Daily Archives: August 16, 2018


Singapore Stocks Watch: Singapore shares end bring down on Thursday

Offer costs in the Singapore bourse shut lower on Thursday, with the key Straits Times Index down 22.19 focuses, or 0.7 for each penny, to 3,211.93.

Around 1.52 billion offers worth S$1.05 billion altogether changed hands, which worked out to a normal unit cost of S$0.69 per share. Failures dwarfed gainers 256 to 158.

The most effectively exchanged stock was Oceanus Group, which shut unaltered at 0.5 Singapore penny with 79.4 million offers evolving hands. Different actives included Yangzijiang Shipbuilding and Thai Beverage.

Singapore Stocks Watch: ASL Marine, Aspial, CFM, Heeton, KSH, Vibrant, Stratech

THE accompanying organizations saw new improvements which may influence exchanging of their offers on Thursday:

ASL Marine: The shipbuilder and vessel charterer on Wednesday night said it hopes to report a net misfortune for the final quarter and entire year finished June 30, in results to be discharged on Aug 29. The normal misfortune is principally because of powerless commitment from the shipbuilding section and hindrance misfortunes, it said.

Aspial Corp: The gems and property organization declared on Thursday morning an obligation buyback program to repurchase up to S$10 million of a remarkable S$74 million of 5.5 for every penny notes due in November.

CFM Holdings: The metal-stamping firm hopes to record a net misfortune after expense for its 2018 monetary year due predominantly to arrangement for suit charges and terrible obligations discounted. It expects anyway that net misfortune after expense for 2018 to be essentially lower than the net misfortune after duty for the monetary year finished June 30, 2017.

Heeton Holdings and KSH Holdings: The organizations have together obtained the Smile Hotel Asakusa in Tokyo, Japan, they said on Wednesday night. Heeton will have a 70 for every penny stake and KSH 30 for each penny in the obtaining, which is the couple’s second lodging property in Japan. The obtaining total was not revealed.

Energetic Group: The organization on Wednesday night said an engine vehicle transporting certain bookkeeping records of a unit of backup Blackgold International Holdings burst into flames almost a coal mine in China on Aug 9. The fire is suspected to be a ponder demonstration to wreck records and occurred about multi month after the gathering declared that its evaluators have discovered bookkeeping abnormalities in specific units of Blackgold, said Vibrant.

Stratech: The reconnaissance tech firm on Wednesday said it has consented to put out a possible 58.4 for each penny stake in itself to a private value speculator for US$20 million and to change over about S$8.75 million of credits into shares.








  • Gold prices recovered from an 18-month low on Tuesday, as the U.S. dollar softened, . Comex gold futures for August delivery rose 0.47% to $1,204.50 a troy ounce as of 10:37 AM ET (14:37 GMT). Gold fell to an 18-month low on Monday, after economic turmoil in Turkey caused the Turkish lira to plunge to an all-time low of 7.1289. The lira recovered on Tuesday, breaking a 5-day losing streak after the country’s central bank pledged to provide liquidity in response to a meltdown that led to a global sell-off in equities.
  • Prices for U.S. farm exports dropped in July by the most in more than six years as a trade war with China heated up, Labor Department figures showed Tuesday. Agricultural export prices fell 5.3 percent from the prior month, the biggest drop since October 2011, as soybean prices plummeted 14.1 percent. Export prices for corn, wheat, fruits and nuts also slumped in July. The overall export price index dropped 0.5 percent, the most since May 2017, the department said.
  • Oil prices rose on Tuesday after reports revealed that top exporter Saudi Arabia cut production one month after it agreed the Organization of the Petroleum Exporting Countries (OPEC) to produce more crude. Meanwhile, OPEC remains positive on overall demand. Brent Oil Futures for October delivery went up 0.30% to $72.83 per barrel at 1:00AM ET (05:00 GMT), while Crude Oil WTI Futures for September delivery also edged upwards by 0.45% to $67.50 per barrel.



  • A planned budget for the euro zone could be integrated into the broader spending funds of the European Union, Chancellor Angela Merkel said on Tuesday, adding she sees no immediate need for a finance minister for the currency bloc. Speaking to residents of the eastern city of Jena during a “town hall” meeting, Merkel repeated her support for an agreement reached with France in June to boost investments and strengthen economic convergence in the euro zone.
  • Major Tesla Inc (O:TSLA) shareholder, Fidelity Investments, cut its stake in the electric automaker by 21 percent during the second quarter, before Chief Executive Elon Musk announced his plan to take the company private earlier this month. FMR LLC, the Boston-based manager of the Fidelity funds, sold 3 million shares, or a fifth of its stake, and held under 11.2 million shares by June 30, it said in a filing with the U.S. Securities and Exchange Commission (SEC) late on Friday.
  • The Turkish lira crisis is far from over. The country is potentially heading into a balance-of-payments crisis, according to UBS. President Tayyip Erdogan has made multiple speeches showing that he does not understand basic economics. Without a sharp rise in interest rates, which Erdogan opposes, Turkey may have to restrict cash withdrawals from banks or get a bailout from the IMF.


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