Monthly Archives: December 2018

31Dec

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold’s target for $1,300 remains intact, but gold bugs seem in no hurry to get there, awaiting equity markets to sink for the next big gold move higher. COMEX gold futures hit new six-month highs on Friday, reaching $1,284.55 per troy ounce. But instead of settling at those peaks in a push toward $1,300, the market gave back some, to finish up $1.45, or 0.1%, at $1,280.65.
  • The U.S.-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology – and above all, agriculture. Broad pain from trade tariffs outlined by several economists shows that, while specialized industries including U.S. soybean crushing benefited from the dispute, it had an overall detrimental impact on both of the world’s two largest economies.
  • The Trump administration on Friday said limits on mercury emissions from coal-fired power plants were unnecessary as they were too costly, sparking an outcry from environmentalists who feared the next step would be looser rules favoring the coal industry at the expense of public health. Under the Mercury and Air Toxic Standards, or MATS, enacted under former President Barack Obama, coal-burning power plants were required to install expensive equipment to cut output of mercury, which can harm pregnant women and put infants and children at risk of developmental problems.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • China will restrict imports of scrap steel and aluminum from July 1, the environment ministry said on Saturday. Scrap steel and aluminum would be moved from an unrestricted import list of solid waste products usable as raw materials to a restricted import list, the Ministry of Ecology and Environment said in a statement. Relevant departments were researching the formulation of standards for recycled copper and aluminum, it said.
  • The Federal Emergency Management Agency (FEMA) said on Friday it will resume issuing new flood insurance policies during the partial U.S. government shutdown, reversing a decision announced two days ago. FEMA, which oversees the National Flood Insurance Program, said it was rescinding guidance issued on Wednesday that it would not be able to sell new policies during the shutdown unless Congress passes legislation reauthorizing the program.
  • President Donald Trump threatened on Friday to close the southern U.S. border with Mexico unless he gets the money he wants for a wall, raising the stakes in a standoff that will present an immediate test next week for the new U.S. Congress. When Nancy Pelosi and the Democrats take control of the U.S. House of Representatives on Thursday, they plan to quickly approve a spending measure meant to end a partial government shutdown that began on Dec. 22, triggered by Trump’s demand for $5 billion in funding for his proposed wall.

GOLD TRADING FORECAST TODAY

For More information and daily updated SGX stock picks, Comex signals, Forex signals Click here – http://www.epicresearch.sg or Whatsapp us at +917312580605

28Dec

Stocks to watch in 2019: OUE Lippo Healthcare, Creative, Second Chance, Manulife US Reit, Keppel-KBS US Reit

Singapore Stocks To Watch :
The accompanying organizations saw new improvements which may influence the exchanging of their shares :

OUE Lippo Healthcare: The firm said on Thursday night that the consultation for the Crest substances’ affable intrigue has been settled for a date between Aug 5 and 23 one year from now under the steady gaze of the Court of Appeal. Also, at a conference on Dec 24, the Court expelled the Crest substances’ application to strike out the organization’s activity against it. Thusly, the organization’s case in that suit against the Crest substances and the Crest beneficiaries to set aside the closeout of the charged offers will keep on continuing.

Inventive Technology: Creative was questioned by the Singapore Exchange (SGX) on irregular offer value development on Thursday, after its offers tumbled toward the evening. The stock was down 52 Singapore pennies or around 13 percent to S$3.42 by 3.40pm, with SGX’s inquiry coming in at 3.45pm. Reacting at 7.08pm, Creative said that it didn’t know about whatever may clarify the irregular value developments, and affirmed its consistence with the posting rules.

Second Chance Properties: The mainboard-recorded firm observed its first-quarter net benefit dive 90 percent to S$218,000 for the three months finished Nov 30, 2018, contrasted with S$2.23 million for the year-back period. Contributing the most to the misfortune was the securities section, which detailed a S$0.95 million misfortune for Q1 2019, contrasted with a S$0.97 million benefit for Q1 2018.

Manulife US Reit: Manulife US Reit said on Thursday that it expects that the proposed new United States assess directions won’t have any material effect on its solidified net substantial resources or conveyance per unit (DPU), in view of exhortation from its US charge consultants. It likewise expects extra assessment cost to be close to 1 percent of distributable pay before salary charge.

Keppel-KBS US Reit: Keppel-KBS US Reit likewise said it anticipates that the proposed US controls – and up and coming duty changes in Barbados where it has substances – won’t have any material effect on its particular merged net unmistakable resources or DPU.

Download our Free Ebook  on Singapore Stocks Market and also get best Singapore Stocks Tips from Experienced Analyst, Click here SGX Stock Tips

Increasingly foreign Reits liable to list in Singapore in 2019 as financial specialists look for safe houses: Credit Suisse

SINGAPORE’S value market could see more Reit postings in 2019 as outside posting premium grabs, couple with financial specialists’ day of work to more secure shelters, said venture bank Credit Suisse.

Tan Kuan Ern, head of Singapore inclusion, speculation keeping money and capital markets, said the quantity of switch enquiries from remote patrons hoping to show US or European resources in Singapore has hopped to the most he has found over the most recent five years.

Truth be told, “it’s to the point that we currently must be somewhat specific with respect to what we think will truly move, and what we figure financial specialists will need”.

Mr Tan trusted backers’ marking and dimension of name acknowledgment will be essential in speaking to speculators, who right now have a menu of 42 privately recorded Reits and property trusts to look over. Specifically, remote supporters who accomplice surely understood nearby elements can improve the situation, he stated, refering to the case of Keppel-KBS US Reit.

Customarily saw as more secure asylum resources, Reits saw a net inflow of S$28.1 million from institutional financial specialists in November, following two successive long periods of net outpourings, passing by Singapore Exchange information. What’s more, all in all, they have a normal characteristic profit yield of 6.7 percent, as per the SGX information.

Credit Suisse is likewise positive on the neighborhood tech division, in a generally dull value capital market that will keep on observing tight windows for dealmaking one year from now, as worldwide markets stay unstable.

Mr Tan stated: “There’s a great deal of guarantee in the tech space which is quickly developing and a genuine hotbed of movement that I haven’t seen in numerous different spots. Finding the up and coming age (of business visionaries) is a major concentration for us since we need to back them to take their business to the following dimension.”

Bonds – both US and Singapore dollar named – will likewise keep on observing hunger from speculators one year from now, however inclination has moved to venture review credit, given the present trip to security.

As indicated by Mr Tan, the market never again needs high return credit to come through: “Regardless of whether you’re paying 8-9 percent, at any rate from a Singapore point of view, everybody will want to assume a top notch acknowledgment paying 4 percent than a low-quality credit paying 8-9 percent.”

For instance, OCBC Bank, which set up a S$1 billion perpetrator bargain in August got a hot gathering, provoking the bank to fix the evaluating from the underlying value direction of 4.375 percent to a last estimating of 4 percent, as indicated by the bank. The last request book surpassed S$3 billion.

Temasek Holding’s S$500 million retail bond, offering a yearly coupon of 2.7 percent, was likewise 6.2 occasions oversubscribed in October.

 

27Dec

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Wall Street’s rebound isn’t scaring off gold bugs, who’ve got a host of worries on their side to bolster the precious metal’s standing as a safe haven. The S&P 500 and the Dow jumped more than 4%, percent each while the Nasdaqsurged more than 5% in the first day of trading following the Christmas holiday. To help soothe investors’ nerves, a White House official said the head of the Federal Reserve faced no risk of losing his job and that President Donald Trump was happy with his Treasury Secretary.
  • Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA. The career military officer, who for the past year has been boss at the troubled state-owned oil company, was at no ordinary mass. The gathering, rather, was a ceremony at which he and other senior oil ministry officials asked God to boost oil output.
  • U.S. oil prices on Thursday extended their sharp climb from the session before amid rising stock markets, but worries over a glut in crude supply and concerns over a faltering global economy kept a lid on gains. U.S. West Texas Intermediate (WTI) crude futures, were up 26 cents, or 0.56 percent, at $46.48 per barrel at 0032 GMT. They jumped 8.7 percent to $46.22 per barrel in the previous session.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The European Union will accept France running a budget deficit higher than the EU’s 3 percent ceiling next year, as long as it is a one-off event, EU Budget Commissioner Guether Oettinger said on Thursday. France said last week that its headline deficit could grow to 3.2 percent of output next year from 2.8 percent initially planned. President Emmanuel Macron is under strong pressure from violent protests at home to ease the impact of fiscal reforms.
  • A U.S. trade team will travel to Beijing the week of Jan. 7 to hold talks with Chinese officials, Bloomberg reported on Wednesday, citing two people familiar with the matter. The delegation will be led by Deputy U.S. Trade Representative Jeffrey Gerrish and will include David Malpass, Treasury under secretary for international affairs, Bloomberg said. U.S. and Chinese officials have spoken by phone in recent weeks, but next month’s meeting would be the first in-person talks since President Donald Trump met with his Chinese counterpart, Xi Jinping, in Buenos Aires on Dec. 1.
  • JPMorgan Chase & Co (N:JPM) will pay over $135 million to settle charges it mishandled so-called “pre-released” American Depositary Receipts (ADRS), the Securities and Exchange Commission announced on Wednesday. The regulator said the investment bank improperly provided ADRs, which are U.S. securities that represent foreign shares of foreign companies, to brokers even though the brokers and their clients lacked the corresponding foreign shares.

COMEX GOLD SIGNAL

For More information and daily updated SGX stock picks, Comex signals, Forex signals Click here – http://www.epicresearch.sg or Whatsapp us at +917312580605

26Dec

Singapore Market Update :Singapore’s manufacturing yield increased by 7.6% in Nov

Singapore Market Update :
Singapore’s manufacturing yield expanded 7.6% in November on a year-on-year premise, announced the Economic Development Board (EDB) on Wednesday.

Barring biomedical manufacturing , yield became 5.3%. On a three-month moving normal premise, producing yield rose 4.5% in November 2018, contrasted with a year prior.

On an occasionally balanced month-on-month premise, fabricating yield expanded 2.8%. Barring biomedical assembling, yield was unaltered.

Yield for biomedical assembling expanded 18.5% in November from a year back. Pharmaceuticals yield extended 23.9% with higher generation of dynamic pharmaceutical fixings and organic items, while the medicinal innovation section became 6.6%.

Yield for transport designing expanded 11.3% year-on-year with all sections recording yield development. The marine and seaward designing portion extended 26.6%, on the back of a low base in November a year ago, and in addition a more elevated amount of work done in seaward ventures. The land and aviation portions became 4.7% and 0.6% individually.

For the gadgets part, yield expanded 11.2% in November on a year-on-year premise. Inside the bunch, the semiconductors, infocomms and buyer hardware and other electronic modules and segments sections became 16.5%, 12.6% and 3.0% individually. Then again, the information stockpiling and PC peripherals sections contracted.

Yield for synthetic concoctions expanded 3.4% year-on-year in November. Development was bolstered by alternate synthetic concoctions and claims to fame portions which became 18.7% and 6.6% individually. The previous detailed higher yield in aromas while the last enrolled higher yield in modern gases and mineral oil added substances. On the other hand, creation in the oil and petrochemicals portions fell 5.3% and 10.9% individually, because of support shutdowns.

Yield from general assembling diminished 0.8% on a year-on-year premise in November. The sustenance, refreshments and tobacco and various ventures fragment became 1.0% and 0.3% individually. Then again, the printing portion declined 11.0%.

Yield from exactness designing declined 8.2% in November contrasted with a year back.

24Dec

Singapore Stocks Update :STI bound to exchange between 2,800-3,200: OCBC

Singapore Stocks Update :
OCBC Investment Research is anticipating for the Straits Times Index (STI) to exchange as high as 4,125 of every 2019 of every a bull case situation.

As at Dec 5 this year, the record exchanged at 3,156, 18% higher than Bloomberg’s objective of 3,721.

The examination house’s base case is for the STI to exchange at around 3,632 with a potential upside of 17% from Dec 5 levels, in view of 7% profit development and a seven-year authentic normal value income proportion (PER) of 13.9 occasions.

Notwithstanding, with current macroeconomic vulnerabilities and a more drawback predisposition, it trusts the STI may almost certainly exchange between the 2,800-3,200 dimensions.

In a Dec 2018 report, Carmen Lee, head of OCBC Investment Research, suggests concentrating on an incentive over development stocks in the year ahead as the STI keeps on following greater markets in the area.

While Lee sees more activities emerging from Singapore’s endeavors to wind up a shrewd country, she accepts customarily considered protective stocks are probably going to stay in play.

“At current valuations, valuations for the STI are not costly versus other local markets and its own authentic patterns. At current dimensions, the STI is exchanging at – 1 standard deviation beneath the authentic normal for both value profit and value book,” notes Lee.

“On the worldwide front, a few expansive subjects may keep on playing out including computerized and portable installments, gaming and online games, the notoriety of collaborating space, elevated barrier spending, proceeded with accentuation on training and the earth,” she includes.

As at 11.24am, the STI is exchanging 1.77 focuses bring down at 3,044.27.

24Dec

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold traders will continue to monitor political risks and watch developments in equity markets in the week ahead, after the failure by the U.S. Congress and President Donald Trump to agree to a spending bill by midnight Saturday resulted in a partial U.S. government shutdown. Gold is often sought in times of geopolitical tension or market turbulence. Elsewhere, on the data front, the U.S. will see a relatively quiet week in terms of economic releases, with reports on consumer confidence and the housing sector expected to draw the most attention.
  • OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1.2 million barrels per day does not balance the market next year, the United Arab Emirates’ energy minister said on Sunday.
  •  Oil prices dipped on Monday ahead of the Christmas holiday break, adding to last week’s steep losses on concerns about a global oversupply. International benchmark Brent crude (LCOc1) futures fell 27 cents, or 0.5 percent, to $53.55 a barrel at 0106 GMT. Brent touched $52.79 on Friday, its lowest since September 2017. U.S. West Texas Intermediate (WTI) crude futures (CLc1) eased 8 cents, or 0.1 percent, to $45.51 a barrel.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • U.S. President Donald Trump’s Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the “Plunge Protection Team.” U.S. stocks have fallen sharply in recent weeks on concerns over slowing economic growth, with the S&P 500 index (SPX) on pace for its biggest percentage decline in December since the Great Depression.
  • China and the United States held a vice ministerial-level call on Friday, the second such contact in a week, achieving a “deep exchange of views” on trade imbalances and the protection of intellectual property, the Chinese Ministry of Commerce said. A statement posted on the ministry’s website on Sunday said the two countries “made new progress” on those issues, without specifying further.
  • China is considering introducing a new law on foreign investment to replace three existing laws on joint ventures and wholly owned foreign firms, state news agency Xinhua reported on Sunday. A draft law on foreign investment has been submitted to the National People’s Congress (NPC) Standing Committee, according to Xinhua. The draft, which could take more than a year to be signed into law, includes policies on promoting and managing foreign investment.

GOLD TRADING FORECAST TODAY

For More information and daily updated SGX stock picks, Comex signals, Forex signals Click here – http://www.epicresearch.sg or Whatsapp us at +917312580605

20Dec

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • The dollar index, a contrarian bet to gold and other commodities, remained down 0.2% at 96.377, after the Fed indicated it would take into account “a wide range of information” in deciding further rate hikes and its dot plot indicated expectations from the FOMC of two rate hikes in 2019, down from three. The FOMC said in determining the timing and size of future rate adjustments, it “will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective.”
  • Despite data showing a disappointing U.S. crude inventory draw, oil prices jumped 2% on Wednesday, recouping about a third of the previous day’s losses after the Federal Reserve indicated there could be fewer rate hikes next year. U.S. West Texas Intermediate crude settled up 96 cents, or 2.1%, at $47.20 per barrel. It had fallen 7% on Tuesday and plumbed an August 2017 low of $46.12. U.K. Brent, the global oil benchmark, was up 30 cents, or 0.5%, at $56.56 per barrel by 3:10 PM ET (20:10 GMT).
  • China’s Sinograin said it had recently bought a few batches of soybeans from the United States, amid a truce in a trade war between the two nations. The state stockpiler made the purchases “to implement the consensus achieved by China and the United States’ heads of state”, it said in a statement dated Dec. 19 that was published on its website.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • After weeks of market volatility and calls by President Donald Trump for the Federal Reserve to stop raising interest rates, the U.S. central bank instead did it again, and stuck by a plan to keep withdrawing support from an economy it views as strong. U.S. stocks and bond yields fell hard. With the Fed signaling “some further gradual” rate hikes and no break from cutting its massive bond portfolio, traders fretted that policymakers could choke off economic growth.
  • The U.S. Treasury and U.S. Trade Representative’s office signed a bilateral deal with the United Kingdom to provide insurance market regulatory certainty and continuity after the country exits the European Union, they said in a statement on Wednesday. The Treasury and USTR signed the pact on Dec. 18, according to the statement published on the USTR’s website. They had announced their intent to sign the U.S.-UK Covered Agreement earlier this month, in a bid to provide stability as Britain prepares to leave the EU on March 29, 2019.
  • The U.S. Federal Reserve has begun signaling the end of its rate-hike cycle is not far off, winding down its sometimes Sisyphean effort to restore a semblance of normalcy to monetary policy. It has been a slow slog – the Fed has managed just nine increases in three years, and it may squeeze in just a couple more.

COMEX GOLD SIGNAL

For More information and daily updated SGX stock picks, Comex signals, Forex signals Click here – http://www.epicresearch.sg or Whatsapp us at +917312580605

18Dec

Singapore Stocks Updates :9 underestimated stocks to watch in the MSCI Singapore Index: KGI

Singapore Stocks Updates :
KGI Securities has featured nine stocks in the MSCI Singapore Index that are as of now underestimated, even as they each offer a FY18 profit yield of over 3.5%.

As per KGI, the nine stocks – ComfortDelGro Corporation, United Overseas Bank (UOB), Keppel Corporation, Singapore Technologies Engineering (ST Engineering), Singapore Exchange (SGX), Oversea-Chinese Banking Corporation (OCBC), CapitaLand, Genting Singapore (GENS), and Singapore Airlines (SIA) – are exchanging underneath their 10-year cost to-income (P/E) and cost to-book (P/B) midpoints.

“We trust that they offer constrained drawback dangers while paying an alluring profit yield,” says expert Joel Ng in a provide details regarding Tuesday.

Comprising 25 constituents, the MSCI Singapore Index is intended to gauge the execution of the substantial and mid-top portions of the Singapore advertise. The record covers around 85% of the free buoy balanced market capitalisation of the Singapore value universe.

“70% of MSCI Singapore stocks are exchanging underneath their 10-year P/B normal while 60% are exchanging beneath their 10-year P/E normal,” says Ng.

ComfortDelGro Corporation

Everyone’s eyes are whether ride-hailing contestant Go-Jek will wage a value war against occupant Grab, and how this recharged rivalry in the private contract vehicle space will influence ComfortDelGro’s taxi business.

ComfortDelGro posted a 2% drop in profit to $78.5 million for the 3Q finished September, for the most part because of lower profits got from its abroad auxiliary, Cabcharge Australia.

Income for the quarter became 8.5% on-year to $967.9 million, driven by expanded commitments from new acquisitions.

As at 12pm on Tuesday, shares in ComfortDelGro are exchanging 2 pennies bring down at $2.12, some 15.5% lower than its 52-week high of $2.51 on Jun 5.

Joined Overseas Bank (UOB)

In 3Q18, UOB revealed a 17% expansion profit to $1.04 billion, driven by twofold digit development in net intrigue salary and lower stipends.

Net intrigue pay rose 14% to $1.60 billion from solid credit development and a net intrigue edge inspire of two premise focuses to 1.81%. Add up to remittances more than split to $95 million, to a great extent because of high recompenses accommodated debilitated advances from the oil and gas and transporting segments in 3Q17.

As at 12pm on Tuesday, shares in UOB are exchanging 56 pennies bring down at $24.36, some 19.2% lower than its 52-week high of $30.14 on Apr 30.

Keppel Corporation

Keppel Corp saw its income sink by 15% to $226 million in the 3Q18 profit finished September, for the most part because of lower commitments from the speculations and property divisions.

Be that as it may, the aggregate put in more grounded execution in the foundation and O&M divisions, which enrolled a net benefit of $2 million, after misfortunes in the first 75%.

3Q18 gathering income came in at $1.3 billion, 20% lower than the $1.6 billion enrolled a year prior.

See: Keppel reports 15% lower 3Q profit of $226 mil on lower commitments from ventures and property divisions

As at 12pm on Tuesday, shares in Keppel Corp are exchanging 8 pennies bring down at $6.02, some 32.1% lower than its 52-week high of $8.86 on Jan 29.

Singapore Technologies Engineering (ST Engineering)

ST Engineering revealed a 5.3% expansion in 3Q18 profit to $134.6 million, as income rose 1% to $1.63 billion on the back of higher commitments from the gathering’s Aerospace and Electronics area.

Net benefit edged up by 1% to $342.6 million in 3Q18, regardless of greater expense of offers at $1.28 billion.

See: ST Engineering posts 5% expansion in 3Q profit to $135 mil

As at 12pm on Tuesday, shares in ST Engineering are exchanging 6 pennies bring down at $3.46, some 6.0% lower than its 52-week high of $3.68 on Apr 19.

Singapore Exchange (SGX)

SGX announced 1Q19 income of $91.1 million, 0.4% higher than a year back, while profit per share stayed unaltered from a year prior at 8.5 pennies.

Income for 1Q19 came in 2.2% higher at $208.9 million, contrasted with $204.5 million per year back.

See: SGX reports level 1Q profit of $91.1 mil on slight ascent in income

As at 12pm on Tuesday, shares in SGX are exchanging 11 pennies bring down at $7.13, some 16.0% lower than its 52-week high of $8.49 on Jan 23.

Oversea-Chinese Banking Corporation (OCBC)

OCBC announced income of $1.25 billion for 3Q18, an expansion of 12% from a year prior, driven by a 23% ascent in benefit from managing an account activities.

Net intrigue pay developed 9% to $1.51 billion in 3Q18, driven by wide based development in client advances of 10% and a 6 premise focuses ascend in net intrigue edge (NIM) to 1.72%.

The expansion in NIM was driven by enhanced edges in Singapore, Malaysia and Greater China, and a higher normal credits to-stores proportion.

See: OCBC reports 12% ascent in 3Q18 income to record $1.25 bil

As at 12pm on Tuesday, shares in OCBC are exchanging 21 pennies bring down at $11.13, some 20.3% lower than its 52-week high of $13.96 on May 2.

CapitaLand

CapitaLand announced a 13.6% expansion in 3Q18 profit to $362.2 million, even as income for the quarter dropped by 16.9% to $1.26 billion. The decrease in income was for the most part owing to bring down commitments from the gathering’s advancement extends in Singapore and China.

Net benefit rose 15.3% to $583.7 million amid the quarter, as expense of offers diminished by 33%.

See: CapitaLand posts 14% expansion in 3Q income to $362 mil on lower expenses and costs

As at 12pm on Tuesday, shares in CapitaLand are exchanging 2 pennies bring down at $3.13, some 19.1% lower than its 52-week high of $3.87 on Jan 30.

Genting Singapore (GENS)

Genting Singapore detailed a 46% ascent in 3Q18 profit to $210.4 million prior on lower working costs, as income rose 1% to $639.1 million.

Working benefit rose 17% to $265.1 million as other working costs fell 97% to $1.2 million and other working salary rose 17% to $22.3 million.

See: Genting Singapore reports 46% ascent in 3Q profit to $210.4 mil on lower working costs

As at 12pm on Tuesday, shares in GENS are exchanging 1.5 pennies bring down at 98.5 pennies, some 29.1% lower than its 52-week high of $1.39 on Jan 24.

Singapore Airlines (SIA)

SIA saw it income dive 81% to $56.4 million in 2Q19, for the most part because of a 40% hop in fuel costs.

Income for the quarter expanded to $4.06 billion, as the leader bearer revealed a 4.2% expansion in income on the back of traveler carriage development.

See: Singapore Airlines 2Q profit fall 81% to $56.4 mil on higher fuel costs

As at 12pm on Tuesday, shares in SIA are exchanging 6 pennies bring down at $9.39, some 20.2% lower than its 52-week high of $11.76 on May 28.

17Dec

Singapore stock dividends assessed to fall 2.8% to $19.87b in 2019: report

Singapore Stock :
The drop is because of the nonattendance of one-off special dividends profits paid by DBS and Keppel Corporation.

Singapore’s stock profits are relied upon to pay $19.87b in all out profits for 2019 which is a – 2.8% YoY decline, as per a report by IHS Markit.

The fall was credited to the nonappearance of an erratic extraordinary profits declared by DBS Group Holdings (DBS) and Keppel Corporation which add up to $90m and $1.38b, individually.

“The huge three banks in Singapore keep on being the biggest profit benefactor and are anticipated to pay $7.13b in 2019,” IHS Markit said in its report. “While add up to profits from this area are set to fall in 2019 inferable from the nonattendance of the irregular specials paid by DBS not long ago, essentials stay vigorous and accord income gauges mirror a peppy search for the banks.”

The report additionally noticed how DBS played down concerns identifying with the effect of the exchange war while United Overseas Bank (UOB) and Oversea-Chinese Banking Corporation (OCBC) are as yet expecting lodging credit development for the year to be around mid-single digit.

Then, Singaporean banks are likewise extending past Singapore to catch development openings around the area, IHS Markit noted. Combined with solid capitalisation and desires for an enlarging net intrigue edge over the present moment, the firm said it anticipates that the uplifting standpoint will mean higher profits going ahead.

“For the coming year, we are expecting the land division which is the second biggest profit patron and retail part to pay higher profits for the third continuous year,” IHS Markit featured. “On the whole, property designers and land venture trusts are seto to pay $3.28b in profits.”

The retail division then again which is spoken to by the recently included constituent Dairy Farm International and Jardine Cycle and Carriage are anticipated to pay $396.9m and $496.2m, separately.

Japan, China, Hong Kong, Australia and Taiwan stay as the best five profit players in the locale, with twofold digit development rates anticipated from China and Hong Kong representing 80% of the anticipated development inside the district.

“APAC profits have delighted in positive development lately and we anticipate that the force will proceed in 2019,” the firm said in its report. “While exchange vulnerabilities cloud conclusions and could hamper development, we are anticipating that profits should be flexible and become humbly 2.3% to $759.73b (US$552.69b).”

17Dec

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • It had to be one safe-haven or the other and the dollar triumphed at the expense of gold on Friday as signs of slowing growth in China sparked risk aversion across the globe. A contrarian trade to bullion, the dollar hit 19-month highs after Beijing’s weakest retail sales performance in 15 years and smallest industrial output in almost three years cast doubts about demand in the No. 2 economy.
  •  U.S. energy firms cut oil rigs for a second week in a row this week, prolonging a move by drillers over the past month to reduce the number of active rigs after crude prices collapsed in October and November. Drillers cut four oil rigs in the week to Dec. 14, bringing the total count down to 873, the lowest since mid October, General Electric Co’s (N:GE) Baker Hughes energy services firm said in its closely followed report on Friday.
  • Brazil is prepared in the event China removes tariffs on U.S. soy, which had driven down prices for the oil seed in Chicago and driven up the premiums over U.S. prices paid for Brazilian beans, outgoing Agriculture Minister Blairo Maggi said on Friday. Maggi, who will step down when President-elect Jair Bolsonaro takes office Jan. 1, said removing the tariffs would lead prices in Chicago and Brazil to converge and bring greater predictability to the soy market that would benefit Brazilian farmers.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • The United States won a legal battle over “dolphin safe” tuna-labeling on Friday, when the World Trade Organization’s appeals judges dismissed Mexico’s argument that the U.S. labeling rules violated WTO rules. More than 10 years after the dispute first came to the WTO in October 2008, the WTO ruling ended Mexico’s claim that U.S. labeling rules unfairly penalized its fishing industry.
  • The U.S. Trade Representative’s office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m. EST (0501 GMT) on March 2, 2019 as the United States and China pursue talks on trade and intellectual property. The change was made in a Federal Register filing from a previously scheduled effective date of Jan. 1, 2019 for the increase to 25 percent from 10 percent.
  • As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years. On Friday, the small-cap S&P 600 Index (SPCY) fell 1.6 percent to mark a 20.05 percent decline from its Aug. 31 closing high. A drop of 20 percent or more from a record or long-standing high closing level is the typical definition of a bear market.

For More information and daily updated SGX stock picks, Comex signals, Forex signals Click here – http://www.epicresearch.sg or Whatsapp us at +917312580605

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.