SGX Stock Market

2Sep
sgx 02 sep  2014

Financial Sgx Singapore Stock Market Trading Picks And News –02 September 2014

MARKET UPDATES :

  • DBS Bank on Monday announced two senior management appointments as it seeks to build a regional leading transaction banking business, one of the bank’s strategic priorities. John Laurens, an industry veteran with over 30 years of banking experience, will join DBS on November 10 as head of global transaction services (GTS).
  • SINGAPORE’S GIC, together with affiliates of Blue Water Energy and Blackstone Energy Partners are investing US$500 million in Siccar Point Energy Limited, a new exploration, development and production company focused on the North Sea.
  • BMW Financial Services on Monday signed a strategic partnership with DBS Bank which will offer a range of car financing facilities to customers of BMW, MINI and Rolls-Royce vehicles. The partnership, which takes effect from September 4, rides on an existing co-operation between the BMW Group and DBS within the Asia region.
  • ASCENDAS Reit (A-Reit) had the highest annualised turnover velocity in the first seven months of 2014 at 67.5 per cent, making it the most active stock among the seven industrial reits listed on the Singapore Exchange. In July, Ascendas Reit reported net property income of S$116.3 million for the first quarter ended June 30, 2014, an increase of 7.7 per cent from S$108.0 million a year ago.

STOCK RECOMMENDATION :

  • BUY SMRT CORPORATION ABOVE 1.590 TG 1.615, 1.650, 1.690 SL 1.550

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

1Sep
sgx 01 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News –01st September 2014

MARKET UPDATES :

  • Total bank lending in Singapore was barely changed in July from June as loans to manufacturing, building and construction rose while lending to financial institutions fell, central bank data showed on Friday. Loans and advances by domestic banking units in the city-state amounted to S$597.4 billion (US$478.4 billion) last month, compared to S$597.7 billion in June, according to the Monetary Authority of Singapore.
  • There’s an eerie silence at night in Sentosa Cove, the man-made island resort billed as Singapore’s answer to Monte Carlo and the only place in the country where foreigners can buy landed property. Dozens of houses – complete with their own private yacht berths and multiple swimming pools – sit empty while few lights are on in the apartment blocks overlooking the marina, a few kilometres away from Sentosa’s giant casino.
  • INFORMATION technology solutions distributor ECS Holdings is poised to capture the upswing from a new infrastructure refresh cycle for servers, said OCBC Investment Research in upgrading the stock to “buy” from “hold”. Systems that were deployed shortly after the global financial crisis are due to be retired and replaced, analyst Eugene Chua wrote in a note

STOCK RECOMMENDATION :

  • BUY JARDIEN STRATEGIC HOLDING ABOVE 36.400 TG 36.650, 37.000, 37.400 SL 36.100

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

29Aug
sgx 29 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –29th August 2014

MARKET UPDATES :

  • LISTED Straco Corporation Limited’s subsidiary, Straco Leisure, has emerged as the buyer of the Singapore Flyer Pte Ltd for S$140 million. Straco Leisure is a joint venture between Bay Attractions Pte Ltd, a wholly owned subsidiary of Straco Corp, and WTS Leisure Pte Ltd.
  • PRICES of completed non-landed private homes in Singapore dipped 0.3 per cent in July compared with June, according to the latest flash estimates of the National University of Singapore’s Overall Singapore Residential Price Index (SRPI). The revised index value for June reflects a 0.5 per cent month-on-month drop
  • OCBC Bank is giving shareholders who are also customers a sweetener for taking part in a rights issue. The bank is offering one rights share for every eight existing shares held at S$7.65 apiece as it hopes to raise S$3.37 billion to help fund its S$6.2 billion offer for Hong Kong’s Wing Hang Bank.
  • ENERGY exploration and production company Linc Energy has agreed to sell its Carmichael coal-mine royalty deed in Australia to India’s Adani Group for A$155 million (S$180 million) in cash.

STOCK RECOMMENDATION :

  • BUY SIA ENGINEERING ABOVE 4.590 TG 4.640, 4.690, 4.750 SL 4.520

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

28Aug
sgx 28 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –28th August 2014

MARKET UPDATES :

  • Mainboard-listed tourism operator Straco Corporation could be getting ready to announce its acquisition of the Singapore Flyer, The Business Times understands. The firm was among the frontrunners to buy the iconic Ferris wheel by the Esplanade. Straco currently runs two aquariums and a mountain cable car service in China. Its shares have surged 157 per cent from a year ago. Straco last closed at 82 cents, near a historical high.
  • THE roughly 300 investment funds approved by the Central Provident Fund (CPF) continued to do well amid liquidity from central banks and low volatility. The average fund under the CPF Investment Scheme (CPFIS) posted a 3.73 per cent return in the three-month period ended June 2014. On average, this beat the 4 per cent minimum interest rate offered by the CPF Special, Medisave and Retirement Accounts (SMRA).
  • SINGAPORE LNG Corporation (SLNG) has awarded a S$700 million engineering, procurement and construction contract for the Phase 3 expansion of the Singapore LNG Terminal to Samsung C&T Corporation. The contract, signed on August 26, involves the further expansion of the terminal to include a fourth liquefied natural gas (LNG) storage tank and additional regasification facilities.

STOCK RECOMMENDATION :

  • BUY DBS GROUP HOLDING ABOVE 18.000 TG 18.100, 18.220, 18.350 SL 17.870

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

27Aug
sgx 27 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –27th August 2014

MARKET UPDATES :

  • JTC Corporation is releasing three industrial sites in Tuas for sale.A 0.8-hectare site at Tuas South St 9 is being sold on the confirmed list. The site is zoned for Business 2 development, which can be used for most industries. It has a 20-year nine- month tenure with maximum gross floor area to site area, or gross plot ratio, of 1.0.
  • SINGAPORE investor sentiment rose in the second quarter of 2014 to its highest level since the first quarter of 2013, according to Manulife Investor Sentiment Index.
  • United Engineers Ltd said on Tuesday its subsidiary WBL Corporation was selling its luxury car business to StarChase Motorsports (Singapore) for S$455 million (US$365 million). The company said the sale was part of its plan to exit from non- core business operations.
  • OFFSHORE marine group Otto Marine has won A$57 million (S$66 million) worth of time charter contracts in Australia for two deep-water anchor handlers. One of the vessels will operate off the north-west coast of Australia, while the other will work out of Darwin. Both will be supporting oil majors.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 7.070 TG 7.140, 7.220, 7.320 SL 6.970

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

26Aug
sgx 26 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –26th August 2014

MARKET UPDATES :

  • SINGAPORE Airlines’ (SIA) partnerships with India’s Tata Sons and Air New Zealand (Air NZ) appear promising but key uncertainties still need to be addressed, OCBC Investment Research analyst Eugene Chua wrote in a note. SIA and Tata are planning to begin flights in October by a new jointly owned carrier, Vistara, to serve the Indian market.
  • Fund managers of collective investment schemes (CIS) from each of Singapore, Malaysia and Thailand can now sell directly to retail investors in the other two Association of South-east Asian Nations (Asean) countries. The change comes with the launch on Monday of the Asean CIS Framework, which is part of plans to integrate regional capital markets.
  • CONSUMER price inflation in Singapore eased more than expected to 1.2 per cent in July from 1.8 per cent in June, mainly on account of lower private road transport costs due to a high base a year ago.
  • THE Aspire Committee, set up by the government to help polytechnic and Institute of Technical Education (ITE) graduates get the right jobs and move up the career ladder, has completed its work.

STOCK RECOMMENDATION :

  • BUY OLAM INTERNATIONAL ABOVE 2.590 TG2.630.2.680 SL 2.540

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

25Aug
sgx 25 14

Financial Sgx Singapore Stock Market Trading Picks And News –25th August 2014

MARKET UPDATES :

  • Singapore’s industrial production in July likely posted its first month-on-month rise since March, a Reuters poll showed on Friday, adding to signs that manufacturing activity may have bottomed out after weakening in the second quarter.
  • THE secured pre-commitment at Asperia is below expectations, but the tenants it has secured should translate to a sustainable income stream for Ascendas Real Estate Investment Trust (A-Reit), said OCBC Investment Research (OIR) on Friday. According to A- Reit’s management, Asperia has secured pre- commitment for 46 per cent of its space, with another 15 per cent in advanced negotiations.
  • CAPITALAND Treasury Limited, a wholly owned subsidiary of CapitaLand, has priced the offering of S$500 million, 3.80 per cent fixed-rate notes due 2024. The notes will be issued under a S$5 billion Euro Medium Term Note Programme established in August 2012 and updated in September last year.
  • BOC Aviation has priced A$125 million in 6.5-year fixed rate senior unsecured notes due 2021.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.390 TG 3.440, 3.490, 3.560 SL 3.320

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

22Aug
22 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –22nd August 2014

MARKET UPDATES :

  • ST Engineering is the only company in Singapore to make it to Forbes’ list of “The World’s Most Innovative Companies”.The Singapore-listed defence-related group is ranked 87 out of 100 companies globally, and boasts of an Innovation Premium (IP) of 33.6 per cent.
  • EOC Ltd, an Oslo-listed offshore support services firm, has started premarketing a share offering of up to US$250 million for a secondary listing in Singapore, IFR reported on Thursday, citing banking sources.EOC is an associate company of Singapore-listed Ezra Holdings Ltd, which has planned to inject its offshore support services division into EOC.
  • Singapore’s core inflation rate in July probably rose to its highest in almost two years, a Reuters poll showed on Thursday, reflecting wage cost pressures from a tight labour market.
  • DEPARTMENT store operator Parkson Retail Asia reported a near 36 per cent drop in net profit year on year to S$3.17 million for the fourth quarter ended June 30.Revenue slid four per cent to S$99.18 million due to negative same store sales (SSS) growth in Malaysia and Vietnam, as well as the weaker Indonesian rupiah.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 10.170 TG 10.270, 10.390, 10.440 SL 10.050

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

21Aug
sgx 21 Aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –21st August 2014

MARKET UPDATES :

  • STARHUB has launched on Wednesday a new cloud marketplace, ‘SmartBusiness’, for small and medium sized businesses (SMBs) to buy software and services such as Microsoft Office 365 and McAfee Endpoint Protection.
  • OCBC Investment Research on Wednesday upgraded KS Energy to a “buy” and pegged the fair value at S$0.58 a share. “The firm is still finding its footing in terms of earnings, but given that KS Energy is now trading at 0.64x P/B (Price to Book), we are seeing value in the stock,” OCBC said in a research note.
  • XMH Holdings, a diesel engine provider for the marine and industrial sectors, on Wednesday said it has inked a memorandum of understanding (MOU) for an 80 per cent stake in Singapore’s Z-Power Automation for S$13.2 million.

STOCK RECOMMENDATION :

  • BUY COMFOTDELGRO LTD ABOVE 2.560 TG 2.600, 2.640, 2.700 SL 2.500

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

20Aug
sgx 20aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –20th August 2014

MARKET UPDATES :

  • DBS Bank has been named the best bank in the Asia-Pacific region, according to Global Finance magazine’s “World’s Best Banks 2014 Awards”. The annual listing includes the best bank worldwide for corporate, consumer and private banking, emerging markets, frontier markets, Islamic finance, asset management, global custody, investment banking, cash management, trade finance, foreign exchange, sub-custody and supply chain finance.
  • WHO says nobody shops at the Great Singapore Sale (GSS) anymore? According to MasterCard, the annual sale is still drawing shoppers. MasterCard cardholders, for instance, spent US$1.66 billion at this year’s GSS, an increase of 11.2 per cent from last year.
  • NOMURA Securities and Citi have upgraded their target price for OCBC Bank shares.On Tuesday, Nomura upgraded OCBC shares to a “buy” from “neutral” and has also revised up its target price to S$11.90 a share from S$11.50 previously.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.380 TG 3.420, 3.470, 3.530 SL 3.320

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

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