SGX Stock Market

8Aug
sgx 8 aug 14

Financial Sgx Singapore Stock Market Trading Picks And News –08th August 2014

MARKET UPDATES :

  • SINGAPORE] Commodity trader Noble Group Ltd said on Thursday its second-quarter net profit rose 5 per cent from a year earlier to US$65.8 million, pushing its first-half net profit to more than double on the year.Hong Kong-based Noble Group is one of the world’s largest commodity traders.
  • [SYDNEY] Singapore-listed Frasers Centrepoint Ltd will buy Australia’s Australand Property Group for A$2.6 billion (US$2.41 billion) after securing shareholder approval late on Thursday. In a statement to the Australian Securities Exchange, Frasers said Australand investors with 56.8 per cent of its shares supported the offer,
  • SHARES of OCBC Bank continued to rise in Thursday morning trading, crossing S$10 a share even as peers DBS Group and UOB continued their slide on profit-taking. At 10:54 am, OBC shares were up 6 cents to hit a 52- week high of S$10.16 each.DBS shares slid 21 cents to S$18.16 each, while UOB shares shed 3 cents to S$22.57.
  • SINGAPORE eDevelopment (formerly CCM) sank deeper into the red, reporting a net loss of S$5.7 million for the six months ended June 30 compared to a net loss of S$68,00

STOCK RECOMMENDATION :

  • BUY UNITED OVERSEAS BANK ABOVE 22.700 TG 22.800. 22.920. 23.100 SL 22.580

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

7Aug
sgx 7 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –07th August 2014

MARKET UPDATES :

  • STRUCTURAL steel contractor Yongnam Holdings on Wednesday posted net loss of S$5.26 million for the fiscal second quarter ended June 30. A year ago, it had reported profit of S$8.63 million. Turnover plunged 46.5 per cent year on year to S$61.61 million, as no new contracts were secured in the reporting quarter. Consequently, loss per share was 0.42 cents. A year ago, the group posted earnings per share of 0.68 cents.
  • [SINGAPORE] Supercar dealers in wealthy Singapore are fretting over their future as higher taxes, new auto loan restrictions and a shift in tastes towards less ostentatious vehicles send sales plummeting. While the roar of high- octane engines is a familiar sound in central Singapore, home to the third-highest ratio of millionaires per capita in the world, supercar showrooms are largely silent.
  • COE or certificate of entitlement premiums rose across the board as dealers rushed to secure them following strong orders for new models and the realisation that the new quota was not as generous as first thought. Category A, for cars below 1,600cc and 130 hp, went up S$1,710 to S$64,600, while Cat B – for cars above 1,600cc or 130 hp – jumped S$3,688 to S$68,689.

STOCK RECOMMENDATION :

  • BUY SIA ENGINEERING ABOVE 4.600 TG 4.660, 4.740, 4.820 SL 4.520

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

6Aug
sgx 6 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –06th August 2014

MARKET UPDATES :

  • Singapore’s parliament has passed a bill proposing to fine companies that pollute the country’s air, regardless of whether the companies operate on the island. The bill was drafted after Singapore suffered the worst haze on record last year as smoke from forest clearing in neighbouring Indonesia shrouded the city
  • Temasek named John Cryan as the advisory senior director to strengthen its network and relationships in Europe. Mr Cryan, who was the president of Temaesk Europe, stepped down from his current responsibilities from Aug 1.
  • SINGAPORE Post Limited on Tuesday said its net profit for the fiscal first quarter ended June 30, 2014 rose 5.1 per cent to S$39.24 million.Revenue increased 4.8 per cent to S$210.91 million, as growth in e-commerce related activities continued to offset declines in the traditional postal business.Earnings per share were 1.863 cents, up from 1.775 cents. An interim dividend of 1.25 cents per ordinary share payable on Aug 29, has been declared
  • STARHUB has posted a 6.3 per cent decrease in net profit to S$94.3 million for the second quarter ended June 30. Operating revenue for the same period stood at S$576.4 million, slipping 1.8 per cent from the same period a year ago.

STOCK RECOMMENDATION :

  • BUY OCBC ABOVE 9.980 TG 10.080, 10.180, 10.300 SL 9.860

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

5Aug
sgx 5 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –05th August 2014

MARKET UPDATES :

  • Drilling rig builder Sembcorp Marine Ltd said on Monday its second-quarter net profit rose 5.4 per cent from a year earlier to S$131.6 million (US$105.57 million), helped by stronger performance from its rig building and fixed platform businesses. Sembcorp Marine, in which Singapore’s state investor Temasek Holdings holds more than 60 per cent, said its revenue for the quarter ended June 30 rose 19 per cent to S$1.34 billion.
  • CLAIRE Chiang, senior vice-president of Banyan Tree Holdings, has been appointed the new chairperson of The National Book Development Council of Singapore (NBDCS). She is the first corporate head to helm the council since its establishment in 1969 to promote reading, publishing and library development in Singapore.
  • SHARES of Advance SCT were hit on Monday morning on selling ahead of a huge placement of 1.7 billion new shares which will be listed on Wednesday. Advance SCT was trading at 0.2 cents, down 0.1 cent, or 33 per cent, The group has engaged Lim & Tan Securities to procure the subscription of these new shares, which are being issued at a discount at 0.19 Singapore cents per share.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.610 TG 2.660, 2.710, 2.770 SL 2.550

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

4Aug
sgx 4 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –04th August 2014

MARKET UPDATES :

  • The Monetary Authority of Singapore (MAS) has sought information from some Singapore-based lenders about their Chinese clients and loan exposure to China amid an investigation into a suspected commodity financing fraud at China’s Qingdao port. The regulator sent a questionnaire to a number of banks in mid-July requesting data on their total China exposure by purpose and trade finance exposure, according to five Singapore-based banking sources. Lenders were also asked for details of their import and export commodities exposure.
  • THE Singapore Mediation Centre (SMC) says more businesses are turning to mediation to settle commercial disputes in place of costlier lawsuits. To cater to the increase in demand and to provide greater access to mediators, the SMC on Friday said they now have a panel of 60 mediators who specialise in 10 areas including healthcare and shipping.
  • P2i, a technology spin-off from Britain’s Ministry of Defence, is looking to raise as much as 10 million pounds (US$17 million) from Singapore investors as it readies the launch of its “Dunkable” or waterproof technology for smartphones and tablets. The fundraising by the nanotechnology company follows an expanding list of overseas firms tapping Singapore’s pool of high net worth individuals.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.990 TG 7.060, 7.130, 7.220 SL 6.900

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

1Aug
sgx 1 aug 2014

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

MARKET UPDATES :

  • MILLENNIUM & Copthorne Hotels Plc, the hospitality arm of Singapore-listed City Developments, reported on Thursday weaker bottomline for the second quarter of 2014, prompting management’s note of cautious optimism for the full year.Net profit for the second quarter was 24 million pounds compared to a restated 33.2 million pounds a year ago.Earnings per share were 7.4 pence, compared to 10.2 pence per share a year ago.
  • BUSINESS leaders expect to increase their headcount in the next six months, according to Robert Half’s Employment Report.The report found that for business leaders in the banking or financial services sector, 49 per cent plan to add new permanent staff, with 41 per cent maintaining current levels Another 7 per cent are freezing all new hires while only 3 per cent plan to reduce headcount.
  • SINGAPORE’S services sector is now more optimistic about business prospects in the next six months, compared to sentiment a quarter ago.The Department of Statistics (DoS) said on Thursday that a weighted 21 per cent of services firms polled between June and mid-July expect the business to improve the second half of the year, up from 15 per cent of those polled in April.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.480 TG 3.530, 3.580,3.650 SL 3.400

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

31Jul
sgx 31 july 2014

Financial Sgx Singapore Stock Market Trading Picks And News –31 July 2014

MARKET UPDATES :

  • RESEARCHERS from the Singapore General Hospital and the Duke-NUS Graduate Medical School are a step closer to finding a treatment for dengue fever, which currently cannot be treated with an antiviral drug or vaccinated against. The progress comes after the researchers found that Celgosivir, a medicine derived from the seeds of the Moreton Bay Chestnut trees, to be safe for dengue patients.
  • STEPHEN Lee is stepping down as President of the Singapore National Employers Federation (SNEF) on August 31, after 26 years at the helm. He will be succeeded by Robert Yap, the current chairman and chief executive of home-grown logistics company YCH Group, on Sep 1. Dr Yap is one of four vice- presidents at SNEF.
  • TATA Consultancy Services (TCS) announced on Wednesday that it is the official IT consultancy partner of the Standard Chartered Singapore Marathon (SCMS) 2014. It will provide a mobile application and technology support for the event. Vish Iyer, President,
  • THE Building and Construction Authority (BCA) has granted S$8.3 million to researchers from the National University of Singapore (NUS), Nanyang Technological University and Ngee Ann Polytechnic to develop energy efficient technologies.

STOCK RECOMMENDATION :

  • BUY DBS GROUP HOLDING ABOVE 18.090 TG 18.190, 18.300, 18.440 SL 17.950

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

30Jul
sgx 30 july 2014

Financial Sgx Singapore Stock Market Trading Picks And News –30 July 2014

MARKET UPDATES :

  • SINGAPORE’S Land Transport Authority (LTA) has awarded the last three of 25 major civil contracts for Thomson Line’s Orchard, Marina South and Gardens by the Bay stations and tunnels at S$1.32 billion.With the award of these three civil contracts, LTA has awarded all the 25 major civil contracts for Thomson Line at a total cost of about S$7.77 billion
  • Temasek Holdings said on Friday it had sold all of its remaining shares in New China Life Insurance (NCI), on the back of a 27 per cent rally in the stock over the past year. Temasek sold 78 million shares in NCI, China’s third-largest life insurer at HK$27.45 each raising HK$2.14 billion (US$276 million), after offering the stock in a HK$27.30 to HK$27.85 per share indicative range,
  • SINGAPORE’S factory output staged a small recovery in June, growing 0.4 per cent year-on- year.This came after a revised 1.9 per cent drop in May, the first decline since June 2013.The electronics cluster, which has the biggest weightage of 33.4 per cent on the industrial production index, continued to fall last month, posting a 4.8 per cent drop,

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.620 TG 2.660, 2.700, 2.760 SL 2.560

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

28Jul
sgx 28 july 2014

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

MARKET UPDATES :

  • SINGAPORE’S Land Transport Authority (LTA) has awarded the last three of 25 major civil contracts for Thomson Line’s Orchard, Marina South and Gardens by the Bay stations and tunnels at S$1.32 billion.With the award of these three civil contracts, LTA has awarded all the 25 major civil contracts for Thomson Line at a total cost of about S$7.77 billion
  • Temasek Holdings said on Friday it had sold all of its remaining shares in New China Life Insurance (NCI), on the back of a 27 per cent rally in the stock over the past year. Temasek sold 78 million shares in NCI, China’s third-largest life insurer at HK$27.45 each raising HK$2.14 billion (US$276 million), after offering the stock in a HK$27.30 to HK$27.85 per share indicative range,
  • SINGAPORE’S factory output staged a small recovery in June, growing 0.4 per cent year-on- year.This came after a revised 1.9 per cent drop in May, the first decline since June 2013.The electronics cluster, which has the biggest weightage of 33.4 per cent on the industrial production index, continued to fall last month, posting a 4.8 per cent drop,

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.620 TG 2.660, 2.700, 2.760 SL 2.560

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

25Jul
sgx 25 july 2014

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

MARKET UPDATES :

  • Keppel Corporation Ltd , the world’s top jackup rig builder, said on Thursday its net profit in the second quarter of the year jumped 17 per cent from a year earlier to S$406 million (US$328 million).Net profit for the first half of 2014 gained 5.8 per cent on the year to S$744.7 million. That was slightly short of half of a full-year mean forecast of S$1.572 billion by 24 analysts,
  • KHEAM Hock Gardens, a private residential site located off Dunearn Road, has been launched for sale by tender with a reserve price of S$59 million.This translates to S$1,430 per sq ft for the site, which has an area of around 41,245 sq ft. Located at 38 Kheam Hock Road, the existing freehold development comprises 19 apartments.
  • THE disciplinary process to assess and regulate doctors in Singapore will become quicker, more efficient and more transparent in line with the proposals put forth by the Review Committee. The Review Committee – consisting of senior medical professionals, lawyers and public servants – was appointed in December 2012 by the(SMC) disciplinary process.

STOCK RECOMMENDATION :

  • BUY DBS GROUP HOLDING ABOVE 18.080 TG 18.180, 18.300, 18.450 SL 17.950

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

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