SGX Stock Market

8Sep
sgx 08 sep 14

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

MARKET UPDATES :

  • THE Straits Trading Company Limited (Straits Trading) has agreed to sell the Straits Trading Building to the Sun Venture Group for S$450 million. Straits Trading is expected to realise an estimated capital gain of S$39 million on the sale, based on the building’s latest book value as at June 30, 2014. Based on historical cost, the gain to the company will be S$373 million,
  • THE Maritime and Port Authority of Singapore (MPA) on Friday said it has cancelled the bunker supplier and bunker craft operator licences of Northwest Resources Pte Ltd from September 1, 2014. This means Northwest Resources will no longer be allowed to operate as bunker supplier and bunker craft operator in the Port of Singapore.
  • GOLD exploration and mining group, Wilton Resources Corporation Limited, said that latest updates showed higher gold estimates at its Ciemas Gold project in West Java, Indonesia. The company, formed after a reverse take-over of Hartawan Holdings, said the updates came from a mineral resource report in June from SRK Consulting China Limited.
  • DMG Research has maintained its ‘buy’ call on Keppel Corporation and has pegged a target price of S$12.50 a share for the diversified marine conglomerate. This, after the group announced that it was in the process of finalising contracts with Golar Gimi Limited, a subsidiary of Golar LNG, to perform the conversion of a second LNG carrier, the GIMI, into a Floating Liquefaction Vessel (FLNGV).

STOCK RECOMMENDATION :

  • BUY OVERSEA CHINESE BANKING ABOVE 9.760 TG 9.860, 9.980, 10.200 SL 9.640

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

4Sep
sgx 05 sep 2014

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

MARKET UPDATES :

  • Eight bids have been received for an executive condominium (EC) site along Choa Chu Kang Drive. Sim Lian Land placed the top bid of S$207.4 milion or S$361 per square foot per plot ratio (psf ppr) for the site, which is expected to yield an estimated 535 homes. ECs are a public-private housing hybrid with initial buyer eligibility and resale restrictions that are completely lifted 10 years after the completion of the project.
  • SINGAPORE Airshow, Asia’s largest aerospace and defence exhibition, contributed S$319 million to the Singapore economy in 2014. A study by Kadence International said that this was a 25 per cent increase from the 2012 edition and that the growth was supported by a substantial increase in foreign expenditure, which rose 30 per cent from 2012.
  • HDB resale prices slipped 1.1 per cent in August compared with July 2014, data from the Singapore Real Estate Exchange (SRX) shows. The three and four-room flats were the main drag, as their resale prices fell 2 per cent and 0.9 per cent respectively in August. The larger flats – five-room and executive flats – turned out to be resilient in August, with resale prices edging up 0.8 per cent and 1.5 per cent respectively.
  • CHARISMA Energy Services Limited said on Thursday that it has secured a US$72 million contract over a seven-year period to provide a fleet of five offshore support vessels for a Middle Eastern national oil company for use in the Arabian Sea. The provider of mechanical and electrical engineering services in Singapore said that the project will be funded through internal resources, as well as bank borrowings.

STOCK RECOMMENDATION :

  • BUY OLAM INTERNATIONAL ABOVE 2.690 TG 2.730, 2.780, 2.840 SL2.640

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

4Sep
sgx 04 sep 2014

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

MARKET UPDATES :

  • SINGAPORE is the world’s second most competitive economy for the fourth year running, according to the World Economic Forum’s (WEF’s) latest Global Competitiveness Index (GCI). The 2014-2015 report released on Wednesday had Switzerland in first place for a sixth consecutive year. Using 12 pillars – including infrastructure, macroeconomic environment, health and primary education – the WEF GCI ranks the competitiveness performance of 144 economies worldwide, and is the most comprehensive assessment of its kind globally.
  • TUAN Sing Holdings Limited on Wednesday said it would buy over the 50 per cent stake in Australia’s Grand Hotel Group (GHG) belonging to joint venture partner Morgan Stanley, for A$126.04 million (S$146.5 million). When the deal is completed, Tuan Sing will have full control in GHG, which owns two five-star hotels in Australia – Grand Hyatt Melbourne and Hyatt Regency Perth.
  • JURONG Shipyard, a wholly owned unit of Sembcorp Marine is selling two tranches of bonds, one with a long 15-year duration, not seen in recent years for non-bank corporate issuers. This is a new issue by Jurong Shipyard, and two tenures are on offer – seven years and 15 years – according to a termsheet seen by The Business Times on Wednesday. The price guidance for seven-year bonds is low 3 per cent while the 15-year is in the 4 per cent area.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.380 TG 3.430, 3.480, 3.540 SL 3.320

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

3Sep
sgx 03 sep 2014

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

MARKET UPDATES :

  • MAINBOARD-LISTED Rotary Engineering said on Tuesday it had won several contracts worth a total value of about S$80 million, including one which allowed it to break into the LNG (liquefied natural gas) space. Rotary – an engineering, procurement, construction and maintenance services company supporting the oil and gas and petrochemical industry – said it won its first LNG contract, through a deal with IHI Corporation.
  • OCBC Investment Research has downgraded its take on the oil and gas sector to neutral, but added that the long- term outlook is positive. The September report noted that there has been a softening in the day rates for deepwater and ultra-deepwater rigs, though charter rates for jackups are still holding up.
  • SINGAPORE has overtaken China as the largest source of Asian outbound real estate investment in the first six months of this year. Hong Kong, China and Malaysia trail behind. Ada Choi, senior director for CBRE Research Asia, noted that Singaporean investors were “driven overseas by domestic yield compression and a lack of suitable assets”.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.590 TG 2.630, 2.670, 2.730 SL 2.530

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

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.

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