Monthly Archives: April 2018

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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