, including financing speculations and general working capital.

Among others, Lim Wan Looi, the organization’s official executive and spouse of CEO Koh Wee Meng, has bought in for S$5 million in notes, adding up to 4 for every penny of the aggregate issuance.

Tan Su Lan, Mr Koh’s mom, has brought in for S$4 million worth or somewhere in the range of 3.2 for every penny.

Credit Suisse (Singapore) Limited and Oversea-Chinese Banking Corporation Limited have been named as joint lead chiefs and book runners for the issue, while SAC Capital has been delegated as co-director of the notes.

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20Apr
AUD-USD

Forex Technical Analysis : AUD/USD

AUD/USD Technical Strategy: Flat

Australian Dollar rejected lower at two-month channel protection

Break of counter-slant line expected to affirm bearish resumption

Strategic long exchange ugly missing an obvious bullish flag

The Australian Dollar drew back from channel protection controlling it bring down since mid-February, with affirmation of down pattern resumption everything except secure. In any case, the close term arrangement of higher highs and lows stays in place, contending against accepting take after on soft spot for the present.

An every day close underneath incline line bolster – now at 0.7709 – opens the way to challenge the urgent 0.7625-53 group (38.2% Fibonacci extension, March 29 low, two-year drift line). On the other hand, push over the 0.7813-31 zone (April 19 high, 38.2% Fib retracement) uncovered the half boundary at 0.7889.

Costs are sitting decisively at prompt graph bolster, influencing a short position to seem ugly from a hazard/remunerate point of view. Then again, the easiest course of action keeps on pointing descending and missing indications of bottoming caution against taking up the long side, even strategically. Remaining level appears to be generally judicious.

AUD/USD

18Apr

Singapore stocks: STI resumes Wednesday evening at 3,545.92, up 1.4%

SINGAPORE stocks continued exchanging on Wednesday evening in positive domain, with the Straits Times Index rising 1.4 for every penny or 47.72 indicates on the day 3,545.92 as at 1.01pm.

Gainers dwarfed failures 180 to 150, or around six up for each five down, with 1.10 billion offers worth S$740.1 million altogether evolving hands.

For the second day in succession, the most effectively exchanged counter was Ezion, which fell S$0.023 to S$0.171 with 112.56 million offers evolving hands. Different actives included Magnus Energy, level at S$0.001 with 100.01 million offers exchanged and JEP, up by S$0.001 to S$0.064 with 17.54 million offers exchanged.

Dynamic list stocks included DBS Group Holdings, up 1.98 for every penny or S$0.57 to S$29.30; and CapitaLand, up 1.64 for each penny or S$0.06 to S$3.71.

Epic Research Singapore

Singapore hopes to support reciprocal ventures, exchange with Shandong

SINGAPORE and the eastern Chinese region of Shandong will investigate approaches to increment reciprocal ventures and exchange and speculation participation added to the Repertoire and Road Initiative at their yearly business committee meeting not long from now.

These were among zones of collaboration talked about by Senior Minister of State for Communications and Information and Health Chee Hong Tat, who co-seats the Singapore-Shandong Business Council, and Chinese authorities amid his visit to the region this week.

Mr Chee met the Shandong bad habit senator Ren Airong, his co-seat of the business chamber, on Monday at the common capital of Jinan.

On Tuesday, Mr Chee, who was joined by a designation of Singaporean business pioneers and authorities, went by the territory’s port city of Yantai where he met the city’s gathering secretary Zhang Shuping.

Amid their gatherings, Mr Chee and the Chinese authorities insisted the positive relations amongst Singapore and Shandong and examined approaches to additionally increment reciprocal ventures and exchange.

16Apr
forex

Today’s Forex Market Insight

INTERNATIONAL CURRENCY BUZZ
Forex -EUR/USD ends week higher, still unable to move away from 1.2300
Forex- GBP/USD tests 2018-high ahead of UK data-intensive calendar this week
Forex- EUR/GBP: Brexit trade talks to undermine the pound–Rabo bank
EUR/USD
The EUR/USD pair remained above 1.2300 on Friday and rose marginally. It found resistance at 1.2350 it was about to end the week with a gain of around 50 pips. The pair peaked on Wednesday at 1.2395 and then bounced to the downside following the release of the FOMC minutes. It continued to correct lower on Thursday weakened by the ECB minutes. The decline was capped by 1.2300 and then, euro rebounded modestly, rising to 1.2350. While the tone of the Fedwas seen as “hawkish”, the ECB offered no signals of potential talks about the exit strategy. On a wider perspective, EUR/USD continues to move around the 1.2300 area. Since February it is moving sideways without a clear direction. Last week it found support on an uptrend line from November lows. That line stands at 1.2250/60 at the moment, and a break lower could be seen as a bearish signal from a technical perspective.
EUR/USD
GBP/USD
The GBP/USD is trading at around 1.4253 up 0.17% on Friday. It is trading close to key resistance levels with the 200- period simple moving average on the weekly chart at 1.4245 and the 2018 high at 1.4346. Earlier on Friday, the pound tested levels not seen since January 25 (2018 high). In the absence of significant data from the UK, the pair is mainly driven by the general market sentiment, the speeches from Fed’s member in the US and the technical outlook. It will be a data- intensive calendar for the cable next week with the UK inflation, labor market and retail sales data. The data will be closely looked by investors as the Bank of England will be watching for clues to hike sooner rather than later. On the other side of the Atlantic, next week will see the US retail sales report for March, housing starts for March, building permits and a plethora of Fed’s members’ speeches.
GBP/USD
16Apr

Singapore stocks: STI resumes evening exchanging at 3,488.95, down 0.4% on Monday day

SINGAPORE stocks entered the evening exchanging session bring down on Monday, with the Straits Times Index shedding 12.35 focuses, or 0.4 for each penny to 3,488.95 as at 1pm.

Washouts dwarfed gainers 238 to 93, after around 792.9 million offers worth S$452.2 million changed hands.

The most effectively exchanged counters by volume were Rowsley which fell 17.4 for every penny, or 2.1 Singapore pennies to 10 Singapore pennies with 72 million offers exchanged; and mDR which was up 33.3 for every penny or 0.1 Singapore penny to 0.4 Singapore penny with 24 million offers exchanged.

Other dynamic file stocks included Genting Singapore which fell 0.8 for each penny to S$1.17, and Singtel which was down 0.3 for every penny to S$3.36.

 

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Stocks to watch: UOB, Yanlord Land

SINGAPORE – The accompanying organizations saw new improvements that may influence exchanging of their offers on Monday (April 16):

Joined Overseas Bank (UOB): UOB has gone into a concurrence with Beijing-based budgetary innovation firm Pintec Technology Holdings to set up a joint wander organization, Avatec.ai. UOB will have a 60 for every penny stake in the joint wander, while Avatec will have an issued and paid-up capital of up to S$10 million and turn into a backup of UOB. Offers in UOB exchanged 1.11 for every penny, or S$0.31 higher to close at S$28.24 each on Friday.

Yanlord Land Group: Yanlord has commanded DBS Bank, The Hongkong and Shanghai Banking Corp and Standard Chartered Bank as joint worldwide organizers, bookrunners and lead directors to raise US dollar-designated senior notes, the property bunch declared on Monday. The advertising of the notes will occur in Singapore and Hong Kong. This will be Yanlord Land’s first obligation raise since S&P updated its FICO assessment by one indent to “BB” from “BB-” in March with a steady standpoint. The counter exchanged at S$1.76 on Friday, up 0.57 for every penny, or one Singapore penny.

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