SGX Stock Market

9Jul
sgx 09 july 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 09 July 2014

MARKET UPDATES :

  • China’s central bank will allow companies and individuals in Tianjin Eco-City to conduct cross- border yuan transactions with Singapore, following in the footsteps of the Suzhou Industrial Park where a trial scheme was approved last month.
  • In a move to solidify its franchise for non-resident Indian (NRI) clients, BNP Paribas Wealth Management has appointed Masroor Batin as its managing director and head of NRI based in Singapore, effective July 1, 2014.
  • Property and construction firm Yoma Strategic Holdings is entering the tyre business in Myanmar through a joint venture company with Mitsubishi Corporation.
  • THE Land Transport Authority has awarded two companies – Fonda Global Engineering and Yang Seng Engineering – its tender to replace street lights at about 500 roads island-wide with more energy efficient Light Emitting Diodes (LED) lighting.Fonda Engineering clinched the tender last month with a successful bid of S$8.56 million,

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 46.500 TG 46.800, 47.100, 47.500 SL 46.200

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

8Jul
sgx 08 july 2014

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

MARKET UPDATES :

  • Moody’s Investors Service has assigned a Aa2 foreign currency debt rating to the proposed USD benchmark senior unsecured notes drawdown, issued by DBS Group Holdings Limited’s (DBSH,Aa2 stable) from its US15 billion Global medium-term note (GMTN) program.
  • THE Monetary Authority of Singapore (MAS) has placed EcoHouse Group – an overseas property development firm which specialises in the construction of investor- funded housing for Brazilian families – on its Investor Alert List (IAL).
  • SENTIMENT for Singapore’s office sector remains positive as capital values and rents continued to rise in the second quarter amidst a backdrop of limited supply and higher occupancy rates, said a DTZ report released on Monday.
  • Fitch Ratings has assigned Singapore-based DBS Group Holdings’ (DBSH) proposed US dollar-denominated senior unsecured notes an expected rating of ‘AA-(EXP)’. The notes will be issued under the joint USD15bn global medium term note (GMTN) programme that the entity shares with its fully-owned subsidiary, DBS Bank Ltd.

STOCK RECOMMENDATION :

BUY JARDINE CYCLE ABOVE 45.600 TG 45.900,46.200, 46.600 SL 45.300

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

7Jul
sgx 07 july 2014

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

MARKET UPDATES :

  • IN its latest Singapore strategy report, Macquarie Research said it still sees opportunities in cyclical sectors that have lagged as well as in the domestic Land Transport sector, which is benefitting from major policy changes. Top picks are Noble, Keppel, UOB, GLP and ComfortDelgro and SMRT, with strong catalysts over the next 6-12 months according to the report entitled “Cures for the summertime blues”.
  • THREE of the 1,560 SingPass accounts that were compromised last month were used to make fraudulent work pass applications, the Ministry of Manpower (MOM) and Infocomm Development Authority of Singapore said on Friday.
  • M1 will supply and install digital television equipment for low-income houses under a programme to give them continued reception of free-to-air TV channels after Singapore switches over to digital broadcasting by 2020. This contract, part of the Digital TV Assistance Scheme for low-income households, was awarded by the Media Development Authority (MDA) following an open tender called from March 20 to April 22.

STOCK RECOMMENDATION :

  • BUY UNITED OVERSEAS BANK ABOVE 23.450 TG 23.750,24,000 SL 23,100

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

4Jul
sgx 4 july,14

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

MARKET UPDATES :

  • MAPLETREE Investments’ first shopping mall in Vietnam has attained pre-leasing commitment for more than half its net lettable area (NLA), way ahead of its scheduled opening in the first half of next year OCBC Investment Research has initiated a buy call on Hotel Properties Ltd (HPL) and Wheelock Properties Ltd given their key assets in the West Orchard area. The research house has pegged the fair value for HPL at S$5.32 a share, a 35 per cent discount to its revalued net asset value (RNAV
  • THE Singapore Exchange (SGX) announced on Thursday that the volume of securities traded on the bourse has declined in June, while trading in derivatives and commodities continued to increase, with record volumes for SGX rubber futures and iron ore offerings
  • KEPPEL Corp’s US$735 million contract with Golar Hilli Corporation, a subsidiary of Golar LNG, to perform the world’s first-of-its-type conversion of an existing Moss LNG carrier into a floating liquefaction vessel, has become effective.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.660 TG 6.740, 6.820, 6.920 SL 6.560

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

3Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 03 July 2014

MARKET UPDATES :

  • SINGAPORE-based engineering group Starburst Holdings is seeking a listing on Singapore’s Catalist board to raise S$13.5 million in net proceeds.The company is offering 50 million shares at S$0.31 each in its initial public offer.Two million shares will be offered for public subscription, while 48 million will be placed.
  • Shares of Singapore’s Jaya Holdings Ltd soared as much as 23 per cent in high turnover on Wednesday, after they went ex-dividend. Jaya announced last week it would pay S$0.16 per share on or about July 14, and the record date for the purpose of determining the shareholders’ entitlement to the cash distribution would be July 4.
  • THERE are six developmental challenges that industry stakeholders, including Olam International, have to address in this century, Sunny Verghese, group managing director and chief executive officer of Olam International, wrote in a blog entry celebrating the commodities firm’s 25th anniversary.These are: food security, water security, climate change, energy security and building a new paradigm of sustainable.

STOCK RECOMMENDATION :

  • BUY WILMAR INETRNATINAL ABOVE 3.200 TG 3.240, 3.280, 3.340 SL 3.140

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

2Jul
sgx

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

MARKET UPDATES :

  • FRASERS Centrepoint Limited (FCL), in a pre- opening note to Singapore Exchange on Wednesday, is requesting for the lifting of its trading halt.It shares opened on Tuesday at S$1.865 and was last seen trading at S$1.86 at around 2pm prior to the trading halt.
  • MAINBOARD-LISTED BBR Holdings has secured a $196 million contract to construct a new hall of residence at Nanyang Technological University (NTU).
  • It will be Singapore’s first public high-rise development to use the Pre-fabricated Pre-finished Volumetric Modular Construction (PPVC) system. Six blocks of 13-storey student hostels will be built at NTU’s North Hill precinct.
  • Singapore’s Frasers Centrepoint Ltd (FCL) has reached a deal to buy Australia’s Australand Property Group for about A$2.6 billion (US$2.46 billion), the Australian firm said on Tuesday. Frasers Centrepoint, a company controlled by Thai billionaire Charoen Sirivadhanabhakdi, last month entered the bidding race for the Australian firm,

STOCK RECOMMENDATION :

  • BUY DBS GROUP HOLDING ABOVE 16.830 TG 16.960,17,200 SL 16,550

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

1Jul
sgx-asx-tse

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

MARKET UPDATES :

  • SINGAPOREAN banks are well-positioned to meet new MAS liquidity coverage ratio (LCR) requirements, says Fitch Ratings. The new rules, announced on 24 June, are in line with wider Basel III objectives, and will require locally incorporated banks to maintain a full (100 per cent) local-currency LCR from January 2015. An all- currency LCR will also be implemented, starting at 60 per cent in 2015 and rising in annual 10pp steps to 100 per cent by 2019.
  • PRICES of completed non-landed private homes in Singapore rose 0.8 per cent in May compared to April, the flash estimates for the National University of Singapore’s Overall Singapore Residential Price Index (SRPI) revealed. The revised index value for April 2014 reflects a 1.0 per cent month-on-month decline.
  • THE Singapore Exchange (SGX) captured only 4 per cent of this year’s initial public offerings in Asia Pacific (excluding Japan), generating US$1.8 billion worth of proceeds, down 66 per cent compared to the first-half of 2013, preliminary data from Thomson Reuters show.

STOCK RECOMMENDATION :

  • BUY OLAM INTERNATIONAL ABOVE 2.580 TG 2.620, 2.660, 2.720 SL 2.520

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

30Jun
sgx-asx

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

MARKET UPDATES :

  • JACKSPEED Corporation is selling its leasehold factory in Loyang Drive for S$6.5 million under its ongoing efforts to redeploy capital more efficiently. The leather and car accessories distributor signed an option-to-purchase agreement with buyer Tan Soon Huah Gas Supply on Friday.
  • Singapore’s capital markets are set for more rated bond issues as the city’s regulator considers ways to promote transparency and deepen the business.The Monetary Authority of Singapore has raised the issue in recent discussions with market participants,
  • NOMINATED Member of Parliament Teo Siong Seng, who is the managing director of Pacific International Lines (Pte) Ltd, has taken the helm of Singapore’s apex business chamber, the Singapore Business Federation (SBF).
  • GLOBAL Logistic Properties (GLP), a provider of logistics facilities, on Friday said Seek Ngee Huat has been appointed as chairman of the board with effect from July.

STOCK RECOMMENDATION :

  • BUY SINGAPORE TELECOMMUNICATION LTD ABOVE 3.910 TG 3.970,4.100 SL 3.800

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

27Jun
SGX

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

MARKET UPDATES :

  • DBS Group Research said on Thursday that although it likes Singapore banks’ resiliency with strong asset quality and superior capital, catalysts are limited versus ASEAN peers apart from being a safe haven
  • SINGTEL could dish out potential special dividends of 5.5 cents a share if it divests its 26.1 per cent stake in SingPost, a non-core investment which has been targeted by China’s e-commerce giant Alibaba. Jack Ma’s Alibaba is investing S$312.5 million for a 10 per cent interest in SingPost to bolster its logistics business.
  • [SINGAPORE] Shares in semiconductor firm STATS ChipPAC Ltd jumped as much as 16.7 per cent on Thursday in strong volume on renewed talk on the sale of the company.
  • CORPORATE deals in Singapore outpaced those in Malaysia and Indonesia, making it a stand out performer in the region with 143 deals worth some US$18.7 billion recorded over the first half of the year.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.500 TG 2.540, 2.580, 2.640 SL 2.440

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

26Jun
SGX

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

MARKET UPDATES :

  • THE Monetary Authority of Singapore (MAS) on Wednesday outlined proposed measures to define a systemically important bank (SIB) in Singapore. The proposed indicators will be based on the following four factors: size; interconnectedness; substitutability and complexity.
  • KEPPEL Land and its fund management arm, Alpha Investment Partners, have on Wednesday signed a sale and purchase agreement to sell Equity Plaza in Raffles Place for S$550 million to a consortium led by mainboard-listed GSH Corporation, controlled by Sam Goi.
  • WILMAR International said on Wednesday that it has closed the deal to buy Huntsman Corporation’s European commodity surfactants business. Financial details of the deal were not disclosed.
  • WATER treatment firm Hyflux, through its wholly-owned subsidiary Hyflux International, has signed a memorandum of understanding (MOU) with Banco Interacciones, Mexico’s leading infrastructure bank, to collaborate on water projects in Mexico.

STOCK RECOMMENDATION :

  • BUY SINGAPORE TELECOMMUNICATION ABOVE 3.880 TG 3.930, 3.980, 4.060 SL 3.820

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

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