SGX Stock Market

6Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 06 February 2015

MARKET UPDATES :

  • SINGAPORE shares ended lower on Thursday with the Straits Times Index slipping 10.99 points to 3,406.58.Some 1.01 billion shares, valued at S$1.11 billion were traded. Gainers numbered 157 while losers numbered 243.
  • Singapore sovereign wealth fund GIC has bought a 5 per cent stake in Nielsen NV, a leading provider of TV audience ratings data, for an undisclosed amount, according to a regulatory filing.GIC Private Ltd disclosed its holding of common stock in Nielsen, which has a market value of US$16.7 billion, in a US Securities and Exchange Commission filing dated Feb 4.Over the past year, GIC, ranked by the Sovereign Wealth Fund Institute as the world’s eighth-largest fund with $320 billion of assets, has taken a series of stakes in businesses in both emerging and developed markets.
  • THIRD quarter earnings of Global Logistic Properties (GLP) fell 36.2 per cent, as revenue stayed largely flat and expenses rose.The logistics group recorded a net profit of US$112.4 million for the three months ended Dec 31, down from US$176.2 million a year ago.Over the same period, its revenue edged up 0.7 per cent to US$179 million, on the inclusion of one month’s revenue of its Brazil portfolio that was acquired in June 2014, and the completion of its development projects in China.But this was offset by deferred rental revenue in Airport City Development, the sale of 11 properties in Japan to GLP J-Reit, and a weaker Japanese yen against the US dollar.
  • SINGAPORE Post’s (SingPost) aggressive push into the logistics and e-commerce space appears to be paying off as the company registers increased earnings despite lower contributions from its traditional mailing business. In Q3 FY14/15, for the three months ended Dec 31, 2014, the courier service provider registered a net profit of S$42.23 million, 7.3 per cent higher than the corresponding period in the previous year.
  • STANDARD Chartered Bank Singapore and SingPost on Thursday said that their Standard Chartered SingPost Platinum Visa Credit Card will now offer 7 per cent cashback on online purchases. This is the highest cashback rate offered in Singapore for online shopping, the partners said in a joint media statement.The cashback is capped at S$50 per month, and is subject to a minimum card spend of S$500 in that month.And if the cardholder buys a product online, and finds the same item to be cheaper off another website within 30 days, the bank will refund half of the price difference to the card user.

STOCK RECOMMENDATION :

  • BUY FRASERS CENTRE ABOVE 2.015 TARGET 2.050 2.100 SL 1.975

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

5Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 05 February 2015

MARKET UPDATES :

  • SINGAPORE shares end higher on Wednesday. The Straits Times Index gained 9.55 points to 3,417.57.Some 1.22 billion shares, valued at S$1.3 billion were traded. Gainers numbered 220 while losers numbered 203.
  • Roland Thng is seeking to shake up Singapore’s staid corporate landscape, setting up a new hedge fund focused exclusively on influencing the way locally listed companies are run. The 33-year-old has established EVA Capital SP with US$5 million, and initially plans to take stakes in small-and medium-sized construction and engineering companies in order to pressure them to improve performance.”It’s a new approach and the market will need some time to get used to it,” Thng, who is chief executive officer of Singapore-based fund-management firm Dektos Investment Corp, which runs EVA Capital, said in an interview. “Activist investing is a bit offensive in the Singapore and Asian context.” Many Singapore companies have a controlling shareholder, which makes it easier to resist demands from activist investors, said Hugh Young, the Asia managing director at Aberdeen Asset Management Plc in Singapore.
  • Sunac China Holdings Ltd signed an agreement to buy 49.3 per cent of troubled Chinese developer Kaisa Group Holdings Ltd and will make a general offer.Sunac is buying the stake from the family of former Kaisa Chairman Kwok Ying Shing and the offer has gone to the Hong Kong stock exchange for approval, Sunac Chairman Sun Hongbin said. Mr Sun said he wants to get Kaisa’s US$23 million missed interest on its bonds, that was due Jan. 8, paid before a 30-day grace period expires. The deal will help Sunac, a developer of high-end apartments, expand into southern China, while Kaisa will avoid becoming the first Chinese developer to default on a dollar bond.
  • LIFESTYLE products group OSIM International reported a flat three months of results for its fourth quarter ended Dec 31, 2014.A two-cent dividend was declared, unchanged from a year ago.Revenue dipped 0.5 per cent to S$177.7 million from S$178.6 million a year ago, while net profit was down 0.7 per cent to S$27.4 million from S$27.6 million a year ago.
  • SINGAPORE’s manufacturers had a subdued start to the new year, with the latest purchasing managers’ index (PMI) signalling that industrial activity shrank for a second straight month in January
  • THE Central Provident Fund (CPF) Advisory Panel has come up with nine recommendations in its push for more flexibility in the current CPF system. The suggestions, which form the first part of its recommendations, focus on how the Minimum Sum (MS) should be adjusted after 2015, as well as the amount of lump sum withdrawal at 65.

STOCK RECOMMENDATION :

  • BUY SUNTEC REIT ABOVE 1.920 TARGET 1.960 2.020 SL 1.870

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

4Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 04 February 2015

MARKET UPDATES :

  • SINGAPORE shares ended lower on Tuesday with the Straits Times Index slipping 15.33 points to 3,408.02. Some 1.25 billion shares, valued at S$1.23 billion were traded. Gainers numbered 210 while losers numbered 226.
  • DBS Bank has been named the most valuable bank brand in Asean for the second consecutive year.The Brand Finance Banking 500 report released on Monday also showed that the bank had increased its brand value over the year by 10 per cent to $4.4 billion, and doubled it in the past five years.DBS has also been consistently recognised as the most valuable bank brand in Singapore, since the first Brand Finance Banking 500 report seven years ago.Mr Samir Dixit, managing director of BrandFinance Asia Pacific, said: “This year, DBS has also joined the elite list of the top 10 strongest bank brands in the world as per the brand strength rating.”DBS is a great example of the brand driving the business and they should now target to be in the top 50 bank brands globally which is well within their reach.”
  • CNA Group on Tuesday announced a proposed placement of some 119 million new shares priced at S$0.0335 each that could raise up to S$3.79 million in net proceeds.These, said the mainboard-listed company, will be used for general working capital, investments and selected acquisitions in China.HD Capital Holding has agreed to subscribe to all of the 119 million new shares.The issue price of S$0.0335 for each share represents a discount of less than 10 per cent to the volume weighted average price of S$0.0374 for trades done on CNA Group shares on the Singapore Exchange for five traded days prior to and including Feb 2, being the market day on which the placement agreement was signed.
  • SAKAE Holdings on Tuesday said that given the group’s progress in its corporate advisory business, it is now focused on establishing an asset management business and exploring starting a S$250 million “opportunistic fund” to invest in both public and private opportunities.Such opportunities, said Sakae in a statement, are those the group identifies as having deep value because of growth prospects, market inefficiencies or otherwise. This announcement comes a day after Sakae Corporate Advisory – a wholly-owned subsidiary of Sakae Holdings – hosted the 2015 EMPEA Members-Only Reception for over 70 members and guests.
  • SIA Engineering Co (SIAEC) reported a net profit of S$46.3 million for the third quarter ended Dec 31, 2014, down from S$60.5 million in the corresponding quarter a year earlier.Revenue fell from S$283.8 million to S$265.3 million, while earnings per share came to 4.13 Singapore cents, versus 5.43 cents previously. SIAEC said that revenue from airframe and component overhaul declined as work content was lower with fewer heavy checks.

STOCK RECOMMENDATION :

  • BUY EZIO HOLDING ABOVE 1.325 TARGET 1.365 1.425 SL 1.275

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

3Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 03 February 2015

MARKET UPDATES :

  • SINGAPORE shares end higher on Monday.The Straits Times Index gained 32.15 points to 3,423.35.Some 1.31 billion shares, valued at S$1.29 bllion were traded. Gainers numbered 182 while losers numbered 261.
  • IPC Corporation on Monday posted a 57.1 per cent increase in full-year net profit to S$28.6 million for its fiscal year ended Dec 31, 2014.This was despite the property developer and hospitality group’s 28.9 per cent drop in sales to S$33.4 million. “Majority of the apartment units from the Oppama condominium project were sold in 2013, thereby resulting (in) a decrease in revenue for FY2014,” it said.Its earnings, however, were boosted by gains of S$22.7 million from the revaluation of investment properties in Japan, and gains of S$14.8 million on the disposal of investment properties in Japan.
  • CATALIST-LISTED Singapore eDevelopment, formerly known as CCM Group, on Monday said it expects to report a loss in its unaudited financial results for the financial year ended Dec 31, 2014 (FY2014).The expected loss was mainly due to losses incurred by its legacy construction business (prior to the disposal of CCM Industrial in May 2014), losses and provisions made arising from claims against corporate indemnities previously issued to its legacy construction business, as well as a non-cash fair value adjustment of embedded financial derivative arising from the issuance of exchangeable notes, said the company.
  • YuuZoo Corporation on Monday said it has partnered Activistic – an Australian company specialising in micro-donations and micro-payments – to provide a platform across YuuZoo’s networks to enable micro-donations and micro-payments for charitable purposes.The initial focus will be on emerging markets, where limited access to credit card payment tools restricts the donation base of organisations, said the company.The platform will also bring a new dimension to the YuuZoo eco-system and another engagement path for Gen-Y in the developed markets, added YuuZoo. Said Activistic executive director Kevin Baum: “The process of donating is stuck in the last century.
  • Agri-food company Japfa on Monday said it has acquired the remaining 15 per cent of Japfa Comfeed Myanmar (JCMA) for US$5.7 million, making JCMA a wholly-owned subsidiary of the group. The acquisition is made via a conditional share purchase agreement (SPA) between Japfa’s wholly-owned subsidiary Japfa Myanmar JV – which currently holds 85 per cent of JCMA – and Best Livestock Limited, an unrelated third party, for the remaining 15 per cent of the issued share capital of JCMA. The US$5.7 million consideration was arrived at on a willing-buyer, willing-seller basis, said Japfa. A refundable deposit of US$1.0 million will be paid around Feb 2.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 7.650 TARGET 7.70 7.76 SL 7.580

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

2Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 02 February 2015

MARKET UPDATES :

  • SINGAPORE shares ended lower on Friday with the Straits Times Index slipping 27.85 points to 3,391.2.Some 1.52 billion shares, valued at S$1.76 billion were traded. Gainers numbered 212 while losers numbered 231.
  • UNEMPLOYMENT for the whole of 2014 remained low at 2.0 per cent overall, 2.7 per cent for Singapore residents and 2.9 per cent for Singapore citizens, broadly unchanged from 2013, going by preliminary estimates released by the Ministry of Manpower on Friday. The overall seasonally adjusted unemployment rate stayed low at 1.9 per cent in December 2014, as the unemployment rate for residents fell from 2.8 to 2.6 per cent, while that for citizens fell from 2.9 to 2.6 per cent, over the quarter.
  • SINGAPORE’s labour force participation rate for residents rose to a new high of 67 per cent in 2014, driven by continued increases for women and older residents.Coupled with the fact that the labour market stayed tight with low unemployment, the employment rate of residents aged 25 to 64 rose to another high of 79.7 per cent, up from 79.0 per cent in 2013 and 72.3 per cent in 2004. There was also a sustained growth in incomes over the last five years, with lower-wage workers’ income growth keeping pace with those at the middle.
  • DEL Monte Pacific on Friday announced that it has obtained approvals for its proposal to undertake a renounceable underwritten rights issue in Singapore and a stock rights offering in the Philippines of up to 641.9 million new ordinary shares at an issue price of S$0.325 or 10.60 Philippine pesos for each rights share. The issue price of S$0.325 represents a discount of approximately 30.9 per cent to the closing price of S$0.47 per share on the Singapore Exchange (SGX) as of Jan 29 (being the last trading day of the shares on the SGX before the announcement. as well as a discount of 20.6 percent to the reference price of S$0.409 per share.
  • ASCENDAS Real Estate Industrial Trust (A-Reit) on Friday announced that Oversea-Chinese Banking Corporation (OCBC) will resign as A-Reit’s issuing and paying agent, and agent bank, with effect from March 2.The Bank of New York Mellon (Singapore branch) has been appointed as A-Reit’s new issuing and paying agent in relation to notes cleared through the Central Depository (CDP).The Bank of New York Mellon (London branch) has been appointed as A-Reit’s new issuing and paying agent in relation to non-CDP notes or notes cleared through Euroclear Bank and Clearstream Banking société anonyme, Luxembourg, as well as as A-Reit’s new agent bank. The new appointments will take effect from March 2

STOCK RECOMMENDATION :

  • BUY WING TAI HOLDINGS ABOVE 1.835 TARGET 1.875 1.925 SL 1.800

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

30Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 January 2015

MARKET UPDATES :

  • SINGAPORE shares ended lower on Thursday with the Straits Times Index slipping 0.1 point to 3,419.05.Some 1.25 billion shares, valued at S$1.19 billion were traded. Gainers numbered 196 while losers numbered 265.
  • DBS is expected to benefit the most among its Singapore banking peers from a lift in short-term funding rates, Nomura said in a report on Thursday. This comes with the surprise move by Singapore’s central bank on Wednesday to ease the appreciation of the Singapore dollar.”One of the by-products of this exchange rate policy is the increase in interest rates,” said Nomura. “This benefits the Singapore banks, in particular DBS, because its assets get reprised faster and in a bigger magnitude than liabilities. “DBS has the lion’s share of Singapore-dollar deposits, of around 25 per cent. Banks make money by pricing their loans higher to reflect higher rates.
  • Singapore’s dollar tumbled after the Asian nation unexpectedly eased monetary policy, highlighting the divergence among central-bank strategies before a Federal Reserve meeting that concludes on Wednesday in Washington. Measures of volatility have jumped in currency markets this year as central banks from Canada to Switzerland roiled markets with surprise policy moves. The Monetary Authority of Singapore said it will seek slower appreciation against a basket of currencies, sending the local dollar to the lowest since 2010.
  • KEPPEL Corporation, via its financial advisers DBS Bank and Credit Suisse (Singapore), on Thursday announced that    BlackRock Inc, an associate of Keppel Corp, now holds some 48.05 million shares in Keppel Land (KepLand). This represents about 3.1 per cent of the total issued shares in KepLand, a percentage shareholding computed based on a total of 1.5 billion issued shares as at Jan 23, said Keppel Corp.BlackRock is an associate of Keppel Corp by virtue of the fact that it holds 5 per cent or more of Keppel Corp shares. As such, BlackRock is required to disclose its dealings in shares during the offer period.
  • TRANSPORT operator SMRT Corp posted a 58.4 per cent year-on-year increase in net profit to S$22.55 million for the third quarter ended Dec 31, 2014 as its business segments turned in better performances. Revenue climbed 6.8 per cent to S$313.19 million while earnings per share rose to 1.5 Singapore cents, up from 0.9 cent in the corresponding quarter a year earlier.SMRT said: “The business environment continues to be challenging due to structural cost pressures arising from tightened regulatory standards and heightened operational demands on service, reliability and capacity. Shares in SMRT closed at S$1.73 on Thursday, up 1.5 cents.
  • Genting Singapore PLC-:GENS could report sequential growth in VIP, similar to MBS. We see further upside to the stock based on Jeju ground-breaking and Jurong Hotel opening in 1H15. Valuation of 8.7x EV/EBITDA and 17x P/E is below its long-term average. MBS reported 4Q14 net revenue of US$839mn (+14% QoQ, +27% YoY); growth was driven by higher win rate and overseas premium mass players. Adjusted EBITDA of US$519mn (+47% YoY, +100% YoY) included a positive impact of a S$90.1mn property tax refund. Hold-adjusted EBITDA was US$461mn (+26% QoQ, +24% YoY). VIP roll declined 27% YoY to US$10bn but was up 10% QoQ.

STOCK RECOMMENDATION :

  • BUY SMRT CORP ABOVE 1.740 TARGET 1.780 1.850 SL 1.690

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

29Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 29 January 2015

MARKET UPDATES :

  • SINGAPORE shares end higher on Wednesday.The Straits Times Index gained 6.95 points to 3,419.15.Some 1.38 billion shares, valued at S$1.23 bllion were traded. Gainers numbered 233 while losers numbered 177.
  • Singapore Exchange Ltd is seeing early signs of an improvement in trading volume following a number of measures taken to boost liquidity, the company’s chief executive officer told Reuters.”The first three weeks of this year are coming up much stronger than the same three weeks a year ago,” Magnus Bocker said in an interview. SGX has launched a series of initiatives over the past year to improve liquidity such as providing incentives for brokers to act as market makers and cutting the minimum number of shares that need to be purchased in a single trade from 1000 units to 100.
  • OLAM International will redeem US$750 million bonds due 2018 on Feb 27, it said on Wednesday.This will be done    at 103.375 per cent of the principal amounts of the bonds, together with unpaid accrued interest.The agri-commodities firm, which is in the midst of revamping its capital structure, earlier in January issued US$50 million in senior notes due 2020 to an institutional investor at a fixed coupon rate of 4 per cent. This was part of the US$5 billion Euro medium term note programme it established on July 6, 2012, and updated on July 14, 2014.
  • The Monetary Authority of Singapore (MAS) on Wednesday made a surprise cut to the slope of its Singapore dollar  nominal effective exchange rate (S$NEER) as inflation pressure eases.The central bank will continue with the policy of a modest and gradual appreciation of the S$NEER policy band but the slope of the policy band will be cut.
  • CACHE Logistics Trust on Tuesday reported a distribution per unit (DPU) of 2.146 Singapore cents for its fourth   quarter ended Dec 31, 2014, slightly higher than the 2.137 Singapore cents it paid out a year ago.This will be paid on Feb 27, 2015. The books closure date is Feb 4, 2015.The trust’s gross revenue dipped 0.4 per cent to S$20.6 million, while net property income dipped one per cent to S$19.4 million.
  • PARKWAY Life (PLife) Reit has posted a 2.9 per cent rise in distributable income to S$17.5 million for its fourth quarter as at end Dec 31, 2014, boosted mainly by acquisitions and rental growth of existing properties.This represents a distribution per unit (DPU) of 2.90 Singapore cents, up 2.8 per cent from 2.82 cents in the same period last year. Gross revenue rose by 1.5 per cent to S$25.1 million for Q4.The higher revenue was largely attributable to rental income contributions from Japanese properties acquired in the second half of 2013 and in 2014.
  • Cache Logistics Trust – Bracing For Headwinds Ahead-:Cache’s 4Q14/FY14 results were in line with DPU changing +0.4%/-0.8% YoY to 2.146/8.573 cents, meeting 24.5%/97.4% of our full-year forecast. Reiterate NEUTRAL with a DDM-derived TP of SGD1.21 (CoE: 7.7%, TG: 0%), implying 8.6% total return upside. The supply dynamics for warehouse spaces in Singapore remain unfavourable as additional stocks could put pressure on rental fees and occupancy rates. Also Singapore’s PMI of 49.6 in December was the lowest since Feb 2013.

STOCK RECOMMENDATION :

  • BUY OLAM INTER ABOVE 2.000 TARGET 2.050 2.120 SL 1.950

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

28Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 28 January 2015

MARKET UPDATES :

  • KEPPEL Corp shares opened to a relatively muted market reaction on Monday, while Keppel Land’s shares surged,  after the conglomerate unveiled a bid to take its real estate subsidiary private.Keppel Corp edged up six cents, or 0.7 per cent, to end the day at S$8.16 even as analysts applied bigger conglomerate discounts to their target prices.Keppel Land shares shot up 90 cents, or 25 per cent, to S$4.55 to hit a four-year high, as more investment analysts recommended minority shareholders to accept the offer for its generous price. Both the stocks were trading cum dividend.
  • OUECT’s FY14 DPU was in line, at 100% of our full-year forecast, and 4.4% ahead of its forecast in prospectus. The better performance was primarily due to better-than-expected occupancy and rental reversions, as well as lower utilities costs. We believe there is more room for OUEB to grow in FY15, as the expiring leases have an average rent of S$9-10psf/month as compared to the committed rent of S$11.22-15.50psf/month for FY14 and average Grade A office rent of S$11.20psf/month.
  • Tigerair’s consolidation and capacity rationalization is helping to lift its passenger load factors (+6ppts y/y to 82%), average fares (+16% y/y to S$114.9) and yields (+5% y/y to 7.22cents). Management expects the y/y improvement in passenger yields to continue as it continues to fine-tune its network and operations but it will also depend on market competition which remains fairly intense. No new aircraft scheduled for delivery in the coming year. However, Tigerair plans to bring back some of its A319 aircraft (which are currently idling) to replace the A320 aircraft that will be leased out.
  • Ascendas India Trust – Catching the Indian tailwind-:In INR terms, 3Q15 revenues grew 6% y-o-y to INR 1.5bn. The stronger performance was due to contribution from the Aviator, which became operational in Jan’14 supported by higher revenus from Chennai. Net property income fell marginally to INR 0.9bn due to one-offs, but on a normalised basis should have increased by c.5% y-o-y instead. Distributable income grew by 2% to INR 566m but boosted by the appreciating INR, in SGD terms grew by a higher 6% to S$11.9m.
  •  Singapore continues its transition from what is effectively an emerging market economy (growth driven by increases in labor, 25% of GDP within manufacturing) to a developed market focused on productivity growth. A structural transformation-driven end to the 13-year bull market in the local currency will make unhedged Singapore holdings less attractive for yield investors. This drives a weak view for domestic consumption, but is also driving the already improving export numbers. This divergence will continue, therefore we focus our investment risk on rate sensitives and external demand sectors.
  • KRISFLYER members will be able to redeem their miles for vouchers for travel on budget carriers Scoot and Tigerair from April.In addition, KrisFlyer members will be able to use their miles to pay for selected products on the two low-cost carriers. KrisFlyer is Singapore Airlines’ (SIA) frequent flyer programme.By the end of this year, Scoot and Tigerair plan to offer KrisFlyer members the option of earning KrisFlyer miles on Scoot and Tigerair.Scoot is wholly owned by SIA, which also has a 56 per cent stake in Tiger Airways.

STOCK RECOMMENDATION :

  • BUY CHIP ENG ABOVE 0.910 TARGET 0.950 1.020 SL 0.850

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

27Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 27 January 2015

MARKET UPDATES :

  • OUECT’s FY14 DPU was in line, at 100% of our full-year forecast, and 4.4% ahead of its forecast in prospectus. The better performance was primarily due to better-than-expected occupancy and rental reversions, as well as lower utilities costs. We believe there is more room for OUEB to grow in FY15, as the expiring leases have an average rent of S$9-10psf/month as compared to the committed rent of S$11.22- 15.50psf/month for FY14 and average Grade A office rent of S$11.20psf/month.
  • STI now trades close to its 13.7x (average) 12- mth forward PE level. Our year-end objective remains at 3600, pegged to 13.3x (-0.25SD) FY16E PE. Given that the index currently trades above our year-end PE valuation peg of 13.3x forward PE, we take the view that any further immediate upside is limited to 3450. Meanwhile, the ‘rising gap’ on STI’s daily chart last week places near-term support at 3380-3390.
  • TEEI is an established integrated engineering, real estate and infrastructure group with operations spanning across Singapore, Thailand, Malaysia, Hong Kong and New Zealand. To unlock value for shareholders, TEEI has been spinning-off assets and listing them on an exchange. The company had completed the listing of its real estate subsidiary Tee Land on the SGX in Jun 13 and is currently working towards listing its 50%-owned associated company CMC Communications Sdn Bhd on the Catalist Board of SGX. CMC Communications is engaged in infrastructure engineering of the telecommunications industry including, outdoor and in-building construction, programme management and design engineering, IT services and outsourcing, and broadband wireless solutions within the cellular space.
  • Tigerair – Key takeaways from management briefing-:Overall market demand is improving, driven by the recovery of traffic in key markets (e.g Bangkok flights were hurt by the political unrest, Philippines flights were hurt by typhoons, HK/China flights were hurt by falling Chinese tourist arrivals).Tigerair’s consolidation and capacity rationalization is helping to lift its passenger load factors (+6ppts y/y to 82%), average fares (+16% y/y to S$114.9) and yields (+5% y/y to 7.22cents). Management expects the y/y improvement in passenger yields to continue as it continues to fine-tune its network and operations but it will also depend on market competition which remains fairly intense. No new aircraft scheduled for delivery in the coming year. However, Tigerair plans to bring back some of its A319 aircraft (which are currently idling) to replace the A320 aircraft that will be leased out.
  • THE number of job vacancies in Singapore rose in the year to September 2014, with the shortfall greatest in the services industry.Job vacancies rose to 67,400, up 8.9 per cent from a year ago, as the labour market remained tight, said the Ministry of Manpower on Tuesday.Every one in four vacancies was for service and sales workers such as shop sales assistants, security guards and waiters, while associate professionals and technicians accounted for almost one in five jobs that was not filled.Within the services industry, the expansion of childcare and pre-schools, healthcare and tertiary institutes fuelled demand for workers in community, social and personal services. New shopping malls that opened also boosted hiring in wholesale and retail trade, accommodation and food services and administrative and support services.

STOCK RECOMMENDATION :

  • BUY CHIP ENG ABOVE 0.910 TARGET 0.950 1.020 SL 0.850

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

23Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 23 January 2015

MARKET UPDATES :

  • SINGAPORE shares end higher on Thursday.The Straits Times Index gained 15.83 points to 3,370.29.Some 1.65 billion shares, valued at S$1.29 billion were traded. Gainers numbered 295 while losers numbered 146.
  • Singapore Exchange Ltd, Southeast Asia’s biggest bourse, plans to start trading Chinese equity-index options as investors seek ways to hedge risks in the world’s most volatile stock market.SGX is in talks with the China Securities Regulatory Commission on when the Singapore bourse can introduce options on the FTSE China A50 Index, with approval likely to come after such products are introduced on the mainland, President Muthukrishnan Ramaswami said in an interview. Volume on China A50 futures traded in Singapore surged 183 per cent in the three months ended Dec. 31.
  • Singapore companies have continued to feature among the 100 most sustainable corporations of the world.Keppel Land, StarHub, City Developments (CDL) and CapitaLand are on the Global 100 Most Sustainable Corporations list announced at the World Economic Forum in Davos, Switzerland on Thursday.The list is recognised as the top standard in corporate sustainability. Keppel Land raced up the rankings, moving from 17th position last year to fourth this year, making it Asia’s most sustainable firm and the top-ranked real estate company globally.
  • Keppel Corporation posted on Thursday a 6.1 per cent increase in fourth-quarter net profit to S$725.9 million on the back of revenue that climbed 9.1 per cent to S$3.93 billion.Keppel also declared a final cash dividend of 36 Singapore cents per share, up from a final dividend of 30 cents per share in 2013.For the full year, Keppel’s net profit was up 2.1 per cent to S$1.88 billion. Revenue for the same period rose 7.3 per cent to S$13.28 billion.Net profit from the offshore and marine business – which accounts for 55 per cent of the group’s bottom line – stood at S$1.04 billion, 10 per cent higher than in the previous year, buoyed by better operating results and higher interest income.
  • JTC Corporation on Thursday released revised industrial property price and rental indices when it announced its fourth-quarter industrial statistics. These new indices come with an expanded coverage and improved methodology. For instance, more sub-indices will be made available to show price and rental movements based on property attributes such as property type, planning region, land-use zoning and remaining tenure.The indices will also expand their coverage to include single-user factories and business parks which they didn’t use to before. They will also cover transactions island-wide, as opposed to only tracking those in the central region formerly.
  • FRASERS Commercial Trust on Thursday reported a 22 per cent increase in distributable income from a year ago to S$16.7 million for the financial quarter ended Dec 31, 2014, as it reaped the first full quarter of contribution from Alexandra Technopark following the expiry of the master lease last August.This translated to a 20 per cent year-on- year growth in distribution per unit (DPU) to 2.46 Singapore cents for the commercial real estate investment trust (Reit).

STOCK RECOMMENDATION :

  • BUY CAPMALL TRUST ABOVE 2.215 TARGET 2.250 2.300 SL 2.175

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