Daily Archives: November 2, 2018

2Nov

Singapore Stock Watch: SGX reveals 10 new leveraged exposure products

Singapore Stock Watch:It will let SIP-qualified financial specialists take long or short positions with use on the every day execution of the fundamental stocks.

The Singapore Exchange (SGX) will welcome the posting of 10 new Single Stock Daily Leverage Certificates (DLCs) which will get five times use on Singapore blue-chip organizations and surely understood territorial stocks.

Through the Single Stock DLCs from backer Société Générale, determined speculation items (SIP)- qualified speculators will have the capacity to take long or short positions with use on the day by day execution of the hidden stocks.

“We have been getting positive input on the DLCs since first experience with the market the previous summer, and we think it is the perfect time to grow the hidden inclusion to single stocks,” Keith Chan, head of Cross Asset Listed Distribution at Société Générale’s Global Markets in Asia Pacific, said.

The main clump of stocks incorporates chosen Straits Times Index (STI) organizations, for example, DBS, UOB, OCBC, Singtel, Venture, and Keppel Corporation Limited. It likewise incorporates Hang Seng Index (HSI) stocks, for example, Tencent Holdings and Ping An Insurance Group.

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Since the presentation of the primary DLC, the turnover of DLCs exchanged on SGX has surpassed $3.5b.

“This [move] will likewise expand the scope of imaginative and alluring exchanging items offered by merchants.” SGX head of research and items Chan Kum Kong said. “With DLCs picking up footing from both retail and institutional members, we expect the interest for our recorded organized items to keep on developing couple.”

Back in July 2017, SGX was the primary bourse in Asia to offer exchanging of DLCs. SGX has the exchanging of 18 DLCs on three created showcase lists, to be specific MSCI Singapore, HSI and Hang Seng China Enterprises Index, with use levels of three, five and seven times.

SingPost reports 13% fall in 2Q income to $25 mil on coincidental reasonable esteem misfortune on warrants from partner

Singapore Post announced 2Q19 profit finished Sept of $25.1 million, down 12.9% from a year prior, due to a great extent to an excellent reasonable esteem misfortune os $2.9 million on warrants from a related organization.

Barring such irregular things, hidden net benefit was steady at $28.1 million, as working benefit enhanced 33.5% to $40 million however was balanced by offer of loss of partners of $3.6 million.

Income for 2Q19 expanded 2.2% to $368.7 million, on more grounded commitments from universal mail and property.

Income from web based business related exercises over the gathering rose 2.2% in the quarter to $189.1 million, contributing 51.3% of aggregate income.

In the post and package portion, income expanded to $176.7 million on development in cross-outskirt online business conveyances, while benefit on working exercises rose 5.1% to $42.1 million, driven by higher edges from last-mile web based business conveyances in Singapore.

The coordinations fragment turned around a misfortune in the earlier year to record a working benefit of $0.3 million on level income of $125 million due to a great extent to littler misfortunes at Quantium Solutions, which has been looking into horrible client contracts to enhance gainfulness, and solid commitments from the cargo sending business.

Working costs plunged 0.4% at $331.7 million as work and related costs limited 6.2% to $76.9 million.

Benefit on working exercises from property rose 54.1% to $13.3 million, helped by rental pay from the SingPost Center retail shopping center, which re-opened in October 2017.

For 2Q19, the governing body has pronounced a between time profit of 0.5 penny for each offer to be paid on Nov 30.

In its standpoint, SingPost says the gathering stays all around situated to profit by the development in worldwide web based business exercises in spite of the fact that it remains exceedingly aggressive while local mail volumes are relied upon to slant downwards.

“We keep on coordinating the tasks of TradeGlobal and Jagged Peak in the US, in testing economic situations,” it includes.

Year to date, shares in SingPost are down 18.3% to close at $1.04 on Friday.

2Nov

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices rebounded on Thursday from the almost three week lows reached in the previous session as the dollar weakened broadly. December gold futures were up 1.5% to $1,230.60 by 08:58 AM ET (12:58 GMT) on the Comex division of the New York Mercantile Exchange. Gold prices settled at $1,212.30 on Wednesday, which was the lowest close since October 11.
  • Oil prices fell to their lowest level in more than two months on Thursday, as indications of swelling U.S. crude stockpiles weighed. U.S. oil inventories rose by a more-than-expected 3.2 million barrels last week, the U.S. Energy Information Administration said on Wednesday. It was the sixth straight weekly climb that has seen domestic supplies swell by a total of 31.9 million barrels over that period.
  •  A vessel carrying soybeans from the United States to China changed its destination to South Korea on Thursday, shipping data showed, amid a trade war that has decimated U.S. shipments of the commodity to the world’s top oilseed importer. The Star Laura, carrying 36,000 tonnes of American soybeans loaded in Seattle in late September, was due to arrive in the eastern Chinese port of Qingdao on Wednesday, according to shipping data on Refinitiv Eikon.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Chinese President Xi Jinping on Thursday promised support for struggling private firms, pledging more tax cuts and financial aid, underscoring government resolve to support the private sector as growth slows. Xi said the government would reduce corporate burdens including value-added tax cuts and tax exemptions for small businesses and tech startups, according to the official Xinhua news agency, while promising an equal business environment for all firms.
  • Efforts to ease post-crisis banking rules probably will continue even if Democrats triumph in next week’s midterm elections and pressure regulators to reverse course. While Democrats face long odds to flip the Senate, polls show they’re poised to gain at least the 23 seats needed to retake control of the House. That would put them in charge of committees that oversee financial matters, empowering them to summon agency heads and grill them about deregulation efforts championed by President Donald Trump.
  • The European Union on Thursday called for China to take concrete steps to further open its market to foreign firms and provide a level playing field, saying it would not sign up to any political statement at next week’s major import fair in Shanghai. The EU’s statement comes on the eve of a trade expo that Beijing hopes to use to signal its willingness to narrow trade deficits and assuage outside concern about its trade practices.

2nov5

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