Daily Archives: October 16, 2018


Singapore Stocks Watch: STI resumes Tuesday evening exchanging lower at 3,037.42, down 0.3% on day

Singapore Stocks Watch-
SINGAPORE stocks continued evening exchanging a negative area on Tuesday, with the Straits Times Index falling 8.55, or 0.3 percent to 3,037.42 as at 1.04pm.

Gainers dwarfed washouts 152 to 142, after around 862.2 million offers worth S$440.4 million changed hands.

The most effectively exchanged counter was Allied Technology, which rose 5.3 percent, or 0.1 Singapore penny to two Singapore pennies each, with 56.8 million offers exchanged.

Other dynamic list stocks included DBS which fell just about 1 percent to S$24.24, and OCBC which lost 0.6 percent to S$10.60.

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Singapore Stocks Watch: TEE International, Asian Healthcare Specialists, 8Telecom, HMI, C&G

THE accompanying organizations saw new advancements which may influence exchanging of their offers on Tuesday:

TEE International: TEE International has secured building contracts worth about S$58 million that brings its exceptional request book to about S$304 million, the designing, foundation and land assemble said on Tuesday morning in a Singapore Exchange declaration.

Asian Healthcare Specialists: Orthopedic administrations supplier Asian Healthcare Specialists (AHS) declared on Monday night that it has entered an into speculation concurrence with Vanda 1 Investments, or, in other words controlled by Temasek Holdings unit Heliconia Capital Management.

8Telecom International: 8Telecom went into a concurrence with Tai Yang Technology on Monday after the market shut to formally end a prior membership understanding reported on June 25, under which 5.6 million new conventional offers in the organization would have been issued to Tai Yang for a total thought of S$576,800.

ST Engineering: ST Engineering declared on Monday that for the second from last quarter of 2018, its aviation part anchored new contracts worth about S$590 million, for administrations extending from airframe, motor and segment support to motor wash

Propelled Holdings: Advanced Holdings has asked for an exchanging end before business sectors opened on Tuesday morning, pending a declaration. It has proposed to obtain Agricore Global by means of a turn around takeover, and in its keep going declaration on the securing plans, stretched out the long stop date to Oct 12.








  • The United States still aims to cut Iran’s oil sales to zero and does not expect restored oil sanctions against Tehran to have a negative impact on a market that is well-supplied and balanced, a senior U.S. official said on Monday. U.S. special envoy for Iran Brian Hook was talking to reporters after a visit to India, a major importer of Iranian oil, and talks with officials from France, Britain and Germany before the start of a new round of U.S. sanctions on Nov. 4 targeting Iran’s energy sector and financial transactions.
  • Oil prices steadied on Monday as tension over the disappearance of a prominent Saudi journalist stoked supply worries, balancing concerns over the long-term demand outlook. Benchmark Brent crude oil jumped by $1.49 a barrel to a high of $81.92 before giving up its gains to trade around $80.38, down 5 cents, by 1345 GMT. U.S. crude was down 5 cents at $71.29.
  • Gold prices surged around 1% on Monday to reach the highest level in three months as a combination of concerns over rising U.S. yields and the impact of trade conflict, along with geopolitical risks and a weaker dollar, underpinned demand for the precious metal. December gold futures were up $13.00 or 1.06% to $1,234.90 by 08:36 AM ET (12:36 GMT) on the Comex division of the New York Mercantile Exchange after rising as high as $1,236.90 earlier, the most since mid-July.



  • When people over the age of 50 get divorced, retirement accounts become a key asset, even more so sometimes than the house or alimony. Lawyers and feuding couples are bracing for big changes at the end of 2018 for how these assets get split up. While most of the tax law changes that were signed at the end of 2017 are in effect for the current tax year, the divorce disruption does not kick in until Jan. 1, 2019.
  • North and South Korea agreed on Monday to begin reconnecting rail and road links, another step in an improving relationship that has raised U.S. concern about the possible undermining of its bid to press the North to give up its nuclear program. The agreement on transport links came during talks in the border village of Panmunjom aimed at following up on the third summit this year between South Korea’s President Moon Jae-in and North Korean leader Kim Jong Un, last month.
  • Labor unrest is on the rise at two centers in India where motorcycles and components are manufactured, underlining the problems Prime Minister Narendra Modi’s government faces in creating new manufacturing jobs that are sustainable and pay attractive wages. Motorbike makers, such as Japan’s Yamaha (T:7272), and India’s Eicher Motors(NS:EICH) – maker of the iconic Royal Enfield motorcycles – have been hit hard by walkouts, although major carmakers have been largely unscathed.


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