SGX Stock Market

29May
SGX2

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

MARKET UPDATES :

  • OUB Centre Limited on Wednesday announced that One Raffles Place shopping mall will be re-opening following a major refurbishment. Comprising a net lettable area of about 98,500 sq ft spread over six levels, the mall located just above Raffles Place MRT station has a committed occupancy of over 90 per cent.
  • TIONG Seng Holdings said on Wednesday that the joint venture between its subsidiary, Tiong Seng Contractors (Pte) Ltd, and Dongah Geological Engineering Co.Ltd (Singapore Branch), has been awarded a S$316 million contract.
  • YOMA Strategic Holdings on Wednesday said its 80 per cent-owned subsidiary YSH Finance had on Tuesday increased its stake in Myanmar’s Digicel Asian Holdings from 8 per cent to 25 per cent, thereby making the latter an associated company of Yoma. YSH Finance had subscribed for an additional 420,000 new shares – representing 17 per cent interest – in Digicel Asian Holdings for US$427,333

 

STOCK RECOMMENDATION :

  • BUY NOBLE GROUP ABOVE 1.400 TG 1.440, 1.480, 1.540 SL 1.340

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

27May
sgx-asx-tse

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

MARKET UPDATES

  • OSIM International Ltd said on Tuesday that The Wellness Group Pte Ltd and Manoj Mohan Murjani had on May 23, 2014 issued another Writ of Summons against the company and all of its directors for alleged defamation.
  • HOTEL Properties Limited’s founder Ong Beng Seng and Wheelock Properties, who are tying up to buy out the hotel company, have raised their offer again to S$4.05 a share. This is the second time the offer has been raised. The offer was improved to S$4 a share from S$3.50 previously.
  • BOUSTEAD Singapore’s net profit for the fourth quarter ended March 2014 fell 8 per cent to $25.5 million from a year ago, largely due to a lower value of non-recurring items. Revenue fell 3 per cent to $142 million from $146 million.
  • Fullerton Fund Management, the asset management unit of Singapore state investor Temasek Holdings (Private) Ltd, said it has been awarded a license that gives it more access to China’s mainland capital markets, joining international funds like BlackRock.

 

STOCK RECOMMENDATION

  • BUY DBS GROUP HOLDINGS LTD ABOVE 16.930 TG 17.000,17,200 SL 16.830

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

23May
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Financial Sgx Singapore Stock Market Trading Picks And News – 23 May 2014

MARKET UPDATES

  • DETERIORATING health is the top retirement  concern for Singapore investors, followed by  healthcare affordability, according to a latest survey  by Manulife. Close to three quarters of respondents  indicated their health would likely deteriorate after  they retire, while 55 per cent of them said  healthcare would become unaffordable.
  • OFFICIAL retirement ages across Asia, which range  between 55 and 65 years of age, are out-of-date  and need to be raised, say the majority of Asian  investors, according to Manulife’s new research  released on Thursday.
  • MANHATTAN Resources on Thursday announced  that it has entered into a conditional agreement to  acquire Singxin Resources for S$1 billion through an  issue of up to 1.37 billion new shares at S$0.73 a  piece.Manhattan Resources last traded at S$0.775  on Tuesday. The new shares will be paid to the  vendors: Kaiyi Investment, Mining Alliances, Low  Tuck Kwong and Asiaworld Capital.

STOCK RECOMMENDATION

  • BUY WILMAR INTERNATIONAL ABOVE 3.250 TG  3.300, 3.350, 3.420 SL 3.180

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

22May
Epic Research Singapore

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

MARKET UPDATES

  • THE three large Asean economies of Indonesia, the  Philippines and Thailand, which are striving to shift  from significant commodity dependence to high  value-added exports, could do worse than to look at  Singapore and Malaysia’s experience, said ICAEW’s  latest Economic Insight report. For instance, in  2012, 33 per cent of Indonesian exports consisted  of fuels and related materials, and 12 per cent  consisted of animal and vegetable oils, fats and  waxes.
  • THE Singapore Institute of Manufacturing  Technology (SIMTech), a research institute of the Agency for Science, Technology and Research  (A*STAR), and the National University of Singapore  (NUS) Faculty of Engineering will be launching two  joint labs to boost R&D in manufacturing. The  research will focus on two areas, namely natural  fibre composites and large format machining, to  “move the local precision engineering industry into  high value-added manufacturing”,The SIMTech-NUS  joint labs aim to build capabilities and develop  technologies to help the complex equipment

STOCK RECOMMENDATION

  • BUY CAPITALAND LTD ABOVE 3.150 TG 3.200, 3.250, 3.320 SL 3.080

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

21May
sgx2

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

MARKET UPDATES

  • Singapore’s Goodpack Ltd confirmed on Tuesday it is in discussions with KKR & Co about a possible buyout by the US private equity firm, the company said in a statement.The announcement follows reports on Monday that KKR was nearing the deal. If successful, the purchase of Goodpack would be KKR’s first purchase of a listed company from its latest Asia fund.
  • IE Singapore and the Nanjing Health Bureau plan to facilitate exchanges between Singapore and Nanjing’s public and private sectors to encourage collaboration in the healthcare sector. Both parties will identify and support a commercially-driven, demonstrative healthcare platform project spanning different sectors such as master-planning, smart healthcare solutions and healthcare and wellness services.
  • SHARES of Valuetronics extended gains on Tuesday. Phillip Capital on Tuesday initiated coverage on the integrated electronics manufacturing service provider, with a “buy” rating and a target price of 43 Singapore cents, representing a potential 28 per cent upside.

STOCK RECOMMENDATION:

  • BUY SMRT CORPORATION ABOVE 1.480  TG 1.520, 1.560, 1.620 SL 1.420

 

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

20May
SGX2

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

MARKET UPDATES

  • CAPITAL markets doyen Eric Ang, will hand over the reins to his deputy Eng-Kwok Seat Moey come June 1, DBS Bank said Monday. Mr Ang, a career DBS banker of over 35 years and trailblazer of Singapore capital markets
  • Singapore on Monday opened an aquatic centre at its new S$1.3 billion (US$1.0 billion) sports hub and officials said the entire complex would be ready by late June despite teething problems. Lawrence Wong, Minister for Culture, Community and Youth, aid the sprawling complex will be opened in stages, with test events held in the coming weeks to help resolve operational problems.
  • SINGAPORE’S domestic wholesale trade fell 2.8 percent in the first quarter of 2014 compared to a year ago, data released by the Department of Statistics Singapore on Monday showed. The decrease was largely due to the petroleum and petroleum products as well as telecommunications and computers sectors, which registered declines of 7.6 per cent and 13.4 per cent in domestic sales.

STOCK RECOMMENDATION:

  • BUY COMFORTDELGRO LTD ABOVE 2.310 TG 2.350, 2.400, 2.460 SL 2.250

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

19May
sgx2

Financial Sgx Singapore Stock Market Trading Picks And News – 19th May 2014

MARKET UPDATES

UNITED Overseas Bank (UOB) has become the first Asian member of Eurex Clearing, the clearing house for the Deutsche Borse group. This takes place as the German exchange operator makes a big push into Asia, and after the Monetary Authority of Singapore gave approval in 2012 for banks in Singapore to offer clearing services on the Eurex Exchange, the largest derivatives exchange in Europe.

MAPLETREE Investments Pte Ltd reported on Friday a net profit of S$859.4 million for the full year ended March 31, 2014, down 7.8 per cent from a year ago when earnings were lifted by disposal gains. The property group, whose assets include Vivo City in Singapore, said total revenue was S$548.6 million, compared to S$686.3 million for fiscal year 2013.

STATS ChipPAC Ltd extended its early Friday rally to hit 47 cents, up 22 per cent in the afternoon. it has received a non-binding expression of interest from a third party keen on buying all its shares.

STOCK RECOMMENDATION:

  • BUY CAPITAMALLS ASIA ABOVE 2.350 TG 2.390, 2.430, 2.480 SL 2.290

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

16May
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 16th May 2014

MARKET UPDATES

•retail sales slipped 3.9 per cent year-on-year in March, according to data from the Department of Statistics.However, stripping out the sales of motor vehicles – which were down 19.3 percent from March 2013 – sales still experienced a slight contraction, edging down 0.4 per cent.

•SINGAPORE’S Temasek on Thursday confirmed its investment in Virgin Mobile Latin America (VMLA). Temasek said on its website that the equity will help launch the Virgin Mobile brand in Mexico in 2014 and Brazil in 2015.

•OFFSHORE marine solutions provider Vallianz received a letter of award (LOA) for the provision of charter and ship management services worth US$82 million to a major offshore onstruction company for work in Latin America.

•SOUTH Korean shipping group, Pan Ocean Co Ltd, reported on Thursday that it has returned to the black for the first quarter ended March 31, 2014 after a painful “debt rehabilitation” process. Net profit was at US$33.81 million compared to a net loss of US$66.95 million a year ago.

STOCK RECOMMENDATION:

•BUY COMFORTDELGRO LTD ABOVE 2.270 TG 2.310, 2.350, 2.400 SL 2.210

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

15May
sgx2

Financial Sgx Singapore Stock Market Trading Picks And News – 15th May 2014

MARKET UPDATES

  • MAINBOARD-listed Technics Oil and Gas and its Middle East Consortium partner have received a letter of award to set up a gas processing facility in South Asia worth S$166 million. The contract is for two years of operations and maintenance where the terms and conditions have yet to be finalized.
  • SHARES of ComfortDelgro surged more than six percent on Wednesday after the transport operator posted a 9.7 per cent year-on-year rise in its first quarter net profit. ComfortDelgro shares opened at S$2.15 before climbing to S$2.26 each. They were trading at S$2.22, up 10 cents, or 4.72 per cent,
  • NEWLY-listed PACC Offshore Services Holdings Ltd (POSH) has won an US$80.5 million charter contract from Brazil’s national oil company Petrobas for a semi-submersible accommodation vessel (SSAV). Petrobras will charter the vessel named “POSH XANADU” for a year from December, and has an option to extend it by another year. If so, the total contract value will be more than US$144 million.

STOCK RECOMMENDATION:

  • BUY CAPITALAND LTD ABOVE 3.130 TG 3.180, 3.230, 3.300 SL 3.060

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

14May
sgx-asx-tse

Financial Sgx Singapore Stock Market Trading Picks And News – 14th May 2014

MARKET UPDATES

  • Singapore airport services and catering firm SATS Ltd said on Monday it had abandoned plans to acquire a cruise and ferry terminal operator from a unit of Singapore state investor Temasek Holdings for S$110 million (US$88 million). In September, SATS said it would buy the Singapore Cruise Centre from Hazeltree Holdings Private Ltd, an indirect wholly-owned subsidiary of Temasek. “The purchasers and the vendor have agreed not to proceed with the acquisition and to terminate the SPA.
  • SINGAPORE sovereign investment company Temasek Holdings is taking a significant minority equity stake in Dymon Asia, the alternative investment manager said. Temasek will commit an initial US$500 million to be managed by Dymon and will be used to seed new invsetment strategies.
  • RESALE prices of non-landed private homes slipped 1.7 per cent in April, touching a 16-month low since December 2012. This was in spite of the increase in volumes of resale transactions, which at 476 was 24.6 per cent higher than March’s, flash estimates by the Singapore Real Estate Exchange (SRX) show.

STOCK RECOMMENDATION:

  • BUY HONGKONG LAND ABOVE 6.950 TG 7.030, 7.810, 7.910 SL 6.850.

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

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